(Business in Cameroon) - Of the CFA204 billion recently mobilized on the Douala Stock exchange via the 5^th government bond issue, local investors succeeded in raising up to CFA196.3 billion, we learnt. This represents 90% of the envelope.  

This said, foreign subscribers provided only 10% of the money. Official results showed that Chadian investors provided just over CFA4 billion while Equatorial Guineans brought CFA2.2 billion and Central Africans subscribed CFA1.275 billion. Meanwhile, Congolese investors granted CFA 450 million and France gave only CFA1.6 million.

With regard to category of subscribers, the largest share was mobilized by banks which, after the overallotment decision, injected CFA138.531 billion in this fundraising operation. Non-bank legal entities contributed a total of CFA42.769 billion, compared to CFA18.7 billion CFA for individuals.

Afriland First Bank is atop the banks’ list providing CFA57.6 billion, over 25% of the amount. EDC Investment, Ecobank's investment subsidiary, came second with CFA39.2 billion; compared to CFA35 billion for SCB Cameroon, the local subsidiary of the Moroccan Attijariwafa Bank.

Société générale Cameroun injected CFA29.4 billion, compared with CFA19.5 billion for BICEC, a subsidiary of the French group BPCE; CFA10.8 billion for the Commercial Bank of Cameroon (CBC) and respectively CFA3.5 billion and CFA2.4 billion for Standard Chartered Bank and BGFI Cameroon. Nigeria's UBA and Financial Capital provided CFA630.6 million and CFA575 million, respectively.

Brice R. Mbodiam