logoBC
Yaoundé - 29 March 2024 -
Finance

CEMAC: Financial market commission COSUMAF initiates investors’ week to boost investment culture in the region

CEMAC: Financial market commission COSUMAF initiates investors’ week to boost investment culture in the region
  • Comments   -   Friday, 08 October 2021 12:00

(Business in Cameroon) - From October 12 to 14, in Douala, the Central African Financial Market Oversight Commission (COSUMAF) will organize a workshop in the framework of the World Investor Week, a global event aimed at promoting financial literacy and investor protection. 

The World Investor Week is an opportunity to promote the various initiatives and remind investors of some key good investment habits. The aim is to inform the general public to help them understand financial concepts and better protect them,” explains Nagoum Yamassoum, chairman of the COSUMAF.  

According to the latter, the theme retained for the first edition in Cameroon follows the guidelines issued by the International Organization of Securities Commissions (IOSCO). This theme is: “L’éducation boursière et la protection de l’investisseur à l’ère de la digitalisation des instruments financiers” (Investor education and protection in the era of digitalized financial instruments).

According to the executive, in the CEMAC Zone, this week could boost the mobilization of domestic savings and raise potential and experienced investors’ awareness in an environment marked by the arrival of new financial instruments and funding mechanisms like cryptocurrency and crowdfunding. 

Currently, in the CEMAC region, the stock investment culture is still poor. Faced with that fact, in October 2019, the management board of the Central African Stock Exchange (BVMAC) asked the Managing director to take every possible measure to stimulate the market by notably taking part in state companies’ asset disposals organized by members of the CEMAC zone (Cameroon, the Central African Republic, Congo, Gabon, Equatorial Guinea, and Chad). 

S.A.

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »