Visionary Reports

Stakeholders pledge to accelerate market growth.

The third edition of the CEMAC Capital Markets Awards, held on April 9 after a two-day colloquium, was dedicated to strengthening the region’s financial markets. Organized by La Lettre Sarl in partnership with BVMAC and Cosumaf, the event celebrated outstanding achievements in the CEMAC financial sector.Salomon Épale, Chairman of the Organizing Committee, highlighted the growing influence of the event and announced plans to possibly rotate hosting duties among Central African countries in future editions. He reiterated the core objective of the awards: to promote popular participation as a key driver of economic development in the CEMAC. The event, which was attended by Jacqueline Adiaba Nkembe, President of the Financial Markets Supervisory Commission, featured an international conference on “Popular Shareholding as a Financing Engine for CEMAC Economies”. Discussions focused on strategies for mobilizing domestic savings, democratizing access to the stock market, and overcoming public reluctance to participate in the capital markets.

Société Générale Capital Securities Central Africa emerged as a leading performer, taking top honors for market animation and transaction volume. Société Générale Cameroun, through Société Générale Securities Services, was also recognized for its excellence in account management, coming in third.Nevertheless, Patrick Fomethe, Managing Director of Korea Asset Management, praised the Colloquium’s findings, noting significant progress in the CEMAC financial market. He pointed to BVMAC’s recent regulatory reforms aimed at facilitating access to finance for SMEs and Cosumaf’s initiatives to improve investor education. Fomethe highlighted the potential of fractionalized share pricing to broaden market participation among low-income investors. He also highlighted the increasing dynamism of the CEMAC market, fueled by greater involvement by asset managers, investment firms and financial advisors. Fomethe also noted the region’s relative resilience to global market volatility, attracting foreign investors seeking stable growth prospects.”The past five years have seen remarkable progress, making this an opportune time to engage with the CEMAC market,” said Fomethe. “Our collective effort is to empower the population with the knowledge to invest their wealth and achieve favorable returns, especially in the current global economic climate.”The awards underscore the significant contributions and robust performance of Société Générale entities within the CEMAC financial landscape

By Henry Wana