CMR offers good investment opportunities in finance- Bain & Co

According to a study by the American consultancy firm, Bain & Co, Sub-Saharan Africa is the new El-dorado for the financial sector. They intimated that banks and insurance companies can bet an increase of 15% to 20% revenue in this part of the world.

Moreover, these opportunities have been observed throughout sub-Saharan Africa. Bain & Co specified that 'the best strategy (for investors) is certainly to take market shares at reasonable prices, markets that are not too competitive, such as Dr Congo, Ivory Coast or Cameroon", noted Mr. Franzen, financial specialist at Bain & Company services based in Johannesburg.

From this point of view, it is observed that recently, "Qatar National Bank took 23.5 per cent of the Pan-African Bank Ecobank, which is present in 35 countries on the continent, an interesting initiative.

This analysis by Bain & Co certainly explained the fact that in 2014, the significant arrivals of equity investments by foreign investors in Cameroon financial sector entities was observed. Thus, Wafa insurance, insurance of the Moroccan Attijariwafa bank group has just created a subsidiary in Cameroon; While its compatriot RMA Watanya purchased Cameroonian Beneficial Insurance subsidiaries.

In 2013, the heads of Bank of Africa (BOA), announced having filed an application for approval with Central African Banking Commission (Cobac), the regulator of the banking sector in the six countries of the CEMAC zone (Cameroon, RCA, Congo, Gabon, Equatorial Guinea and Chad), to open a subsidiary in Cameroon.

According to Bain & Co, the investment opportunities in markets of sub-Saharan Africa, 'it is not too competitive'a the moment. Bian & Co is one of the three leading strategy and management consulting firms in the world.

In 2011, Vault ranked Bain & Co 1st position out of the 50 largest global law firms.