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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

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