Investment Banker | Cameroon: Journalists Explore Bankers And Financial Markets

The poor reporting of financial news in the country 's media organs such as newspapers, radio and television, blogs and websites, it also creates confusion in the minds of investors. The market has quickly got into a vicious circle of inadequate performance, lack of understanding by key players and poor news coverage or malignant.

In order to cause a reversal of the trend, a two-day workshop (Thursday 03 and Friday 04 February 2011) was organized at the headquarters in Douala GICAM, attended by bankers and other financial experts and journalists, journalists whose editors presented as financial news. Members of the Committee on Financial Markets in Cameroon, it is imperative that all stakeholders understand that financial markets are functional primary and secondary education in Cameroon, the markets can still be seen in the embryonic stage, but there is great potential growth, as at all levels that are well structured and highly regulated.

Specialists, Professor David KAMDEM, Dean of the Faculty of Economics and Management, University of Dschang, Mr. Oumarou Sanda, an economist and minister of Cameroon 's former Posts and Telecommunications, Mr. Paul Elung Che, former Director General of the Treasury Cameroon Adiaba Lady Jacqueline, Director of Markets of the Douala Stock Exchange DSX, Mr. Emeka Iweriebor, General Manager of United Bank for Africa, UBA: Dr. Banga Ntolo Louis, assistant general manager of Socit Gnrale de Banques au Cameroun SGBC and Mr. Mathieu Mandeng, CEO of Standard Chartered Bank, among other professionals in the Banking and Finance.

In a blink of an eye, the participants were bombarded with tons of information about financial markets, the definitions, structures, tools, actors, and operations. The concept of investment banking in a context dominated by commercial banks was highlighted, and participants especially the journalists could now understand why the government of Cameroon has to issue bonds and borrow money from the public, even when banks are choking with what has been called "excess liquidity". The simple truth is that short-term funds can not be used to finance long term investments.

In addition to major markets dominated by investment bankers, participants also understood that structures such as the Douala Stock Exchange DSX operate mainly in the secondary markets where it creates a continuous market for the exchange of stocks and bonds, and to determine stock prices through the buying and selling orders. The coexistence of two stock markets in CEMAC Sub Region in Douala and Libreville is still an intriguing question. The difference between a stock exchange and financial markets briefly established the Commission on Financial Markets in Cameroon is described as a "gendarme", given its regulatory function, while two other key players in the markets of Cameroon 's financial statements are the "Caisse Autonome d'Amortissement" and "Banque Rglement" that is the bank SGBC.

At the end of the training, participants left with the understanding that for a country like Cameroon to become an emerging economy in 2035 the financial markets should play a key role in mobilizing funds and the financing of long-term investments . Versed journalists? Financial issues also need to produce more output in terms of packaging information so that investors can rely on the publications of the media of financial news. More journalists have to be trained and many bankers and financial experts have to consider communication and feedback on issues relevant to the general public.