Douala Stock Exchange
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The Douala Stock Exchange (DSX in abbreviation) was the official market for
securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
in
Cameroon Cameroon, officially the Republic of Cameroon, is a country in Central Africa. It shares boundaries with Nigeria to the west and north, Chad to the northeast, the Central African Republic to the east, and Equatorial Guinea, Gabon, and the R ...
, located in
Douala Douala is the largest city in Cameroon and its economic capital. It is also the capital of Cameroon's Littoral Region (Cameroon), Littoral Region. It was home to Central Africa's largest port, now being replaced by Kribi port. It has the country ...
. In 2019 it was absorbed by the (, BVMAC) which on that occasion relocated from
Libreville Libreville (; ) is the capital and largest city of Gabon, located on the Gabon Estuary. Libreville occupies of the northwestern province of Estuaire Province, Estuaire. Libreville is also a port on the Gabon Estuary, near the Gulf of Guinea. A ...
to Douala.


History

The origin of the market in Douala began in a project sponsored by
CEMAC The Economic and Monetary Community of Central Africa, generally referred to by its French acronym CEMAC (for Communauté Économique et Monétaire de l'Afrique Centrale; ), is an organization of states of Central Africa established by Cameroon, C ...
having to do with creating
stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
s in
Gabon Gabon ( ; ), officially the Gabonese Republic (), is a country on the Atlantic coast of Central Africa, on the equator, bordered by Equatorial Guinea to the northwest, Cameroon to the north, the Republic of the Congo to the east and south, and ...
and Cameroon. CEMAC is the abbreviation for
Economic and Monetary Community of Central Africa The Economic and Monetary Community of Central Africa, generally referred to by its French acronym CEMAC (for Communauté Économique et Monétaire de l'Afrique Centrale; ), is an organization of states of Central Africa established by Cameroon, C ...
. The Douala Stock Exchange was created in December 2001. The first listing was (SEMC), a subsidiary of the French company
Castel Group Castel Group (French Groupe Castel) is a French beverage company. It was established in 1949 by Pierre Castel, who continues to run the company as a family-owned concern. Castel is the largest French wine producer and owns the biggest French and ...
. DSX was owned by Association professionnelle des établissements de crédit du Cameroun (APECCAM), (Credit Association of Cameroon); by Cameroonian corporate interests; and by the government. It is similarly governed: Administration Board: * APECCAM : 7 seats * Corporate : 2 seats * Government : 1 seat * Other : 1 seat Until 2006, the sole listing was SEMC. Later it also included Société Africaine Forestière et Agricole du Cameroun (SAFACAM) and .


See also

*
Economy of Cameroon The economy of Cameroon was one of the most prosperous in Africa for a quarter of a century after independence. The drop in commodity prices for its principal exports – petroleum, Cocoa bean, cocoa, coffee, and cotton – in the mid-1980s, co ...
*
Central African Financial Market Supervisory Commission The Central African Financial Market Supervisory Commission (, COSUMAF) is a supranational markets regulator established in 2019 and based in Libreville, Gabon. It is the single securities authority for the six countries of the Economic and Mone ...
*
List of African stock exchanges There are 38 exchanges in Africa, representing 29 nations' capital markets. 22 of the 38 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*). The Egy ...


References


External links

* Economy of Cameroon Financial services companies of Cameroon Stock exchanges in Africa Companies based in Douala Buildings and structures in Douala Financial services companies established in 2001 2001 establishments in Cameroon {{Cameroon-stub