The Douala Stock Exchange (DSX in abbreviation) is 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 (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west-central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; the ...
. It is located in
Douala
Douala is the largest city in Cameroon and its economic capital. It is also the capital of Cameroon's Littoral Region. Home to Central Africa's largest port and its major international airport, Douala International Airport (DLA), it is the com ...
.
History
The origin of the market in Douala began in a project sponsored by
CEMAC 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 t ...
s in
Gabon
Gabon (; ; snq, Ngabu), officially the Gabonese Republic (french: République gabonaise), is a country on the west coast of Central Africa. Located on the equator, it is bordered by Equatorial Guinea to the northwest, Cameroon to the nort ...
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 (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 .
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, coffee, and cotton – in the mid-1980s, combined with ...
*
List of African stock exchanges
There are 29 exchanges in Africa, representing 38 nations' capital markets.
21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).
The Eg ...
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
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