The National Social Insurance Fund (CNPS) is about to take a stake in the capital of the Eranove group, which operates in several areas, including electricity and water. The information comes from the Africa Intelligence newsletter of December 9, 2020

In its role as a pension fund, CNPS, with 777 billion CFA francs in its financial portfolio, could in fact acquire 12% of the shares in this group. This information follows the statement of the director general of CNPS, Denis Charles Kouassi, who announced an investment of 2,000 billion CFA francs in the economy during a forum on Caisse de Dépôts et de Consignation organized in Abidjan. “We place these surpluses on the financial market with the rules of safety and profitability,” said the first head of the National Fund

A leader in electricity production in West Africa, through its subsidiary Ciprel, the Eranove group could further increase its activities, which already extend to Gabon and Madagascar. This is thanks to this participation.