Douala Stock Exchange

The Douala Stock Exchange (DSX in abbreviation) is the official market for securities in Cameroon. It is located in Douala.

Douala Stock Exchange
IndustryFinance
Founded2001
HeadquartersDouala
Key people
Mr Pierre Ekoulé Mouangue Directeur Général
ProductsStock trading services
Websitehttp://www.douala-stock-exchange.com/

History

The origin of the market in Douala began in a project sponsored by CEMAC having to do with creating stock exchanges in Gabon and Cameroon. CEMAC is the abbreviation for Economic and Monetary Community of Central Africa.

The Douala Stock Exchange was created in December 2001. The first listing was Société des eaux minérales du Cameroun (SEMC), a subsidiary of the French company Castel Group.

DSX is 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). Now it also includes Société Africaine Forestière et Agricole du Cameroun (SAFACAM) and SOCAPALM.[1]

See also

References
  1. "What is the Smallest Stock Exchange in the World?". Retrieved 2008-12-15.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.