The Douala Stock Exchange DSX is the Stock Exchange of Cameroon. The DSX is the sole agent licensed to trade in and to sell to the public, stock, shares, bonds and other investment products.
Based in Douala, the economic capital of Cameroon, port city and main point of entry to the CEMAC region, the Douala Stock Exchange is both the standard bearer of the national economic and financial community, and the result of the determination of the Cameroonian Government.
DSX : Douala Stock Exchange
The Douala Stock Exchange is a public limited company with a Board of Directors and capital of 1. Douala Stock Exchange ended its trading session on 16 April In terms of appearance, no transaction has been recorded. Market capitalization stood at CFA F For the bond market "MOABI IFC 4. No title has been the subject of transactions. The bond market capitalization stood at CFA Negotiable government stocks and securities are loan notes or debt instruments held against, or guaranteed by, the State.
Negotiable government stocks and securities are issued by the State of Cameroon. Ordinary treasury bonds are defined as loan notes or debt instruments issued by the State to credit establishments and insurance companies: These interest payments are paid quarterly;. The role of the Douala Stock Exchange in the negotiation of government stocks and securities.
Douala Stock Exchange is responsible for the organization and monitoring of the secondary market in treasury bonds, which are quoted in the unlisted securities division. In this capacity, the DSX assures the prerogatives of the following:.
Organisation of the market: The scope of these arrangements concerns every person wishing to carry out a negotiation of Zero Coupon Treasury Bonds at the Douala Stock Exchange, whether sale or purchase, both on his or her own account or on behalf of a third party mandate permitting.
The negotiation of transactions: Adjudications of zero coupon treasury bonds are carried out by means of a call for bids published in the official Bulletin of the DSX et displayed within its premises.
Each adjudication puts into competition all those who wish to purchase or sell bonds and who make an offer which conforms to laws and regulations in force. Potential buyers or sellers must confirm their transaction at the DOUALA STOCK EXCHANGE.
Each bidder whose offer is accepted will buy or sell the securities at the bid price expressed as a nominal percentage of the face value of the securities At the date of adjudication, the orders will be awarded at the price proposed by the adjudicators: In the interests of transparency, the results of the adjudication will be published in the official Bulletin of the Douala Stock Exchange.
The following information will be communicated: The Douala Stock Exchange shall monitor all transactions carried out by authorized dealers, whether they be acting on their own account or on behalf of others. There are three categories of imported products: However, every import must be controlled before its loading. This control relates to quality, quantity and price A reform has been carried out in order to facilitate inter-zone export and import and to create a custom barrier which is harmonised for the entire UDEAC zone.
However, special tax systems can also be applied for instance: The railway transport network extends over a distance of 1, km of railway lines.
Cameroon Stock Exchange
There are two principal railway lines: Douala - Nkongsamba and Douala - Yaounde km separating these two cities. The Port of Douala is the main port of Cameroon 40 foreign stalls ensure the connection with other ports of the world.
The South African Bureau of Standards SABS is the institution responsible for developing the activities of standardisation and certification. It works in collaboration with international organisations such as ISO and IEC.
It is strongly advised to contact SABS to ensure that the technical obligations required to market a product in South Africa are fulfilled.
Cameroon has signed an agreement at the time of the establishment of the World Organisation of Intellectual Property WIPO. Market in Douala still does not have that much requests for quotations from companies operating in Cameroon. Indifference, doubt and drastic conditions of entry are the causes of this situation. Banking policy, densification of the insurance market The Cameroonian Government in recent years has decided to work for a better financing of the economy.
One of the ways required to achieve the emergence announced in hue and dia One of the ways of funding this economy is undoubtedly the existence of a thriving stock market. It is unfortunately still a target for the authorities in Yaounde.
However, by creating in the Douala Stock Exchange DSX , they had in mind to boost the local financial sector. The State of Cameroon has certainly raised significant funds on the stock market billion CFA francs , but the fact remains that the DSX soon reach cruising speed.
Since its inception, the DSX tramples with only one quoted value, the Society of Mineral Waters SEMC , a subsidiary of French group Castel beer and a quotation per week.
Six years later, the situation is not any better. Only three companies are listed. The Cameroonian Society of palm SOCAPALM which joined in for a capital increase by public offering. The harvest is insignificant in comparison of the Cameroon Economy. No less than four employers organizations, however jostle by making permanent hires. This year , the Minister of Labour and Social Security, Gregoire Owona, on a working visit to Douala, noted the increase in the portfolio companies members of the Inter -Management Group of Cameroon GICAM , the most representative employers the country.
Foreign Retailers Obviously, one of the reasons to the insignificant number of companies listed on the DSX is an opportunity that does not lend itself. This is what probably explains why the company Germano -Swiss law ACCANTUM , specialized in soft power reserves to go public in Cameroon , while it operates a large commercial offensive in Africa since the beginning of this year.
Concerning most of international brands, with subsidiaries in Cameroon, Cameroonian economist Abissama Ako says: Quid agribusinesses companies, representative of the Cameroonian market, mostly subsidiaries of large foreign groups.
What about the two mobile phone companies, Orange Cameroon and MTN Cameroon. Recent enthroned yet tops the charts in the Cameroonian market services. MTN- Cameroon shows a turnover of over billion CFA francs. Orange- Cameroon it is credited billion. These heavy weights of the Cameroonian economy could densify the market capitalization of the DSX. Without this contribution, the capitalization of about 1. JSE initiates since few years, comparisons with other African exchanges with the possibility of a dual listing of companies.
If business is slow to give satisfactory results, it remains a hope for African scholarships, DSX for example, to draw into his wallet of Western companies with subsidiaries in Africa, like in Cameroon for example.
Local Small and Medium Enterprises SMEs regarding local businesses, the causes of reluctance to go public are different. Low growing of financial market is one of the causes as defined by the experts in the field.
And these companies are usually afraid to go public, "says economist Abissama Ako. Many of them think that the motivations of the authorities were not healthy in creating the DSX. More than one scholarship cannot survive in the sub - region of Central Africa, Libreville scholarship is prior to the creation of the DSX. Obviously, to emphasize its status as an economic leader in the sub-region, Cameroon held to create his own scholarship, even if they had to dilute its efficiency.
However it remains, that the conditions join the scholarship are often drastic for local businesses. For example, to be eligible for the first market, we present a market capitalization at the introduction of million CFA francs and above all, should be a limited company and in that case it eliminates SMEs. Display options Mobile website. Sign up forgot your password.
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The Douala Stock Exchange continues - Business in Cameroon
Market Activities Latest Trading session: These interest payments are paid quarterly; Treasury Bonds, which are issued to economic agents. The role of the Douala Stock Exchange in the negotiation of government stocks and securities Douala Stock Exchange is responsible for the organization and monitoring of the secondary market in treasury bonds, which are quoted in the unlisted securities division.
In this capacity, the DSX assures the prerogatives of the following: Distribution - The Business to Consumer B to C market - The Business to Business B to B market Transportation of goods By road: The Road transport network extends over 50, km.
The three international airports are Douala, Yaounde and Garoua. Standards The South African Bureau of Standards SABS is the institution responsible for developing the activities of standardisation and certification. Patents and brands Cameroon has signed an agreement at the time of the establishment of the World Organisation of Intellectual Property WIPO Listed Companies on Stock Exchange Market in Douala still does not have that much requests for quotations from companies operating in Cameroon.