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Presentation
> History
The National Investment Corporation of Cameroon (SNI) was set up in 1964 as a public corporation, with the State as sole shareholder, for the mobilization and orientation of national savings and any other national and international financial resources. It has a capital of 22,000 million CFA F.
Triumphal march
During the early years following independence, when Cameroon
was in the very first stage of economic development, there
was a total lack of human resources and no national private
sector that could promote the development of a private production
sector. The country enjoyed some political autonomy, but
the entire banking system was outwardly oriented.
The SNI came into existence within
this context in 1964.
In the early years following independence, the Government
of Cameroon, convinced of the important role the private
sector can play in the economic development of any country,
mobilized adequate resources to implement its industrial
policy.
The engine for that is the National Investment Corporation.
Its open-ended capital comes principally from the State,
as well as earnings issuing of development bonds, proceeds
from its own transactions or issues, proceeds from its operations,
from interest on loans and endowments, subsidies, gifts
and legacies.
The SNI is financially autonomous
and its activities are directed to the private sector.
Its mission is to mobilize, peg and direct national savings
to support economic and social investment operations. The
SNI intervenes in industry, agriculture and trade sectors.
The new structure is therefore expected to:
 conduct
studies and all such financial transactions liable to promote
the country’s development;
grant
loans or guarantees to finance investments with specific
economic or social interests;
purchase
or repurchase company shares;
manage
portfolios of the State, councils and public establishments.
The long-term goal is to temporarily make up for the absence
of national private promoters by setting up projects which
will be sold later to Cameroonians exclusively.
The corporation was officially set up on 16 December 1964,
with Mr. Jean Faustin BETAYENE as the Chief Executive Officer.
SNI plays a key-role amongst national economic development
actors. In view of the context in which it was born, it
has successfully gone round an obstacle course. The corporation
has, over the years, adapted to changes in the business
world and has acquired a wealth of experience and perfect
mastery of project investment and financing facilities.
Milestones in SNI history
2005
Adoption
of a new organization chart for the SNI.
2004
Commencement
of work on the SNI corporate for the period to 2010.
SNI
carries out a self-diagnosis.
SNI
celebrates its 40 years in sobriety.
2003
Appointment
of Mrs. YAOU AÏSSATOU as General Manager of SNI
Inauguration
of the Chad-Cameroon Pipeline.
Inauguration
of the Douala Stock Exchange.
Commencement
of construction work of an oil yard in Limbe.
2002
The
authorized capital of SNI is increased to 22,000 million
CFA F.
1994
Celebration
of the 30th anniversary of the SNI
1992
Cameroon
signs a four-year performance contract with the SNI.
SNI
obtains an additional capital endowment of 9,000 million
CFA F over a four-year period.
1991
The
State, sole shareholder, decides to maintain SNI in its
portfolio and adapt its missions to the changing global
socio-economic environment.
1990
The
company portfolio of the SNI reaches its peak.
1985
The
company portfolio of the SNI records a net increase.
The
SNI plays its role fully and is the main tool of the Government
for the executing projects in the various five-year development
plans.
The
authorized capital of SNI is increased from two hundred
and fifty (250) million to seven thousand (7,000) million
CFA F.
SNI
becomes a public financial establishment, with corporate
status and financial autonomy.
The
special tax and customs benefits granted to SNI are cancelled.
The
interest rate on development bonds is raised to 8%.
1964
Setting up of the SNI.
1963
Government
authorizes the issuing of development bonds to finance the
activities of a national investment corporation.
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Autres Dossiers
Capital social : 22 milliards de FCFA
Portefeuille d’entreprises : 29
Budget 2004 :
2015,96 millions en ressources
7507,5 millions en emplois
Total du bilan :
33 341 165 830 FCFA
Résultat net : 772 264 459 FCFA
Chiffre d’Affaires : 6 457 875 859 FCFA
Investissements cumulés :
251 349 000 000 FCFA
Rendement du portefeuille :
Brut : 29 123 592 048 FCFA
soit 20,21 %
Net : 13 457 597 931 FCFA
soit 45,54 % |
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