(Business in Cameroon) - The storm between the Caisse Nationale de Prévoyance Sociale (CNPS – National Social Security Fund) and the microfinance institution Express Union Finances, seems to be over. In a press release signed on 19 July by Alain Noël Olivier Mekulu Mvondo, the MD of the public company serving as an extension of the State in terms of social security in Cameroon, announces that the partnership with Express Union has resumed, partnership which was interrupted according to a press release dated 12 July 2017.

 “The Managing Director of the Caisse Nationale de Prévoyance Sociale advises all employers paying social contributions to CNPS, that following commitments taken by Express Union, for the quality of service offered to CNPS users and clients, Express Union Finances is again authorised to collect social contribution payments”, writes the MD of CNPS.

In the evening following the publication of the press release suspending the partnership between CNPS and Express Union Finances, on 12 July, sources within the public company already announced a return to normal in the relations between the two partners, relationship which, according to our sources, were simply marred by “misunderstandings”. “Express Union Finances is a collateral victim of the discord between the MD and his Accounts Manager”, even specified a source within CNPS.

BRM