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Yaoundé - 22 October 2017 -
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Yaoundé, the Cameroonian capital, will host from 24 to 26 May 2017 the very first edition of the Pan African Project Management Conference, organised by Prescriptor, a Pan African investment and project management consultancy firm, in partnership wit

Yaoundé, the Cameroonian capital, will host from 24 to 26 May 2017 the very first edition of the Pan African Project Management Conference, organised by Prescriptor, a Pan African investment and project management consultancy firm, in partnership wit
  • Comments   -   Tuesday, 16 May 2017 12:31

(Business in Cameroon) - The Financial Markets Commission (CMF), regulatory body of the Douala Stock Exchange (DSX), the stock market in Cameroon, just published a press release advising investors against the activities of Société d’aménagement de l’Océan (Soado).

This company, revealed CMF, recently met with the general public, in Douala, the economic capital of the country, and Kribi, a seaside town in the Southern region; to raise funds to finance a real estate project called “Kribi horizon 2020”.

However, CMF points out, “said company is not authorised to collect subscriptions and deposits on behalf of the Cameroonian public” and “to date does not meet the conditions to publicly trade and the operation in question has not been approved by the Financial Markets Commission”.

BRM

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