logoBC
Yaoundé - 27 October 2021 -
Finance

CEMAC: Panafrican group Africa Bright Securities becomes an official broker on the BVMAC

CEMAC: Panafrican group Africa Bright Securities becomes an official broker on the BVMAC
  • Comments   -   Friday, 18 June 2021 13:08

(Business in Cameroon) - Officially, Panafrican group Africa Bright Securities, is, since June 15, 2021, a brokerage firm authorized to operate on the Central African Stock Exchange. The information was disclosed in a note signed that day by Dieudonné Evou Mekou, Vice-Governor of the Bank of Central African States (BEAC), which is the CEMAC region’s central bank and central securities depository.

As a brokerage firm (registered under the code 329, according to the note), Africa Bright Securities, which has a subsidiary in Cameroon, can now offer the following services: trading, financial investment, intermediaries (transmission and reception of stock exchange orders), account management, portfolio management, asset management consultancy and financial instruments’ marketing.

In 2020, it was already approved by the CEMAC financial market watchdog COSUMAF as a brokerage firm. The only approval it needed to join the official list is the one it recently obtained. Officially, it is the twelfth brokerage firm authorized to operate on the BVMAC. These include nine with headquarters in Cameroon. They are namely Afriland Bourse & Investissements S.A, Upline Securities Central Africa S.A (USCA), Attijari Securities Central Africa (ASCA), Financia capital, EDC Investment Corporation, Société sahélienne d’intermédiation financière de l’Afrique centrale (Saifac), Global Trade International Investment (GTI), Société générale – capital Securities central Africa (SG capital Cemac) and Africa Bright Securities . The remaining three are CBT Bourse (Chad), LCB Capital (Congo), and BGFI Bourse (Gabon).

Sylvain Andzongo

cameroonian-financier-louis-banga-ntolo-becomes-new-ceo-of-regional-stock-market-bvmac
At the end of a Board meeting on October 25, 2021, in Libreville, Cameroonian financier Louis Banga-Ntolo was confirmed CEO of the Central African Stock...
cameroon-and-car-join-forces-to-secure-cross-border-oil-product-deliveries
On October 21, 2021, Minister of Water and Energy Gaston Eloundou Essomba granted an audience to his Central African peer Arthur Bertrand Piri. During the...
cemac-beac-suggests-a-reform-of-legal-framework-to-spur-development-of-mobile-microcredits
In its recent report on the state of electronic payments in the CEMAC region in 2020, the Bank of Central African States (BEAC) points out that mobile...
bvmac-listed-microfinance-la-regionale-announces-10-5-yoy-growth-for-its-h1-2021-turnover
“LA Régionale”, the Cameroonian microfinance institution that entered the regional exchange market BVMAC last February, announces good performance for...

Mags frontpage


Business in Cameroon n104: October 2021

Dossier Where does Cameroon stand in international trade?


Henri-Claude Oyima : “BGFIBank Cameroon is truly one of our success stories.”


Investir au Cameroun n114: Octobre 2021

Dossier La place du Cameroun dans le commerce international


Henri-Claude Oyima : «BGFIBank Cameroun est vraiment l’une de nos success-stories.»