(Business in Cameroon) - The mobile telecommunications operators operating in Cameroon could have to introduce shares equivalent to 25% of their capital on Douala stock exchange. This is recommended in a report titled "Facilité élargie de crédit 2018-2020: comment réussir la mise en œuvre ?" (how to successfully implement the Extended Credit Facility 2018-2020) published by CAMERCAP, Cameroon’s government think tank for research on economic and social policies.

According to the think tank, Cameroon should inspire from Tanzania to prepare Douala Stock Exchange (DSX) for integration within CEMAC. In that country indeed, the government required all the mobile telecommunication operators to release 25% of their capital on the stock exchange.

By doing so, DSX  will have at least ten tradeable securities. The country will also add some large companies to this group, CAMERCAP added.  

It also notes the low activity in the sector and informs that only Cameroon is moving toward stock exchange integration with important assets (three equities worth CFA147.6 billion and five bonds worth CFA272.9 billion) worth CFA420.585 billion. It is followed by Gabon.

Let’s remind that by June 30, 2019, the Central African Stock Exchange based in Gabon and Douala Stock Exchange based in Douala Cameroon should merge. The headquarters of the regional stock exchange will then be moved from Libreville, Gabon to Douala, Cameroon. In the same way, the headquarters of CEMAC’s tender board will be moved from Douala to Libreville.

Sylvain Andzongo