- (Business in Cameroon) – Cameroon’s Deposits and Consignments Fund of Cameroon (CDEC) awarded UK-based Moore Stephens CA a CFA96.5 million ($155,000) contract to conduct feasibility studies for creating its future banking subsidiary.
- The study, to be completed within four months, will define the regulatory framework, business model, and financial structure of the new institution.
- The planned subsidiary aims to expand financing access for SMEs, support state infrastructure funding, and strengthen the depth of Cameroon’s financial sector.
The Deposits and Consignments Fund of Cameroon (CDEC) has appointed UK consultancy firm Moore Stephens CA to carry out preparatory studies for establishing a banking subsidiary, Business in Cameroun reported, citing official sources.
The award follows a restricted national tender launched under emergency procedure on June 4, 2025. The total contract value is CFA96.5 million, with Moore Stephens expected to deliver its findings within four months.
Consultancy to Define Legal and Financial Framework
Moore Stephens, a global advisory and audit firm, will assess the regulatory and legal framework required for creating the new banking arm. The firm will also design a sustainable economic and financial model and propose products tailored to the needs of Cameroonian businesses.
The proposed portfolio will include long-term loans, guarantees, leasing services, and innovative financing tools to boost access to credit. The future CDEC banking subsidiary will focus on improving financing access for small and medium-sized enterprises, especially those engaged in public procurement. It will also assist the state and local governments in raising funds for infrastructure projects.
Additionally, the bank will support companies seeking to list on the stock exchange and provide strategic advisory services to business leaders. This approach aligns with CDEC’s mandate to mobilize, manage, and enhance public financial resources for national development.
Although no official launch date has been announced, the initiative underscores the government’s ambition to strengthen the depth and resilience of Cameroon’s banking sector, which currently includes 19 licensed institutions.
Established 15 years ago, CDEC became operational only in 2024. Its early operations were marked by friction with several commercial banks accused of withholding dormant assets that should have been transferred under existing regulations.
By creating its own banking arm, CDEC seeks greater operational independence and a stronger role in shaping Cameroon’s financial system.
This article was initially published in French by Amina Malloum
Adapted in English by Ange Jason Quenum
