HPS International Consulting, an international economic consultancy and financial lobbying firm founded in London by the Cameroonian Prosper H. Sugewe and registered in Cameroon since 2007 has just created in this country a financial rating agency called “Ewatch africa Investment Analytica S.A”.
This is what emerges from the publication made in the official journal of June 17, 2020 at the behest of Maître Pierre François-Xavier Menye Ondo, Notary at the headquarters of the Court of Appeal of Yaounde. The first rating agency with a capital of 100 million FCFA, of which the firm HPS International Consulting SA Cameroon is the majority shareholder, has as its object, directly or indirectly, in any country and more particularly on the money and financial market of Central Africa (CEMAC) the Credit Rating, the credit risk and financial solvency assessment of companies, States, a local authority (municipalities, departments, regions), financial institution or transaction financial on the money and financial market of Central Africa.
The only player in the CEMAC area in a sector, “abandoned by its promoters, by standad & Poors, Fitch and Moody’s, and eyeed by the Ivorian Bloomfield Investment corporation”, the new agency wants to establish itself as the leader on the financial market of CEMAC
As CEMAC states make increasing use of financial markets, the issue of credit risk in Central Africa is back in the news. Prosper H. Sugewe, founder of Ewatch Africa Investment Analytica, a capital lobbyist who learned his skills in finance in the City of London with large financial multinationals, stresses that the true intrinsic value of quality must be established in local currency credit from companies, a country, a local authority or a financial institution. Because the local currency is the one in which the wealth of the rated entity is defined and the one in which it creates value.
Until this first agency obtains an approval from the Central African Financial Market Supervisory Commission (COSUMAF), the CEO of HPS International Consulting SA has engaged in consultations to select experts and analysts from the financial world. internationally renowned financiers who will sit on the rating committee of Ewatch Africa Investment Analytica SA
“Rating a company or an institution financially means evaluating its solvency at a precise moment: that is to say its capacity to pay its debts and to meet its commitments for a certain time”, recalls Prosper H. Sugewe, who has at heart the immense prospects of the Central African market.
