(Business in Cameroon) – Cameroon and Morocco have formalised a financial cooperation agreement aimed at modernising the management of public savings and strengthening institutional capacity in long-term investment financing. On 3 November 2025 in Rabat, the Director General of the Deposits and Consignments Fund of Cameroon (CDEC), Richard Evina Obam, and his Moroccan counterpart at the Deposit and Management Fund (CDG), Khalid Safir, signed a partnership to transfer expertise and digitalise fund management systems. The deal is designed to help the CDEC become a key instrument in financing Cameroon’s development priorities.
According to the terms of the agreement, the CDG will provide technical support to CDEC in areas including financial engineering, staff training, risk management, digital transformation, and governance. The Moroccan institution, established 66 years ago, oversees the mobilisation of long-term savings, invests in infrastructure and local development, and secures both state and citizen funds. CDEC, in turn, aims to apply these practices to improve its operational systems as it evolves into a strategic public financial institution. The agreement complements Cameroon’s National Development Strategy (SND30), which aims to transform dormant administrative and judicial deposits into productive investments in sectors such as energy, transport, and agro-industry.
At the signing ceremony, both Directors General underscored the importance of institutional collaboration in enhancing governance and financing mechanisms. Richard Evina Obam and Khalid Safir exchanged the partnership documents in Rabat, symbolising a shared commitment to strengthening financial cooperation between the two nations.
According to reports, this partnership reflects a growing trend of South–South collaboration in public finance management, positioning CDEC to benefit from Morocco’s long-standing expertise in mobilising and safeguarding savings for national development. By digitalising its operations and enhancing internal governance, CDEC aims to build investor confidence and channel more funds into Cameroon’s structural projects. The accord also signals a continental shift towards home-grown financial models, as African deposit institutions seek to share best practices in development finance.
Mercy Fosoh
