Douala Stock Exchange
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Douala Stock Exchange | |
Type | |
---|---|
Founded | 2001 |
Headquarters | Douala |
Key people | Mr Pierre Ekoulé Mouangue Directeur Général |
Industry | Finance |
Products | Stock trading services |
Website | http://www.douala-stock-exchange.com/ |
The Douala Stock Exchange (DSX in abbreviation) is the official market for securities in Cameroon. It is located in Douala.
[edit] 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
As of 2006, its sole listing is (SEMC).