In its press release, ESS indicates that it has initiated the accession process with the pan-African institution and notification was made to it on November 10th.
« This initiative, led by the group’s CEO, Christian DIN Dika, materializes the Group’s expansion and international development objectives. It reinforces the ambition of this young financial Group, to forge privileged relationships with leading international financial institutions and donors on the continent, for the benefit of the embryonic Cemac financial market », said the financial intermediary in its press release.
The amount disbursed by ESS Stock Exchange for this entry into the shareholding of the bank has not been disclosed. The stock exchange company, on the other hand, indicates that this attests to its “financial strength” and its respect for “compliance and good governance rules”.
It should be noted that Afreximbank’s shareholders are a mixture of public and private entities divided into four classes and consist of African governments, central banks, regional and subregional institutions, private investors and financial institutions, as well as non-African financial institutions, credit agencies to investors. Outside the State of Cameroon, the National Social Insurance Fund (Nsif) is also a shareholder of this institution.
Approved in 2020, Emerald Securities Services is becoming more and more established on the Cemac financial market. The company has structured several large-scale fundraisers on behalf of the States. In particular the Congo and Gabon. ESS has also been shortlisted for the Initial Public Offering (IPO) of Aéroports du Cameroun SA (ADC).