logoBC
Yaoundé - 26 July 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

public-finance-cameroon-organizes-its-first-ever-mid-term-budget-execution-conference
On July 21, 2021, in Yaoundé, the Ministry of Finance organized a budget conference to review the execution of the 2021 budget. This conference aims to...
cameroon-to-organize-an-investors-roundtable-in-sep-2021-to-fund-the-construction-of-291-km-of-railroad
Cameroon is currently planning an investors roundtable to source financing for the construction of chemin de fer Edéa-Kribi-Campo (184.5 Km), and...
cameroon-moves-to-relaunch-the-construction-of-55-steel-bridges-in-the-10-regions
Minister of Public Works (MINTP) Emmanuel Nganou Djoumessi (photo) presided, on July 21, 2021, a videoconference aimed at reviving the project of building...
swiss-perfume-company-firmenich-commits-to-sharing-profit-generated-from-cameroonian-genetic-resources
The Swiss perfume and taste company will soon launch research works for the exploitation and commercialization of two plants located in Pimbo, Sanaga...

Mags frontpage


Business in Cameroon n101: July-August 2021

The UK makes strategic moves in Cameroon


Alamine Ousmane Mey: “8% yearly growth over 10 years is a realistic target


Investir au Cameroun n111: Juillet - Août 2021

La Grande Bretagne avance ses pions au Cameroun


Alamine Ousmane Mey : « 8% de croissance annuelle sur 10 ans est un objectif tout à fait réaliste »