Rumours, preconceived notions, clichés, superstitions, urban legend: What is real? What is fake?
Is Gesem Forex Trading, a financial investment company is banned from operating in Cameroon?

Is Gesem Forex Trading, a financial investment company is banned from operating in Cameroon?

The answer is:
Posted On Thursday, 08 June 2017 11:10

It is said that the Cameroonian Financial Markets Commission banned all transactions with this subsidiary of the Ivorian group Gesem

A press release from the Cameroonian Financial Markets Commission (CMF), published on 02 June, advised Cameroonians to exercise more caution with regards to the company Gesem Forex Trading who launched a fundraising campaign on the Foreign Exchange Market.

A subsidiary of the Gesem Group whose headquarters are in Côte d'Ivoire, Gesem Forex Trading is a limited liability company present in the cities of Yaoundé and Douala. Since the launch of its communication operations, Gesem Forex Trading managed to register approximately 300 subscribers in the country.

However, according to CMF, even though they offer a return on investment of 25%, this company “does not offer, to date, all the guarantees of transparency and reliability required to carry out such operations”.

The independent public organisation therefore advises the general public to refer to the required approvals to engage in this kind of operations prior to any financial commitment or contract with this company.

Last modified on Thursday, 08 June 2017 11:15

Rumors

Send us your rumour to be verified by our journalists
1000 characters left