That’s it: the fusion Gicam-Ecam will be done as desired by Célestin Tawamba, the president of the Inter-employer group of Cameroon (Gicam). At the end of the General Assembly held on July 11, 2023 in Douala, out of the 329 members present, 241 voted for the project carried by its president, 86 voted against and two invalid ballots were recorded. The organizers estimate the number of members who took part in the work at 73%. Suddenly, the quorum was reached. And the resolutions taken validated.
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This is a first victory for Celestin Tawamba. Even if the boss of Gicam refuses the triumph and believes that no one has won and no one has lost. The time has come to calm, for those who have alienated a good part of their members opposed to this merger with Cameroon Companies (Ecam) of Protais Ayangma. Already, the day before the Extraordinary General Assembly, justice had marked out the way for Tawamba by dismissing the five procedures initiated by four dissidents, including Emmanuel Waffo et Severin Tchounkeu. The first related to the annulment of the Merger Treaty before the Wouri High Court. It was adjourned to August 14, 2023. The second, still before the same court, personally targeted Tawamba and Ayangma, to whom the plaintiffs make ” injunction to refrain from taking any action whatsoever, tending to the realization of the merger “. It was also adjourned to August 14, 2023. The 3rd before the judge in chambers of the Court of First Instance of Douala-Bonanjo and requested the replacement of the merger auditor. The judge said ” incompetent to rule at the risk of prejudice to the merits“. Especially since the reports on which the plaintiff relied are the subject of another procedure, for nullity. The 4th procedure pending before the same judge, aimed at the suspension of the EGM was postponed to the next day, i.e. to July 11, ” for the conclusions of the council of the president of Gicam“. During this time, preparations for the Extraordinary General Meeting were being refined. Finally, the 5th brought by The New Phrase, asked for the postponement of the said meeting. It was finally returned, at the request of the plaintiff himself.
The rest should be played out in court, as nothing is over yet. In the event that one of the four procedures brought by Emmanuel Waffo prospers, and in particular that relating to the cancellation of the merger agreement, things should be brought back to ground zero. The strong abstention, even if it did not affect the quorum, is a sign. Lines can move in either direction.
