A group of Cameroonian financial, legal and ICT experts have created the first ever surveillance company to monitor financial transactions in stock exchange markets across the world.
The structure known as VMF (Veille de Marchés Financiers) was inaugurated Monday February 8, 2021 in Yaounde.
The objective of VMF according to it’s General Manager, a legal Analyst, Tchidjo Samuel, is to demystify transactions in the financial market often considered as only for a particular category of businesses and personalities.
Special attention would be given to vulgarising and promoting the activities of financial markets and stock exchange centres to the general public.
Speaking during the inauguration conference of the structure, the General Manager of VMF, Tchidjo Samuel presented the importance of their activities to companies, banks and other institutions.
” At VMF, what we do is that we monitor, track, survey and follow up transactions in financial markets round the clock, we equally produce analysis and reports that we help banking institutions and companies to make informed decisions in view of attracting more capital” Tchidjo Samuel told News Upfront.
Besides providing online monitoring services to companies and banking institutions, VMF shall also be carrying out trainings on the mastery of stock exchange operations and how companies can optimize their capital through financial markets.
The promoters of the initiative, are renowned financial, legal and ICT experts.
The online monitoring operations shall be done in a High-Tech hall, of Wall Street standards with more than 8 giant screens, 15 control monitors and a connection of 120Mb/sec.
The new structure, VMF, it should be noted is not a trading company, but encourages and guide companies through their respective trading activities.
Their goal is to see African companies (Cameroon in particular) compete with others in global financial markets.