Supriya Ghosh (Editor)

Douala Stock Exchange

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Industry
  
Finance

Founded
  
2001

Products
  
Stock trading services

Headquarters
  
Douala, Cameroon

Douala Stock Exchange newscameroontodaycomwpcontentuploads201009

Key people
  
Mr Pierre Ekoulé Mouangue Directeur Général

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

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 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) and SOCAPALM.

    References

    Douala Stock Exchange Wikipedia