(Investing in Cameroon) – Since February 2025, the group of Cameroonian monetary and funding institutions Emrald Securities Companies (ESS) launched its first microfinance institution in Gabon, we realized from a poster disseminated by the monetary agency. ESS underlines that the brand new microfinance construction has acquired all the mandatory regulatory authorizations, earlier than the beginning of its actions. The creation of ESS microfinance by the group, it’s realized, “inside the framework of the implementation of its imaginative and prescient of implementation of a multidisciplinary African enterprise financial institution”.
“ESS Microfinance plans, within the medium time period, to increase its geographical protection to different international locations of the CEMAC (Cameroon, Congo, Gabon, Equatorial Guinea, Chad and RCA (Côte d’Ivoire, Benin, Burkina-Faso, Guinea, Mali, Niger, Senegal and Togo and Togo) 2020 by Cameroonian Christian Din Dika (picture). He’s a graduate of the Catholic College of Central Africa (Yaoundé) and Sciensce Po Paris, who notably labored as an govt on the Douala Inventory Trade (DSX, which merged with Bvamac) and inside the Moroccan group Attijariwafa Financial institution.
ESS Microfinance brings to 3 the variety of subsidiaries of the monetary group ESS, after ESS Bourse, a scholarship firm working on the unified monetary market in CEMAC international locations (BVMAC), and ESS Asset Administration, an asset administration firm. The selection of Gabon for the arrival of the ESS group within the microfinance sector isn’t trivial. Certainly, along with having a community of microfinance institutions a lot much less in depth than that of Cameroon, the place competitors could be very harsh, Gabon is a really fertile land for the affairs of the Cameroonian monetary group, particularly for its scholarship firm, which additionally has an workplace in Libreville.
Certainly, since 2021, just one yr after its creation, the ESS inventory market subsidiary has led at least six fundraising operations on behalf of the Gabonese State. These are 5 bond bonds (between 2021 and 2025), together with that at present within the subscription section, and a personal funding within the quantity of roughly 100 billion FCFA, carried out in 2023. Thanks to those operations and lots of others (Congo bond of 100 billion in 2021, that of the BDEAC of 150 billion in 2023, and so forth.), the ESS group is positioned among the many fundamental animators of the capital market within the CEMAC zone.
“Up to now 4 years, our cumulative turnover has been 20 billion CFA francs (30.5 million euros). We additionally handle a portfolio of 350 billion CFA francs (round 533 million euros) for our clients. By the tip of this yr (2024, editor’s be aware), this determine will attain 450 billion CFA francs (685 million euros) ”, projected Christian Din Dika in an interview revealed in Could 2024 in Forbes Africa journal.
Brice R. Mbodiam
Learn additionally:
07-02-2025-BVMAC: transactions drop by 21% within the 4ᵉ quarter 2024, regardless of the efficiency of EDC Funding and ESS Boursees
13-06-2024-Monetary market: to mobilize 200 billion FCFA, Gabon nonetheless trusts Cameroonian firms
07-03-2023-Asset administration: Three firms management greater than 92% of the market in CEMAC, encrypted at 370.1 billion FCFA
22-04-2021-Organized by Cameroonians ESS Bourse, the mortgage of 200 billion FCFA from Gabon is experiencing a delay within the ignition
15-03-2021-The Congo entrusts its bond borrowing 2021-2026 to the business Financial institution of Cameroon and Emrald Securities
