Cameroon Weekly Capital Brief

How can the regional capital market become a source of funding for more Cameroonian companies? This question is central to the FedhEn Capital study presented to the Ministry of Finance on 9 October 2026 in Yaoundé, at a workshop chaired by MINFI Secretary General Gilbert Didier Edoa.

According to Business & Finance International, FedhEn Capital CEO Jules Samain reports that only four Cameroonian companies had secured regional market financing among more than 300 identified in the study. This describes the pool examined; it is not a rejection rate for financing applications.

What the FedhEn study proposes

Press reports highlight several complementary measures. Expression Économique emphasises preparing prospective issuers, particularly their governance and financial information, reducing market access costs and mobilising local institutional investors. The aim is to connect prepared businesses with savings that could finance their development.

Measures reported by EcoMatin include legislation requiring selected telecommunications, hydrocarbons, mining and banking multinationals with annual revenue above CFAF 50 billion to open 20% of their equity through BVMAC within 36 months. Implementation would depend on public authorities’ decisions and the legal framework adopted.

EcoMatin also reports a multi-year programme to open up state-owned companies’ equity and support listing preparation costs: assist 15 SMEs and 10 large companies over five years, targeting five stock market listings.

Our view: prepare the company and structure the transaction

Opening up ownership and financing a company do not always have the same effects. Selling existing shares pays selling shareholders; issuing new equity brings fresh funds into the company. Assessing these proposals therefore requires examining transaction structure, valuation, investor rights and share liquidity.

For business leaders, these proposals raise a practical question: what should you prepare now?

At GJO & Partners, we suggest starting with four priorities:

1. Strengthen financial information : provide consistent, documented financial information that can be explained.
2. Clarify governance : identify responsibilities, decision-making rules and control mechanisms.
3. Document funding needs : specify the amount sought, how the funds will be used and the expected results.
4. Organise reporting : be able to report regularly on performance, cash flow and risks.

This process also helps assess whether market-based financing genuinely matches the company’s needs and capabilities.

Access to capital begins with preparing the company.

Business leaders: which of these four priorities is your greatest challenge today?

Sources : Business in Cameroon, 12 October 2026 ; Business & Finance International, 13 October 2026 ; EcoMatin, 13 October 2026 ; Expression Économique, 16 October 2026.