“(Business in Cameroon) - The Douala Stock Exchange’s aspirations depend on Cameroon’s economic performance (…) The Douala Stock Exchange functions in accordance with international norms and intends to be a vehicle for growth by participating in local financial development while remaining open to the world.” These were the remarks made by Pierre Ekoule Mouangue, the Managing Director of the DSX in 2006. Eight years later, each can come to his or her own conclusion: the mission is far from accomplished.   

Eight years. That is how long Pierre Ekoule Mouangue has been head of the DSX. At 49, he officially assumed his post on 12^th July 2005, during a ceremony presided over in Yaoundé by Polycarpe Abah Abah, then Minister of Economy and Finance (Minefi). Contacted several times during the preparation of this edition to define his plans for resuscitating the DSX, evaluate DSX’s activities and respond to the recent FMC sanctions, Pierre Ekoule Mouangue preferred to remain silent, refusing to comment on anything at all.

The current Managing Director is purely a bank product. Indeed, Pierre Ekoule Mouangue started his long career in banking in 1990. That year, he was promptly promoted to head of human resources for the former Méridien Biao Bank, Cameroon. He would hold this post until 1992. In 1994, he joined Standard Chartered Bank. For six years, he acted as Secretary General assuming the posts of Human Resources Director, Chief Administrator, Board Secretary and secretary at shareholder general assemblies. Born on 5^th July 1964 in Douala, the Managing Director holds a post-graduate degree (DESS) in specialised higher studies with a concentration in Management from Institut d’administration des entreprises (IAE) earned at Université de Bordeaux I, in France, and a Masters in Economic and Social Administration at Université Paris I, Sorbonne.

Hervé B. Endong