businessincameroon.com

A strong capacity to mobilize savings reinforces the Cameroonian stock exchange in the eternal debate between the merger and the maintenance of two financial centers in the CEMAC.

Loan bond
In addition, the successful operation of the subsidiary of the World Bank bodes well for the Cameroonian government which is now preparing to launch a bond issue of 200 billion for next year.
Still, if the bond compartment appears to have very good prospects, the one dedicated to the class action is ready to take off. Despite its potential, the Douala Stock Exchange has only three companies listed after eight years of activity.
It consists of the Company of mineral waters of Cameroon (Semc), the Cameroon subsidiary of French group Castel, Society of Agriculture and Forestry Cameroon (SAFACAM), a leading agro-industrial company, and Cameroonian society of palm (SOCAPALM).
These last two companies are owned by the Bolloré group. Other companies are expected to reach soon the quota. These include the Special Fund for equipment and intervention (FEICOM), the Sugar Corporation of Cameroon (SOSUCAM) and Bank of villages.
Compared to the stock exchange in Libreville, which has not yet celebrated its first introduction, Douala is well managed. The absence of banking and financial sector generally illustrates the gap between the stock market and the economy of Cameroon, by far the largest GDP in the CEMAC zone.

Attractive challenges
To attract more underwriters and issuers, the state has initiated a number of incentives: tax reduction on the SI for a period of three years. Issuers may, if necessary, benefit from a rate of up to 10%, or a substantial reduction compared to the ordinary rate (35%). The provisions apply to unlisted companies making a public offering and who agree to exchange shares or debt to the stock exchange.
Located in the port city of Douala, Cameroon's economic capital, the DSX is a limited company with the majority of 63.7% held by ten private commercial banks, the Credit Foncier of Cameroon and FMO Netherlands. The rest is complemented by public interest (23%) and by private insurance companies (13.3%).

A.W.

Pierre Ekoulé Mouangué, artisan of the revival of DSX

If the Douala Stock Exchange was founded in 2001, it was only in 30th of June, 2006 the day to celebrate the first entry. It was some months after the appointment of Peter Ekoulé Mouangué as General Director. The former deputy director of private clients at Standard Chartered Bank of Cameroon (2000-2004) did not need a round of observation, having spent his entire career in the middle of the country's financial institutions.