Douala Stock Exchange
Encyclopedia
The Douala Stock Exchange (DSX in abbreviation) is the official market for securities in Cameroon
. It is located in Douala
.
s 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 APECCAM, (the Credit Association of Cameroon); by Cameroonian corporate interests; and by the government. It is similarly governed:
Administration Board:
Until 2006, its sole listing was (SEMC). Now it also includes Société Africaine Forestière et Agricole du Cameroun (SAFACAM).
The Gambian Banker
Cameroon
Cameroon, officially the Republic of Cameroon , is a country in west Central Africa. It is bordered by Nigeria to the west; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon, and the Republic of the Congo to the south. Cameroon's coastline lies on the...
. It is located in Douala
Douala
Douala is the largest city in Cameroon and the capital of Cameroon's Littoral Province. Home to Cameroon's largest port and its major international airport, Douala International Airport, it is the commercial capital of the country...
.
History
The origin of the market in Douala began in a project sponsored by CEMAC having to do with creating stock exchangeStock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
s in Gabon
Gabon
Gabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...
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 APECCAM, (the 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, its sole listing was (SEMC). Now it also includes Société Africaine Forestière et Agricole du Cameroun (SAFACAM).
External links
The Gambian Banker