(Business in Cameroon) - Serenity is no more the key word for the shareholders of the internet service provider Vodafone Cameroun, companies Northwave Sarl and Afrimax Group. This is what revealed a search warrant shared on social networks at the end of the past week, and which revealed the existence of a dispute between the Managing Director, the Financial Director and the Chief Officer of Vodafone Cameroun, on the onw hand, and the company Northwave Sarl on the other hand, whose takeover by Afrimax Group led to the creation of Vodafone Cameroun.

Even though Vodafone Cameroun, in an official memo, described the accusations of “money laundering” or “funding terrorism” levelled against the above-mentioned managers as “unfounded”, and in spite of the fact that the company revealed that the search warrant published on social networks was finally “cancelled”, Vodafone Cameroun does not however deny the existence of legal proceedings started by the manager of Northwave Sarl, Halimatou Hassana. Which at least reveals the aggravation of the relationship between the shareholders of Vodafone Cameroun.

As a reminder, this internet operator entered the Cameroonian market in 2016, through a franchise agreement settled with the company Northwave Sarl, owned by Afrimax Group. Vodafone Cameroun only markets 4G LTE services in the cities of Yaoundé and Douala, which represent on their own 80% of the telecom market in the country.

BRM