INVESTMENTS - AEDIC

AFRICA BDEAC will buy shares in Afreximbank

(Invest in Africa) - Cameroon's Minister of Finance (Minfi), Louis Paul Motaze, chaired the board of directors of the Central African States Development Bank (BDEAC) in Congo-Brazzaville on 9 August. During this meeting, we learn, the board approved BDEAC's proposed participation in the capital African Export-Import Bank (Afreximbank). "The Bank's participation in the capital of this continental institution is fully consistent with its 2017-2022 strategic plan, particularly in light of its new trade finance policy in the sub-region. This acquisition of participation also responds to the cross-cooperation policy adopted by the two institutions under the memorandum of understanding signed on 6 March 2018 ". explains BDEAC. However, it does not specify the level of participation in Afreximbank's capital. Based in Cairo and operating in Abuja, Abidjan, Harare and Kampala, Afreximbank is a supranational financial institution. As of 31 December 2017, the authorised share capital of this bank amounted to $ 5 billion (almost FCFA 3 trillion). It consists of 500,000 ordinary shares of USD 10,000 (almost FCFA 6 million) each. The condensed financial statements for the year ended 31 December 2018 show total comprehensive income of $ 285.4 million. BDEAC and Afreximbank have regularly financed projects in tandem. For example, on 11 July 2018, they signed a EUR 500 million (approximately FCFA 327.5 billion) co-financing framework agreement in favour of CEMAC. This was in response to numerous requests for project funding from countries in the sub-region of Cameroon, CAR, Congo, Gabon, Equatorial Guinea and Chad. africaaedic.eu

Why invest in Cameroon?

Investing in Cameroon - There are several economic and social factors that make Cameroon an excellent entry point for Italian companies like yours in Central Africa.

We can say that Cameroon is the natural gateway to Central Sub-Saharan Africa.

Stability of Cameroon

The Democratic Republic of Cameroon is one of the most stable countries in central sub-Saharan Africa.

The Cameroonian government has managed to maintain a high level of internal political stability for over 40 yearsThis has enabled the emergence of a private sector and the creation of one of the most diversified economies in the region.

The risk of investment losses is relatively low compared to other neighbouring countries, also thanks to legislation that protects foreign investments in the country. Moreover, the Cameroonian people attach great importance to maintaining social stability as a common good and as a prerequisite for the growth of the country and society.

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Cameroon: Italy a key investment partner in Central Africa

paul biya and president sergio mattarella2017 "For Italy, Cameroon is a priority partner, and the collaboration that is developing is a source of great satisfaction and a goal of great importance for us".

thus President Sergio Mattarella said at the end of a meeting at the Quirinale with Cameroonian Head of State Paul Biya on a visit to Italy.

In his speech, Mattarella emphasised the close cooperation on the economic level also demonstrated by the numerous participation of Italian companies in a systemic business mission held in Yaoundé the month before President Paul Biya's visit.

'Even on a cultural level, between Cameroonian and Italian universities, which are intensifying and developing, there is a very intense exchange,' said the Italian Head of State. 'Many Cameroonian students study in our universities, and this is an element that projects our friendship into the future.

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