Central African Stock Exchange : Douala, Cameroon Is Headquarters
- Par Emmanuel
- 28 sept. 2020 11:26
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The headquarters agreement was signed in a ceremony at the Ministry of External Relations in Yaounde on September 25, 2020.
Since September 25, 2020, Cameroon’s economic capital, Douala is officially the headquarters of the Central African Stock Exchange (BVMAC) following the headquarters agreement the Minister of External Relations, Lejeune Mbella Mbella signed on behalf of the government of Cameroon with the Director General of BVMAC, Jean Claude Ngbwa who signed on behalf of the regional financial market. This was in the presence of some Cameroon cabinet ministers and heads of diplomatic missions of come Central African Economic and Monetary Community (CEMAC) member States.
With a social capital of FCFA 6, 842,900,000 distributed to public enterprises and private enterprises, BVMAC has become a common and unique capital market across the six CEMAC members States, pursuant to the leaders’s decision of Heads of State Conference on October 31, 2017 to unify the financial market. With Henri Claude Oyima as the President of the Board of Directors, the vision of BVMAC is to be an essential means of financiang the projects of enterprises and a milestone for their openness, credibility and durability. The missions of the institution are to manage the computer listing system, ensure the publicity of the negotiations and the spread of stock exchange information, watch and control the stock exchange on a daily basis, provide users with the appropriate services for the listing of their stock-exchange securities and assist and guide companies in their course of animating stock exchange.
Minister Mbella Mbella who chaired the signing ceremony welcomed the officials on behalf of the Head of State, President Paul Biya and cited strides Cameroon has taken to ensure the stock exchange becomes operational. He said Cameroon was honoured by the decision of Heads of State for the BVMAC to be headquartered in Douala and expressed the country’s readiness to continue to sport the financial market as has been the case.
Speaking on behalf of the President of the Board ...
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