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Financial Market : Updated 2024 Ranking of Portfolio Management Companies in CEMAC

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Asset management in Central Africa is more concentrated and dynamic than ever. The sector reached a historic milestone in 2024, fueled by double-digit growth and led by major players dominating the market

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With 345.9 billion CFA francs under management out of a total of 959.03 billion CFA francs in the sub-region as of December 31 last year, Harvest Asset Management solidifies its position as a leader in this segment , accounting for 36.08%of the market share  It is followed by Elite Capital Asset Management S.A with 181.7 billion CFA francs in assets under management, representing 18.95% of the market. Attijari Securities Central Africa Asset Management (Asca) ranks third with 100.9 billion CFA francs, accounting for 10.53% of the market share. The top 5 is completed by Corridor Asset Management and Africa Bright Asset Management, each with 69.6 billion CFA francs in assets under management and 7.26% of the market share.Société Générale Capital Asset Management Central Africa ranks sixth with 47.3 billion CFA francs in assets under management, representing 4.94% of the market share. EDC Asset Management Cemac from Ecobank is ranked seventh with 45.2 billion CFA francs in assets (4.72% of the market). L'Archer Capital Asset Management is eighth with 30.1 billion CFA francs in assets under management (3.15% of the market). Digi Capital Asset Management is ninth with 26.7 billion CFA francs under management (2.79% of the market share). Emerald Securities Services Asset Management ranks tenth with 13.4 billion CFA francs under management (1.40% of the market).The bottom of the table is completed by Kori Asset Management, ranked 11th with 13.03 billion CFA francs under management (1.36%), Enko Capital Central Africa, ranked 12th with 11.4 billion CFA francs under management (1.19%), Makeda Asset Management, ranked 13th with 1.7 billion CFA francs under management (0.19%), and finally, Financia Asset Management, ranked 16th with 1.7 billion CFA francs under management, controlling 0.18% of the market share. This rapid growth paves the way for new players, both local and foreign, drawn by promising returns and an environment that is still relatively unsaturated. For investors, whether individual or institutional, the sector's growth can lead to a more diversified range of financial products, better risk management, and a gradual democratization of stock market investment. In the long term, this dynamic could durably structure the capital markets in Central Africa, by promoting the financing of infrastructure, local businesses, and innovative projects.

 

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christelle
JESSICA CHRISTELLE KOAMBI
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