Finance

Harvest and Enko Capital take over management of BEAC employees’ retirement

Marc Kamgaing, Chairman and CEO of Invest Asset Management.

Cameroonian stock brokerage and asset management company Harvest has won the strategic call for tenders for the retirement management of employees of the Bank of Central African States (BEAC) in Central Africa according to published information on the website of the financial institution of the Economic Community of Central African States (CEMAC). The same service will be provided in the West African Economic and Monetary Union (WAMU) zone by the Enko Capital fund of brothers Alain and Cyril Nkontchou selected in the same call for tenders.

Note that until then, the BEAC pension fund was managed by Amundi in France. This is good news for the local CEMAC asset management industry and for the African financial markets in general to expand their areas of expertise to assets previously managed in the international financial markets. Contacted by us, Good news never coming alone, Marc Kamgaing, Chairman and CEO of Invest Asset Management, says he cannot say more than what is already on the BEAC website. For the Cameroonian financier, the time is for action.

Journalist for 20 years in the African economic press and author of several surveys and reports. Covered several summits of the African Union, the African Economic Commission and the African Development Bank.

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