In the framework of the cooperation Cameroon-UNDP, Alain Noël Olivier Mekulu Mvondo Akame, managing director of the national social insurance fund (CNPS) met with the delegation of UNDP and the minister of economy, Loïc Chedjou. During the meeting which took place on February 8, 2018, in Yaoundé, they discussed the different investment strategies of CNPS’ funds to finance the development of Cameroon.
The fund’s managing director declared that for the 2018-2022 strategic plan, “CNPS is ready to invest about CFA100 billion to finance the development of Cameroon”. Compared to the 2013-2017 strategic investment fund, this is a substantial increase by about CFA60 billion. According to him, the executive board of CNPS finances promising, profitable, and socially beneficial projects.
To do so, it acquires shares in some companies, both existing and being created. It also makes fixed direct deposits, invest in bonds and in real estate.
As far as the companies it invests in are concerned, they must meet some criteria. Their gross return must be greater than or equal to 8%. Also, female staff must be at least 20% of the whole staff and that company must regularly pay its taxes and social contributions.
With businessincameroon
