Private investors must control 80% capital of CCX

In its proposals to the Government of Cameroon, for the launch of the Cameroon Commodities Exchange (CCX), the stock exchange of the country, the cabinet Eleni LLC-agricultural raw materials, which assists the Government in this project suggest that the shareholding of the company's stock exchange reflects a model of public-private partnership, which promotes common ownership both public and those investors of private with the State or public institutions as minority shareholders.

Specifically, according to the firm Eleni LLC, the capital of the future scholarship should be 80% owned by a consortium of investors from the private sector, compared to 10% for the State of Cameroon and 10% for the employees of the stock exchange.

It also recommended to the Government the consortium of the private sector, which will be majority shareholder, to consist of 4 to 6 investors, "with balanced interests", so "no investor has a majority stake and that there will be no possibility of vote bundled for investors.

Presented as the future hub of trade of agricultural raw materials in the CEMAC, the CCX area should be the platform of the transactions for eight agricultural products, Eleni cabinet proposes to introduce progressively on the stock exchange over a period of 4 years. It include cocoa and corn (1st year), sorghum, millet and cassava dried (2nd year), oil palm and paddy rice (3rd year), and cotton (4th year).

Intended to be operational 12 months after the end of the feasibility study which took place in September 2014, the launching of the activities of the CCX should take more time than expected, because the battery of regulations to put in place to oversee its activities, but also the research of the financing which are not always acquired.