Thursday, March 27, 2008

Doula stock exchange - Cameroon stock exchange

Based in Douala, the economic capital of Cameroon, port city and main point of entry to the CEMAC region, the Douala Stock Exchange is both the standard bearer of the national economic and financial community, and the result of the determination of the Cameroonian Government. The Douala Stock Exchange is a public limited company with a Board of Directors and capital of 1.8 billion francs cfa, of which 63.7% of the shares are held by private commercial banks, Credit Foncier of Cameroon and the Dutch bank FMO, 23% by public interests, and 13.3% by private insurance companies.

Operating in an economic environment which has been reformed by an ongoing restructuring of the financial system on the one hand, and a promising business climate resulting from the liberalisation of the market sector on the other, the aim of the Douala Stock Exchange is:
- To enhance and diversify the availability of finance
- To facilitate privatisation programmes and the granting of credit
- To widen the range of investment possibilities available to the public and to institutional investors
- To ensure the transparency of economic and financial information.

The ambitions of the Douala Stock Exchange are in line with the general economic development of the country: steady growth of 4% in real terms of GNP for the past 5 years, consumer price inflation of around 2%, a reduction in the current account deficit and a reduction in external debt.

1 comment:

  1. it is a good thing that a stock exchange was established in Douala. however it seems not to be operational or rather it operates in the shadows. Cameroonians and me in particular will like to hear more about its operations and most of all access its listing conditions.
    Grateful if I can get this via email to
    Thank you


You are welcomed to leave a message!

Related Posts Plugin for WordPress, Blogger...