logoBC
Yaoundé - 29 March 2024 -
Stock Exchange

Cameroon : UCITS funds can now go into the financial market

Cameroon : UCITS funds can now go into the financial market
  • Comments   -   Tuesday, 12 June 2018 13:33

(Business in Cameroon) - In Cameroon, UCITS funds (collective investment in transferable securities) can now go into the financial market. This was approved by a decree signed on June 1, 2018, by Louis Paul Motaze, the finance minister.

An authorised source at the financial market commission explains that these funds are asset managemet funds which invest savers’ money into financial schemes and into productive companies to fructify the money. Such was the case of Actis which invests the British savers’ money in Cameroon. Those funds can also invest in startups.

Thanks to that decree approving the operation framework established by the financial market commission about a year ago, in conjunction with the market, UCITS funds will start operations.

S.A

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

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 »