logoBC
Yaoundé - 15 August 2022 -
Agriculture

Cameroon: Safacam opens a position for minority shareholder Director

Cameroon: Safacam opens a position for minority shareholder Director
  • Comments   -   Thursday, 30 June 2022 17:42

(Business in Cameroon) - BVMAC-listed African Agricultural Forestry Company of Cameroon (Safacam) announced it has just launched a call for applications to appoint a director representing minority shareholders on the Board of Directors. Applications from interested candidates are expected until August 15, 2022, we learned.

"This position is open to all shareholders, regardless of the number of shares they own, without distinction of social class, gender, or religion," the company said. The move will allow Safacam to involve minority shareholders more in the decision-making process.

Safacam is a subsidiary of the Luxembourg-based Société financière des caoutchoucs (Socfin) and is an agro-industrial unit specialized in the production of palm oil and rubber in Cameroon. It is one of the first companies to be listed on the stock exchange both in the country and in Central Africa, and currently has a market capitalization estimated at CFA27.3 billion. After a difficult year in 2020, marked by the Covid-19, Safacam achieved a net profit of CFA2.4 billion in 2021, up 72.5% year-on-year.

BRM

euro-dollar-fluctuation-raised-cameroon-s-debt-by-cfa420bn-in-one-year
Recent fluctuations between the euro and the U.S. dollar have increased Cameroon's debt by CFA420 billion (+11.2%) between June 2021 and June 2022. Data...
e-guinean-bange-bank-to-get-listed-on-the-bvmac-first-bank-to-join
Guinean Bange Bank is preparing its listing on the regional stock exchange Bvmac. Louis Banga, MD of the stock market, met on August 9 in this regard with...
cameroon-beac-forecasts-brewing-profit-to-fall-in-q3-2022
The Bank of Central African States Beac forecasts the brewing industry in Cameroon to experience a sharp decline in Q3 2022. In its bulletin, the...
cameroon-fuel-subsidies-could-finally-exceed-cfa780-billion-in-2022
The Cameroonian government announced it will approve CFA780 billion in fuel subsidy to keep pump prices unchanged in this harsh period marked by rising...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »