CGF Gestion

What CGF Gestion does

CGF Gestion (La Compagnie Générale de Finance et de Gestion S.A) is a Dakar-based portfolio management company licensed by AMF-UMOA under number SG-003/2001 since December 5, 2001, making it the first collective fund management company established in Senegal. The firm operates a regulated platform of 22 mutual funds (Fonds Communs de Placement — FCP, FCPE, FCPR) covering diversified, bond, equity, Islamic finance (Sharia-compliant), retirement, employee savings, and risk capital categories, with 112 billion FCFA in assets under management as of June 30, 2023. Its underlying technology stack comprises a proprietary portfolio management platform with an in-house valuation engine, risk monitoring controls (VaR, volatility, position sizing, liquidity), ethical screening for Islamic finance compliance, and the CGF Access 24/7 online client portal; the firm also holds ISO 9001 certification on the BRVM regional exchange.

The company serves two principal customer segments: institutional/corporate clients — approximately 30 companies representing more than 6,700 employees for whom CGF Gestion structures and administers bespoke employee savings plans (PEE), complementary retirement plans (PER), career-end benefit outsourcing (IFC), and corporate-branded FCPs (e.g., Sonatel, BOAD, DP World, Port Autonome de Dakar, BNDE, SOTELMA, AMSA Assurance, MAZARS, AGEROUTE Senegal) — and individual/retail investors across the UEMOA zone (including diaspora and expatriate segments via FCP DIASPORA and FCP EXPAT) seeking diversified and ethical investment products. Distribution is anchored by the wholly-owned brokerage subsidiary CGF BOURSE, which acts as depositary and primary distributor, supplemented by approved third-party distributors and a secondary office in Abidjan.

CGF Gestion generates revenue primarily through recurring asset management fees levied as a percentage of AUM on its 22 funds, plus bespoke institutional mandate fees for PEE/PER/IFC outsourcing and risk capital fund (FCPR SEN FONDS) management fees. The go-to-market is sales-led and enterprise-field oriented, combining direct corporate engagement through dedicated commercial poles (individuals/associations/communities; corporate/private wealth) with event-driven visibility (Forum du Patrimoine et de l'Investissement, REMTP panel participation, Islamic finance webinars) and digital content marketing. Director General José-Félix DIE, appointed April 2, 2024, also serves as President of ASGOP (the UEMOA industry association) since June 2023, reinforcing the firm's industry leadership position.

Name

CGF Gestion

Legal name

La Compagnie Générale de Finance et de Gestion S.A

Website

https://cgfgestion.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

CGF Gestion is a Dakar-headquartered, AMF-UMOA-licensed portfolio management company managing 22 mutual funds (FCP/FCPE/FCPR) with 112 billion FCFA AUM as of mid-2023, serving both institutional/corporate clients (employee savings, retirement, IFC outsourcing) and individual/retail investors across the UEMOA zone.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Pension Funds (52511)

SIC

Investment Advice (6282)

akta.pro primary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

akta.pro secondary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

Keywords

• Asset management services
• Mutual fund management
• Employee savings plans
• Retirement fund administration
• Islamic finance funds

Headquarters

HQ city

Dakar

HQ country

Senegal

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Asset Management Fees: CGF Gestion generates revenue through management fees charged on the 22 collective investment funds (FCP) under administration, with assets under management of 112 billion FCFA as of 30 June 2023. Fees are levied as a percentage of assets under management, typical for open-ended fund managers.
2. Employee Savings & Retirement Plans: Bespoke employee savings (PEE/PER) and career-end benefit (IFC) outsourcing solutions for corporate clients, generating recurring management fees from institutional mandates covering more than 6,700 employees across approximately 30 companies.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

CGF Gestion is a regulated portfolio management company that manages 22 collective investment funds (mutual funds FCP, employee savings funds FCPE, and risk funds FCPR) under AMF-UMOA license SG-003/2001 since 2001. The company offers diversified, bond, equity, retirement, and Sharia-compliant Islamic finance funds to individual and institutional investors, plus bespoke employee savings plans (PEE), pension savings plans (PER), career-end indemnity outsourcing (IFC), and corporate funds for clients such as Sonatel, BOAD, DP World Dakar, and SOTELMA.

Product overview

CGF Gestion is a portfolio management company operating as a platform of 22+ mutual funds (Fonds Communs de Placement - FCP/FCPE/FCPR) managed under AMF-UMOA regulation since 2001. The product portfolio includes: (1) Public mutual funds for individual investors covering equities (FCP Placement Croissance), diversified (FCP Placement Quiétude, FCP Liquidité-Optimum), and retirement (FCP Capital Retraite, FCP Rente Perpétuelle); (2) Sharia-compliant Islamic finance funds (FCP SALAM CI, FCP AL BARAKA 2) investing in sukuks and selected shares; (3) Corporate employee savings and retirement funds (FCPCR SONATEL, FCPE SINI GNESIGUI, FCPE DP WORLD DAKAR, FCP WALO, FCP DJOLOF, FCP BNDE VALEURS, FCP IFC-BOAD, FCP POSTEFINANCES HORIZON, FCP PLACEMENT AVANTAGE); (4) Specialized thematic funds (FCP ACTIONS PHARMACIE); (5) Risk Capital Funds (FCPR SEN FONDS) for strategic unlisted investments; (6) Retirement and employee savings plan products (PER, PEE); (7) Career end indemnity outsourcing services (IFC); and (8) CGF Access digital platform for 24/7 account access. The company also provides administrative management, financial analysis, periodic valuation, regulatory reporting, and cash management services.

Differentiator

Problem solved

Functional benefit

Brands

• FCP SALAM CI: Islamic finance compliant mutual fund composed of stocks and sukuks, approved by AMF-UMOA under number FCP/2016-06. Previously known as FCP AL BARAKA.
• FCP AL BARAKA
• FCP AL BARAKA 2
• CGF Access
• FCPR SEN FONDS

Products and services

• FCP PLACEMENT CROISSANCE Equity-tilted diversified mutual fund with a strategy of 70% maximum in equities, 30% minimum in bonds and money market instruments, and 20% maximum in liquidity. Daily valuation with a 5-year recommended investment horizon, designed for individual investors seeking capital growth through UEMOA equities.
• FCP PLACEMENT QUIETUDE Conservative diversified mutual fund with strategy of 10% maximum in equities, 70% minimum in bonds and money market instruments, and 20% maximum in liquidity, with daily valuation for individual investors seeking capital preservation.
• FCP PLACEMENT AVANTAGE (AVANTAGE AKWABA) Employee savings plan (PEE) fund with strategy of 30% maximum in equities, designed to support corporate employee savings schemes.
• FCP LIQUIDITE-OPTIMUM Diversified mutual fund with strategy of 70% minimum in bonds and money market instruments and daily valuation, designed for individual investors seeking liquidity and conservative yield.
• FCP SALAM CI Sharia-compliant mutual fund approved by AMF-UMOA under number FCP/2016-06, composed of rigorously selected shares and sukuks according to Islamic finance rules, with daily valuation, designed for individual and institutional investors seeking ethical Halal investments.
• FCP AL BARAKA 2 Sharia-compliant mutual fund designed for ethical investors, with strategy of 70% maximum in equities screened according to Islamic finance principles.
• FCP CAPITAL RETRAITE Retirement-focused mutual fund with strategy of 40% maximum in equities and weekly valuation published every Wednesday for individual retirement savings.
• FCP RENTE PERPETUELLE Mutual fund with weekly valuation published every Wednesday, designed to provide a steady income stream for individual investors.
• FCP DIASPORA Mutual fund designed specifically for diaspora investors seeking to invest in UEMOA securities, with weekly valuation published every Tuesday.
• FCP EXPAT Bond-focused mutual fund with strategy of 30% maximum in equities and 70% maximum in bonds and money market instruments, with weekly valuation published every Thursday, targeted at expatriate investors in the UEMOA zone.
• FCP ACTIONS PHARMACIE Sector-specific mutual fund promoted by the Ordre des Pharmaciens, focused on pharmacy-sector investments.
• FCPR SEN FONDS First Risk Capital Fund (Fonds Commun de Placement à Risque) offered by CGF Gestion, giving qualified investors exposure to strategic projects (PPPs in energy, transport, health, infrastructure) and unlisted companies with strategic profiles.
• FCPCR SONATEL Diversified employee mutual fund for Sonatel Group Senegal employees under a supplementary retirement scheme, with strategy of 45-65% in equities (90% minimum in Sonatel shares) and 55% minimum in bonds and money market instruments.
• FCPE SINI GNESIGUI Employee mutual fund for SOTELMA (Société de Télécom du Mali) employees and former employees under supplementary retirement, with weekly valuation published every Wednesday.
• FCPE DP WORLD DAKAR Employee mutual fund for DP World Dakar employees under a supplementary retirement scheme.
• FCPE FORCE PAD Employee mutual fund for Port Autonome de Dakar (PAD) employees under a supplementary retirement scheme.
• FCP BNDE VALEURS Corporate mutual fund in partnership with BNDE (Banque Nationale pour le Développement Economique) for employee savings and retirement.
• FCP IFC-BOAD Mutual fund dedicated exclusively to BOAD (West African Development Bank) employees for managing career-end benefits, approved by AMF-UMOA under FCP/2017-11, with original share value of 100,000 FCFA and weekly valuation.
• FCP POSTEFINANCES HORIZON Corporate mutual fund in partnership with POSTEFINANCES, with strategy of 50% maximum in equities and similar securities.
• FCP WALO Employee mutual fund for Walo (AMSA Assurance subsidiary) employees under supplementary retirement, with strategy of 60% maximum in equities.
• FCP DJOLOF Employee mutual fund promoted by AMSA Assurance for supplementary retirement.
• FCP ASSUR SENEGAL Mutual fund dedicated to insurance sector employees in Senegal, with original share value of 1,000,000 FCFA.
• Plan Épargne Retraite (PER) Retirement savings plan product enabling employees of approximately 30 corporate clients to prepare for retirement through CGF Gestion-managed vehicles.
• Plan Épargne Entreprise (PEE) Employee savings plan product enabling companies and employees to save collectively through CGF Gestion-managed funds.
• Externalisation des Indemnités de Fin de Carrière (IFC) Outsourcing service for career-end indemnities covering retirement, employer-liable dismissal, and employee death; uses the prospective actuarial method (Projected Unit Crédit Cost) to build a dedicated fund for future payments.
• CGF Access Secure 24/7 online platform providing direct account access for CGF Gestion clients to monitor and manage their employee savings and retirement investments.

Quantifiable outcome

• 686.54% cumulative return on FCPCR SONATEL since launch
• +5 more outcomes

Named customers12 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• CGF BOURSEcoreChannel Partner/ Reseller/ DistributorCGF BOURSE is the affiliated brokerage firm that acts as depositary, primary distributor, and subscription/redemption agent for CGF Gestion's fund products. Located at the same address as CGF Gestion in Dakar, it is a wholly-aligned entity within the CGF group ecosystem.
• KPMG Audit (Cabinet KPMG)coreOthersKPMG Audit serves as the appointed statutory auditor (titulaire) for multiple CGF Gestion funds, including FCP Placement Croissance and FCP LIQUIDITE-OPTIMUM. Located at 83 boulevard de la République, BP 2395 Dakar, Senegal.
• MAZARS SenegalcoreOthersMAZARS Senegal serves as the supplementary (suppléant) statutory auditor for multiple CGF Gestion funds (e.g., FCP Placement Croissance, FCP LIQUIDITE-OPTIMUM, FCP SALAM CI) and also as the primary auditor for certain funds. Located at 14 boulevard Djily MBAYE, BP 22 440 Dakar, Senegal.
• BOAD (Banque Ouest Africaine de Développement)coreStrategic or Co-development PartnerBOAD partnered with CGF Gestion to create the FCP IFC-BOAD, a dedicated fund for managing career-end benefits (indemnités de fin de carrière) of BOAD employees. The fund is approved by AMF-UMOA under number FCP/2017-11.
• SonatelcoreStrategic or Co-development PartnerSonatel was the founding partner for CGF Gestion's first mandate in 2001: FCPCR SONATEL, a complementary retirement fund for Sonatel employees. This partnership established CGF Gestion as a pioneer in employee savings in Senegal and remains one of its flagship mandates.
• DP World DakarmajorStrategic or Co-development PartnerDP World Dakar partnered with CGF Gestion to create the FCPE DP World Dakar employee savings fund (FCP/2016-02), managed under the CGF framework.
• SOTELMAmajorStrategic or Co-development PartnerSOTELMA partnered with CGF Gestion and CGF BOURSE to create the FCPE SINI GNESIGUI employee savings fund for SOTELMA employees in Mali.
• Port Autonome de Dakar (PAD)majorStrategic or Co-development PartnerPAD partnered with CGF Gestion and CGF BOURSE to create the FCPE FORCE PAD employee savings fund for PAD employees.
• BNDE (Banque Nationale pour le Développement Economique)majorStrategic or Co-development PartnerBNDE partnered with CGF Gestion and CGF BOURSE to create the FCP BNDE VALEURS fund.
• POSTEFINANCESmajorStrategic or Co-development PartnerPOSTEFINANCES partnered with CGF Gestion and CGF BOURSE to create the FCP POSTEFINANCES HORIZON fund, following an earlier FCP POStefinance product.
• Assur SenegalmajorStrategic or Co-development PartnerAssur Senegal partnered with CGF Gestion to create the FCP ASSUR SENEGAL fund, with an initial NAV of 1,000,000 FCFA.
• AMSA AssurancemajorStrategic or Co-development PartnerAMSA Assurance partnered with CGF Gestion to create the FCP DJOLOF insurance-linked fund and FCP WALO.
• Ordre des PharmaciensminorStrategic or Co-development PartnerOrdre des Pharmaciens is the promoter of the FCP ACTIONS PHARMACIE sectoral fund managed by CGF Gestion.
• CGF Access PlatformcoreTechnology or IntegrationCGF Access is the proprietary 24/7 online platform enabling CGF Gestion clients to securely access and monitor their investment accounts.
• UMOA-TitresmajorStrategic or Co-development PartnerUMOA-Titres organizes the Rencontres du Marché des Titres Publics (REMTP), an annual industry conference for public securities market actors in the UEMOA zone. CGF Gestion participates as a panelist and expert contributor.
• IMPAXIS (Depositary)coreOthersIMPAXIS acts as the appointed depositary for the FCPE FORCE PAD fund (Sacrée cœur 3 extension VDN n°10077), providing custodial and asset safekeeping services.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Others

• African Development Bank (AfDB): Continental development bank headquartered in Abidjan, active in UEMOA bond markets and capital market development. Less a direct competitor but a key capital market participant shaping investment opportunities for CGF Gestion.
• CGF Bourse: Affiliated brokerage firm co-located at CGF Gestion's Dakar headquarters, acting as depositary and primary distributor for CGF Gestion's funds. Sister entity within the same CGF group ecosystem.
• UMOA-Titres: Regional agency of the BCEAO organizing UEMOA public securities markets, including the annual Rencontres du Marché des Titres Publics where CGF Gestion participates. Indirect comparator shaping the operational environment for UEMOA asset managers.
• BOAD (Banque Ouest Africaine de Développement): West African Development Bank headquartered in Lomé, Togo. Both a long-standing CGF Gestion client (FCP IFC-BOAD mandate) and a regional institutional investor/issuer whose bond market activity shapes CGF Gestion's investment universe.

Direct peers

• NSIA Asset Management: Asset management arm of pan-African insurance and financial group NSIA, headquartered in Côte d'Ivoire. Operates UEMOA-wide mutual funds and employee savings schemes, directly comparable to CGF Gestion's product mix and regional focus.
• Coris Asset Management: Asset management subsidiary of Coris Bank Group in Burkina Faso, operating OPCVM-style mutual funds in the UEMOA zone. Directly comparable to CGF Gestion in business model, regulatory regime (AMF-UMOA), and target corporate/retail clients across West Africa.

Broad incumbents

• Oragroup: Pan-African banking group with presence in 12 UEMOA/CEMAC countries offering corporate banking, asset management, and brokerage services. A broader incumbent that competes for the same corporate and institutional clients CGF Gestion targets.
• Ashmore Group: London-listed emerging-market fund manager with dedicated African and frontier-markets strategies. A broad incumbent offering institutional investors alternative exposure to UEMOA and West African assets, competing for the same pool of regional mandates.
• Société Générale Asset Management: Global asset manager with established African and UEMOA presence, offering broader product suite and balance sheet. Overlaps with CGF Gestion in UEMOA corporate savings and institutional mandates, but operates at much larger scale.
• Standard Chartered Bank Africa: International bank with significant African wealth and asset management operations. Competes for institutional and corporate mandates in UEMOA, with broader product range and balance sheet than CGF Gestion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/cgf-gestion
• Xx.com/cgfgestion

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CGF Gestion