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2007 Assessment

Cameroon: Integrity Indicators Scorecard

Cameroon: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises
Indicators		Score
64	In law, is there an agency or equivalent mechanism overseeing state-owned companies?	100
65	Is the agency or equivalent mechanism overseeing state-owned companies effective?	70
66	Can citizens access the financial records of state-owned companies?	75

Indicator and sub-Indicator Details

In law, is there an agency or equivalent mechanism overseeing state-owned companies?

64: In law, is there an agency or equivalent mechanism overseeing state-owned companies?

Score:

YES

Comments: 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.

The SNI is a public establishment, whose share capital is held solely by the State, with a key mission to promote the economic and social development of Cameroon.

For over forty years, the SNI has effectively contributed to the economic and social development of Cameroon and encouraged private investment.

References: - The National Investment Corporation of Cameroon (www.sni.cm)

Peer Review Comments: These are just the various ministries concerned.

Peer Review Comments: The National Investment Corporation, called in French SNI (Société Nationale d'Investissement) is the one who takes care of shares owned by the state, and also deals with the privatization issues.

Is the agency or equivalent mechanism overseeing state-owned companies effective?

65a: In law, the agency or equivalent mechanism overseeing state-owned companies is protected from political interference.

Score:

YES

Comments: The Ministry is appointed by the head of state. He is a member of the ruling party.

References: There is no legal provision concerning this aspect.

65b: In practice, the agency or equivalent mechanism overseeing state-owned companies has a professional, full-time staff.

Score:

100

Comments: The SNI is a public company which has a permanent staff.

65c: In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding.

Score:

100

Comments:

65d: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies independently initiates investigations.

Score:

100

Comments:

References: - André Marie Mbili Onana, "Pour l'amélioration des performances des entreprises publiques camerounaises: le rôle du conseil d'administration", Mémoire de DEA en Gestion, Université de Yaoundé II SOA, 2004 - Félix Zogning Nguimeya, "Introduction d'une société à la bourse des valeurs mobilières de Douala - Enjeux et procédures, Mémoire de DESS Gestion financière et bancaire, Université de Douala, 2006 - Créer une entreprise au Cameroun in [ LINK ] - Comment s'implanter au Cameroun? in [ LINK ] - Pascal Nguihé Kanté, Réflexions sur le régime juridique de dissolution et de liquidation des entreprises publiques et parapubliques au Cameroun depuis la réforme des procédures collectives OHADA, in Afrilex, N°4, 2004/12

65e: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies imposes penalties on offenders.

Score:

100

Comments: Three examples of cases where penalties were imposed are SAFRIC, Galerie des Beaux-Arts, and Titi Electric.

References: - Guy-Marie Eloundou Bidjogo, Adamaoua-Marchés publics : le temps des sanctions, In Cameroon-online, 14 March 2006 ([ LINK ]). - Armand Essogo, 12 ans de prison ferme pour un fournisseur, in Cameroon Tribune, 21 April 2006 (www.cameroon-tribune.net). - Eugène Dipanda, Marchés publics : les règles de jeu enfin claires, in Mutations, 28 September 2004 (www.lequotidienmutations.net). - Etudes sur les sanctions dans le domaine des marchés publics, By ARMP, March 2006 (www.droit-afrique.com). - André Marie Mbili Onana, "Pour l'amélioration des performances des entreprises publiques camerounaises: le rôle du conseil d'administration", Mémoire de DEA en Gestion, Université de Yaoundé II SOA, 2004 - Félix Zogning Nguimeya, "Introduction d'une société à la bourse des valeurs mobilières de Douala - Enjeux et procédures, Mémoire de DESS Gestion financière et bancaire, Université de Douala, 2006 - Créer une entreprise au Cameroun in [ LINK ] - Comment s'implanter au Cameroun? in [ LINK ] - Pascal Nguihé Kanté, Réflexions sur le régime juridique de dissolution et de liquidation des entreprises publiques et parapubliques au Cameroun depuis la réforme des procédures collectives OHADA, in Afrilex, N°4, 2004/12

Peer Review Comments: Les actions de l'ARMP sur ce terrain ne sont pas très visibles. En plus, sa dépendance des autorités publiques et particulièrement de la présidence de la République limite ses engagements.

Can citizens access the financial records of state-owned companies?

66a: In law, citizens can access the financial records of state-owned companies.

Score:

YES

Comments:

References: - In accordance with Article 33 (4) of Decree n° 2004/275 of 24 September 2004 to institute the Public Contracts Code.

Peer Review Comments: These records are mostly kept secret.

66b: In practice, the financial records of state-owned companies are regularly updated.

Score:

100

Comments:

References: - Firmin Eog, A lécole des marchés publics au Cameroun, in CCC/SNEC, 23 August 2006 ([ LINK ]). - Azzarius, Azzarius et l'ARMP lancent le projet de dématérialisation des documents et des procédures des marchés publics du Cameroun in [ LINK ] - Audit a posteriori des marchés publics, Exercice 2003, ARMP, mars 2006, by 2AC and ACP ([ LINK ]). - Eugène Dipanda, Marchés publics : les règles de jeu enfin claires, in Mutations, 28 September 2004 (www.lequotidienmutations.net).

66c: In practice, the financial records of state-owned companies are audited according to international accounting standards.

Score:

100

Comments:

66d: In practice, citizens can access the financial records of state-owned companies within a reasonable time period.

Score:

100

Comments: In practice, all informations can be obtained on request to the Company. To acces the information, it is necessary to express the demand. Additional informations are available online in the website. They are intended for the public

References: - Guy-Marie Eloundou Bidjogo, Adamaoua-Marchés publics : le temps des sanctions, In Cameroon-online, 14 March 2006 ([ LINK ]). - Eugène Dipanda, Marchés publics : les règles de jeu enfin claires, in Mutations, 28 September 2004 (www.lequotidienmutations.net). - Etudes sur les sanctions dans le domaine des marchés publics, By ARMP, March 2006 (www.droit-afrique.com). - André Marie Mbili Onana, "Pour l'amélioration des performances des entreprises publiques camerounaises: le rôle du conseil d'administration", Mémoire de DEA en Gestion, Université de Yaoundé II SOA, 2004 - Félix Zogning Nguimeya, "Introduction d'une société à la bourse des valeurs mobilières de Douala - Enjeux et procédures, Mémoire de DESS Gestion financière et bancaire, Université de Douala, 2006 - Créer une entreprise au Cameroun in [ LINK ] - Comment s'implanter au Cameroun? in [ LINK ] - Pascal Nguihé Kanté, Réflexions sur le régime juridique de dissolution et de liquidation des entreprises publiques et parapubliques au Cameroun depuis la réforme des procédures collectives OHADA, in Afrilex, N°4, 2004/12

Peer Review Comments: Records are difficult to access.

66e: In practice, citizens can access the financial records of state-owned companies at a reasonable cost.

Score:

100

Comments: All informationc can be obtained on request to the Company. To access the information, it is necessary to express the demand. Additional informations are available online in the website. They are intended for the public

Peer Review Comments: The process is not really expensive, but the difficulty in accessing these records makes it priceless.