The core objective of the CADIIF is to actively and efficiently contribute, in synergy with other development proponents, to the emergence of our homeland Cameroon, in accordance with the Industrialization master plan of Cameroon.
The Vision of CADIIF is to see All the children native to Cameroon, especially those whose expertise is used today for the growth of foreign companies abroad, be operationally involved, near or far, in the development of Cameroon, our common Motherland.
Our long term objective, trough the ISI (Industrialization by Importations Substitution) economic theory, is to bring Cameroonians, in the forefront of which the Administration and its parts, to consume products of international quality, manufactured locally.
The strategic choices of The CADIIF can be summarized as follow:
- Financial Resources: Regroup more than 1000 billion CFA francs, in the form of shares to 1 million each, within the Cameroonian Diaspora in the world.
- Human Resources: Mobilize the expertise of Diaspora members, not only for the management of the CADIIF itself, but also for appointments on its strategic positions (from Service Manager to CEO or Project Director, in companies where The CADIIF is financially involved). In Cameroon, CADIIF representation will be managed by Executives from the Diaspora, familiar with the Cameroonian economic environment, mixed with young graduates (0 to 3 years of experience), ambitious and patriotic, from Cameroon’s leading schools.
- Business Model: With focus on the Industrialization by Importations Substitution theory (ISI):
o Sign with the government and with some selected companies, supply agreements over a period of 5 to 7 years, of certain manufactured products consumed in its operating budget, which local production will be financed through the selected companies, by CADIISI sub-fund,
o Sign with the government, supply agreements over a period of 5 to 7 years, of certain manufactured products consumed in its operating budget, which local production will be financed through some selected companies facing difficulties or having stopped their production, by CADIREP sub-fund,
o Finance the growth of certain companies with high potential, whose activities are consistent with the CADIIF’s objectives, through the CADIDEV sub-fund,
o Finance the take-off of certain Startups, whose activities are consistent with the CADIIF’s objectives, through the CADISTART sub-fund,
o Finance mergers/acquisitions projects of companies deemed to have high potential, through the CADITRANS sub-fund,
o Technically assist those companies where the CADIIF has been investing.
- Target: CADIFF’s sub-funds are intended to finance the take-off of the Cameroonian industry in Cameroon and, incidentally if needed, in countries where Diaspora members live.
- Management: CADIIF chooses to be an investment company, with investors as shareholders, and a board of Directors.
Indeed, given the difficulty for an « external » fund management company, to set up the prerequisites for the application of the ISI theory (studies and various analyzes on the Cameroonian economy and industry), it seems more consistent that Diaspora members, with appropriate profiles, take over the management of the CADIIF.
- Origin of financial resources: On the basis of the above objectives, CADIIF will have to respect the following criteria, for the eligibility of a subscriber to the fund:
- Can only subscribe to the fund, Cameroonians by their origin, of the Diaspora worldwide, means:
o Cameroonians living abroad at the time of subscription,
o Native to Cameroon, but with foreign nationality, living in Cameroon or having a residence in Cameroon.
o Descendants of Cameroonians of origin, living abroad or having a residence in Cameroon
- The fund will be established over the time (5 years target), from at least 1 million shares of 1 million CFA francs each,
- No individual subscriber can hold more than 10 shares (10 millions CFA francs),
- No nuclear family (Father; Mother; legally recognized children) can hold more than 100 parts (100 millions CFA francs),
- No large nuclear family (Grandfather; Grandmother; legally recognized children) can hold more than 1000 parts (1 Billion CFA francs),
- No sub-management group can hold more than 10 000 shares (10 milliards CFA francs),
- Shares are held for at least 5 years,
- The units subscribed can be mobilized within 6 months (from the date of the decision to call for the funds) from the custodian bank, partner of the CADIIF.
- Potential allocation of Resources: Except for the expenses due to the management of the fund (which will be finally decided by the board of Directors), and the payment of bank fees, the resources of CADIIF shall, in principle, be divided as follows:
o CADIISI: up to 50% of total invested funds,
o CADIREP: up to 10% of total invested funds,
o CADIDEV: from 20% to 30% of total invested funds,
o CADISTART: up to 5% of total invested funds,
o CADITRANS: up to 20% of total invested funds,
These allocation keys are indicative and will be reviewed by the Board of Directors.