The financial market of Central Africa, a sleeping giant, remains resilient. Far from the major financial highways, this market formed between oil states, endowed with immense mineral resources, is slowly beginning to be structured between Libreville and Douala. Things are moving, as shown by the ranking of portfolio management companies authorized by the Commission de Surveillance du Marché Financier de l'Afrique Centrale (COSUMAF), at the end of September 2020, delivers an unprecedented result.

Thus, Harvest Asset Management chaired by Marc Kamgaing, is the very first entity by funds under management with 41.6 billion FCFA, ahead of ASCA Asset Management (subsidiary of Attijriwafa bank) with 35.6 billion FCFA. The duel between the two entities turns to the advantage of the little thumb. Far, far from this duel at the top, EDC (a subsidiary of the Ecobank group) is trying to exist with 1.3 billion FCFA. The leading quartet is closed by Corridor Asset Management credited with 219 million FCFA.

According to analysts, Harvest's strong growth is explained by the diversification of its portfolio, its interest in small banks and structures looking for promising investments. For its part, ASCA Asset Management, seems to be resting on its laurels, relying on the network of the parent company. Usually, it is the independent structures that bear the brunt of competition with the subsidiaries of the banks. But in the Central Africa zone governed by the Central African Financial Market Supervisory Commission (Cosumaf), it is the independent who beats the subsidiary. The gap would have been even greater if Harvest had integrated the pension fund of the Bank of Central African States (BEAC), which was not kept in the calculation.