Central African Stock Exchange : Douala, Cameroon Is Headquarters

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 ...