Page 361 - Atouts Economiques Cameroun-2019-GB
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                In all cases, including when the privatisation mode calls for a or management renal contract, the book of specifications specifies the terms and references that are essential for the contract to be concluded.
The commission opens the sealed offers received in the forms and deadlines required. It evaluates them and suggests a classification to the inter ministry committee in charge of privatisation.
The privatisation operation shall be concluded with the best bidder that meets the following criteria amongst others:
n The price proposed and the incidence of the operation on State finances, employment, environment and national economy;
n Technical and financial guarantees offered for the successful follow up the privatised company.
Negotiations to conclude privatisation conven- tions are led by the commission in charge of pri- vatisation with the chosen bidder by the inter ministry committee. Privatisation conventions are signed in the name of the State and public organs by the president of the inter ministry commission.
The privatisation operations carried out had an undeniable positive macroeconomic impact: by eliminating the subsidies granted in pure loss to public enterprises (more than 200 billion FCFA per year on average at the beginning of the pro- gramme), by releasing the growth potential of cer- tain sectors and allowing the State, the CNPS and the Crédit Foncier to collect the tax contributions due by the companies concerned. Previously, they had accumulated several billion FCFA of arrears.
Besides, as a result of the privatisation pro- gramme, a few important long-delayed reforms in the framework of activities have been imple- mented through sectoral reforms in preparation for the transactions (water sector, electricity sec- tor, telecommunications sector, etc.).
But, beyond the points set out above, we should point out the negative impact by the confusion of purpose. Actually, the privatisation operation must complement the public policies, especially in the utilities sector (water, electricity, telecoms). Here expectations are very high because the state shareholder did not invest for many years to keep up with the exponential growth of demand. So we must make sure to separate, from the out- set, the objectives for greater economic effi- ciency of enterprises to be privatized and the social objectives of development, for example of poor people's access to public services (water, electricity, etc.), which a private company cannot fully support.
This clarification of the objectives would have made it possible in many cases to better choose, to formulate the partnership and to see clearly the extent of the populations' expectations.
Foreign investors have joined the privatisation programme, which began in October 1990 with a first list of companies to be privatized. Operations have evolved at a satisfactory pace, leading to the privatisation or the actual award of the concession of a number of compa- nies. You will find below the list of companies that are to be privatized.
         Social reason
Sector of activity
Social capital (in millions FCFA)
Share of State and public companies
CA by 31-12- 2011 (millions FCFA)
Privatisation policy
CDC Cameroon Development Corporation
Industrial agriculture (rubber, palm oil, banana)
15 626
22 504
4 718
Transfer of sector
SODECOTON- Cotton Development Company
Industrial agriculture(cot- ton, cotton oil)
4 529
87 000
1 780
Transfer of shares
SCDP- Cameroon Company of Petroleum Products
Hydrocarbon stocking
6 000
Transfer of shares
CAMAIR-CO Cameroon Airlines Corporation
Air transport
Transfer of shares
CAMTEL Cameroon Telecommunications
Fixed phone
50 000
50 503
2 017
Transfer of shares and concession
CAMTAINER- Transit and transport of containers company of Cameroon
Transit of container transport
Transfer of shares
            (Source CTDL)

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