The first Diamond Capital Convention was held in Cameroon, bringing together public authorities, financial institutions, businesses, investors, and young people. The event aimed to address the challenge of connecting available capital with businesses that need funding to invest, grow, and create jobs. According to Ingrid Obouh Fegue, General Manager of Almasi Capital Advisory, the financial market remains difficult to access for many companies due to complex financial mechanisms and limited knowledge of available instruments.
The convention, organized by Almasi Capital & Advisory, took place under the auspices of the Prime Minister, Head of Government. Minister of Finance Louis Paul Motaze, representing the Prime Minister, called for deeper financial-market reforms to channel more capital into productive investment across Central Africa. He stressed the need for financial professionals to improve communication, understand businesses' needs, and develop simpler, more accessible, and tailored financial solutions.
Ingrid Obouh Fegue highlighted that finance must serve the real economy, and companies should be able to use the market not only for major transactions but also to finance investment, support expansion, prepare ownership transfers, and scale up their activities. She emphasized that financial professionals and companies need to work together to bridge the gap between capital and businesses.
The Diamond Capital Convention aimed to provide a platform for stakeholders to discuss the challenges and opportunities in the financial market. The event brought together experts and stakeholders to share knowledge, experiences, and best practices in accessing finance and investing in businesses. The convention also provided an opportunity for businesses to learn more about the market and clarify their financing needs.
The financial market in Cameroon faces significant challenges, including limited access to finance for many businesses. The country's financial sector is working to address these challenges and provide more accessible and affordable financial services to businesses and individuals. The Diamond Capital Convention is part of these efforts, aiming to promote financial inclusion and support economic growth.
The event also highlighted the need for financial professionals to develop simpler, more accessible, and tailored financial solutions for businesses. This includes providing financing options for small and medium-sized enterprises, which are critical to the country's economic growth and job creation. By addressing these challenges, the financial market can play a more significant role in supporting businesses and promoting economic development.
The Diamond Capital Convention concluded with a call to action for stakeholders to work together to address the challenges in the financial market. The event provided a platform for stakeholders to engage in discussions and share ideas on how to promote financial inclusion and support economic growth in Cameroon. The convention also highlighted the need for continued collaboration and dialogue to ensure that the financial market serves the needs of businesses and the economy.
Key points
- The Diamond Capital Convention was organized to address the challenge of connecting available capital with businesses that need funding to invest, grow, and create jobs.
- The financial market in Cameroon faces significant challenges, including limited access to finance for many businesses.
- The event called for deeper financial-market reforms to channel more capital into productive investment across Central Africa.
