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Cameroon

Advans Cameroun

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CHALLENGE

Advans Cameroun (a subsidiary of the Advans network) is a microfinance company that provides financial services, in the form of loans of up to CFAF 15 million, to individuals and small and medium-sized enterprises in the formal and informal sectors.

As an international group, the Advans network has subsidiaries throughout the world. Advans identified a need and a market for professional microfinance services in Cameroon, but was confronted with the need in the market for management positions.

SOLUTION

Advans had already worked with AMSCO in other parts of Africa and approached AMSCO to help set up operations in Cameroon in 2007. AMSCO seconded technical experts, namely the CEO, the CFO and other senior managers to occupy key positions at Advans Cameroun.
IMPACT
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Billion CFA F

Turnover generated in 2016
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Employees

Employees
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Cities

Cities covered.
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Billion CFA F

Credit portfolio excess

 

  • Currently, Advans Cameroun is present in 8 cities across the country and has 500 employees.
  • Over a period of three years, all AMSCO international experts seconded to Advans Cameroun trained local staff and transferred the knowledge required for them to resume their key management functions.
  • The company uses the latest banking systems and, a few years ago, launched mobile banking solutions for its customers.
  • The size of Advans’ credit portfolio is in excess of CFA 17 billion for the financing of micro, small and medium enterprises in Cameroon. This is impressive and highlights the impact Advans has had in Cameroon, where micro and small businesses have always struggled to access financing from traditional financial institutions.
  • After only 4 years of operation, the company is profitable. In 2016, Advans Cameroun generated a turnover of 5.7 billion CFA francs and made a profit of 7 million CFA francs. This also resulted in corporate taxes estimated at CFAF 30 million which were paid to the Cameroonian government.
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Martial as IT Manager is responsible for deploying, managing, and maintaining IT systems, services, and capabilities to best meet the changing needs of the Group. Prior joining AMSCO Group, Martial brings in 10 years’ experience as Information Technology professional with supervisory roles.

He has an extensive background as System Administrator and Head of IT Infrastructure in telecoms, FMCG and agribusiness multinational companies. His expertise includes, but is not limited to, Networks and Sytems Administration, Cloud technologies, Business Analysis, IT Project Management and  IT Audit. He graduated Master of Engineering in Information Technology and is certified ITIL Foundation in IT Services Management.

Lomiah Nhongo has a wealth of experience in project/programme management, maximizing an organization’s communications, resource deployment and managing stakeholder relationships thus improving service delivery and achieving company objectives.

In her current capacity as Country Managing Director-Zambia, her aspiration is to drive company strategy to fulfil the vision of AMSCO Advisory Services Zambia Ltd at becoming the leading authority in Human Resource Advisory in Zambia by 2021. She holds an MBA from Webster University, London and a BBA from University of Wisconsin-Madison.

Zanele Radebe is an experienced Human Resources Professional with over 10 years’ multinational experience.

In her capacity as HR Business Partner, she is responsible for developing and implementing the organisation’s People Strategy, Policies & Procedures, end to end recruitment and overall Group HR Management. Zanele holds a Diploma in Human Resources Management from IIE, Certification in Labour Relations Management from WITS, Hiring Principles from the UNISA, Cost & Management Accounting from IAC and Payroll Administration from SAGE. She’s a member of the Institute of People Management (IPM).

Tumelo is an accomplished admitted attorney with 10 years post-qualification experience, with  a robust legal background and a dynamic skill set. Her professional journey has been marked by diverse experiences, both in-house and private practice, where she served a wide range of corporate and commercial clients. Her areas of specialty encompass drafting and interpretation of commercial agreements, the crafting of incisive legal opinions, the management of both cross-border and local transactions, Compliance and Corporate governance. Furthermore, her competencies extend to company secretarial duties and commercial litigation, ensuring a comprehensive legal service offering.

Prior to joining AMSCO, Tumelo worked in the Financial Services and Capital market space as Legal council: Transact manager and compliance officer.

Tumelo holds an LLB degree, complemented by a Postgraduate Diploma in Contract Drafting and Interpretation from the University of Johannesburg and a Postgraduate Certificate in Banking and Finance at Wits University.

Her current role at AMSCO is Group Legal and Risk Manager which role involves contributing to strategic decision-making, providing legal and operational advice and support to the Group and its subsidiaries, coordinating initiatives within  ExCO, as well as provide corporate governance and company secretarial support.

Richard Barasa joined AMSCO as an Accountant and rose to the role of Finance Manager in charge of the finance department. He is an experienced professional in accounting and financial management.

As Head of Finance he is in charge of aligning financial initiatives to achieve strategic objectives of the organisation by developing and implementing financial processes and controls, analysis and reporting and business decisions support. He is also in charge of managing the ATMS Foundation and development programmes audits. Richard is a Certified Public Accountant (CPA).

Yves Alain Epangue was previously the Managing Director for Francophone Africa, prior to being appointed AMSCO Group CEO. He has a wealth of experience in managing profit centers, cross-functional teams and multi-country operations.

Over the past 20 years, he has held various management and leadership positions within international companies across Africa, in highly competitive industries and business environments. He holds a Post-graduate degree (PhD cycle) in Management and International Business from ESSEC Business School in Douala and HEC Montréal, a Bachelor’s Degree in Economics, as well as a Leadership Diploma from Indian School of Business.