This dual stock exchange system is a source of political tension, inefficiency and economic, financial, and stock market fragmentation, explained georges taty, attorney general at the cemac court of justice. Our goal is to deliver and provide the latest news and analysis on economies, companies and industries in the region. See the complete profile on linkedin and discover ernests connections and jobs. Intrinio douala stock exchange prices api programmableweb. The douala stock exchange is a public limited company with a board of directors and capital of 1. Douala stock exchange list of companies, daily price list and share prices sorted alphabetically monday, mar 02, 2020.
Ndedi 2009 defines a financial market as a place physical or virtual where people trade financial securities, commodities and other fungible items of value at low transaction costs and at prices that reflect local supply and demand. Cameroon announces the introduction of new companies on. European scientific journal january 2016 edition vol. Feb 29, 2012 research has been made in this topic and found positive relationship between financial stock market development and economic growth, but in cameroon the purpose of the government to develop economy, by creating the douala stock exchange is still not reached. Cest une societe anonyme au capital denviron 1 800 000 000.
In order to revive the douala stock exchange dsx, the cameroonian government is expected to soon list new public and parapublic companies. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this wikipedia. Cameroon announces the introduction of new companies on the douala stock exchange african markets. The douala stock exchange was created in december 2001. Launched in 2001 and made the first trading on the 30th june 2006, the douala stock exchange is a public limited company with a board of directors and capital of 1.
The platform is entirely dedicated to african stock markets with the added functionality of. Douala, cameroon is the center of business activities for all six central african states in subsaharan region and is full of good quality banks of international. The douala stock exchange dsx is the stock exchange of cameroon. Safacam 37, 000 francs cfa, and socapalm at 40, 595 francs cfa. The 2014 report of the douala stock exchange market is out. Douala stock exchange, dsx semc, safacam, socapalm trading. The origin of the market in douala began in a project sponsored by cemac having. The douala stock exchange is the sole agent authorised to carry out stock exchange transactions and functions within the territory of the republic of cameroon. The douala stock exchange dsx in cameroon and its discontents. Its principal functions are among others to create, organise and manage the stock market.
The dsx is the sole agent licensed to trade and sell to the public stocks, shares. Ndedi and ijeoma, 2008 what about the douala stock exchange in cameroon. High, low, open, close, and volume are available in addition to adjusted prices for splits and dividends. Nov 28, 2011 cameroon douala stock exchange dsx market. En 2014, lactivite dans le secteur manufacturier chinois sest contractee. Cemac is the abbreviation for economic and monetary community of central africa. Launched in 2001 and made the first trading on the 30th june 2006, the douala stock exchange is a public limited company. It set up the douala stock exchange in april 2003 in order to help cameroons biggest private sector companies to raise investment within. Actual dla douala airport exchange rates will vary due to local market demand for currencies being exchanged, if the exchange is made with cash or travellers cheques, and local competition. En decembre 2001, le douala stock exchange, bourse des valeurs. The douala stock exchange dsx is the stock exchange of camaroon.
The platform is entirely dedicated to african stock markets with the added functionality of access to historical data that include share price, market performances, trade volume and daily news. The president of cmf annonced in particular that measures are currently underway, within the government, to list six new companies on the douala stock market, as well as the issuance of bonds. Douala time local time in douala time zone in douala. Research has been made in this topic and found positive relationship between financial stock market development and economic growth, but in cameroon the purpose of the government to. Douala stock exchange, dsx semc, safacam, socapalm. Cameroon bank information on banking sector in cameroon.
Douala, cameroon is the center of business activities for all six central african states in subsaharan region and is full of good quality banks of international standards. Douala currency atms are available in many parts of douala ensure you inform your bank before travelling abroad, and be aware you may be charged for cash withdrawals. Douala stock exchange list of companies, daily price list and. Bourse officielle des valeurs mobilieres du cameroun. Financial stock market and economic growth in developing countries. The president of cmf annonced in particular that measures are currently underway, within the government, to list six new companies on the douala stock market, as well as the issuance of bonds by some mixeconomy companies, we learned from sources within the douala stock exchange. Financial stock market and economic growth in developing. Le constat etabli sur le fonctionnement du marche financier en afrique centrale. For the stock market, the values of semc, safacam and socapalm, the three major stocks traded on the dsx, followed a stable trend and close respectively at f cfa 93 000, f cfa 37 000 and 40 594 cfa. Douala stock exchange how is douala stock exchange abbreviated.
Douala stock exchange douala stock exchange ended its trading session for 1st december 2010 on the following note. A close reading of the report points to the fact that the market enterprise by the financial markets commission has progressively. The purpose of this chapter is to assess and present the importance of the douala stock exchange dsx in cameroon. Dec 06, 2010 douala stock exchange douala stock exchange ended its trading session for 1st december 2010 on the following note. Les pistes du dynamisme douala stock exchange investir au. For the stock market, the values of semc, safacam and.
It set up the douala stock exchange in april 2003 in order to help cameroons biggest private sector companies to raise investment within the country. Coexistence of three agencies for issuing bonds and bills. Oct 10, 2015 gouvernance economique et stabilisation des chocs asymetriques. This dual stock exchange system is a source of political tension, inefficiency and economic, financial, and stock market fragmentation, explained georges taty, attorney general at the cemac court of justice at the swearingin ceremony on february 20 for the new cosumaf heads. The dsx is the sole agent licensed to trade in and to sell to the public, stock, shares, bonds and other. The douala stock exchange is the official market for securities in cameroon.
The dsx is the sole agent licensed to trade in and to sell to the public, stock, shares, bonds and other investment products. The case of douala stock exchange in cameroon article pdf available april 2010 with 3,015 reads how we measure reads. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this wikipedia article constitutes fair use. By rngwi on november 30, 2010 douala, douala stock exchange dsx, featured, finance. The intrinio douala stock exchange prices api data feed provides end of day prices eod from the douala stock exchange in cameroon. Creer, organiser et animer le marche boursier veiller au fonctionnement. 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. Consequently, the douala stock exchange dsx was created through the law casted on the 22nd december 1999. The douala stock exchange is a public limited company in the economic capital of cameroon. Exchange data international validates the prices for release at. The data is available from the most recent close of trading and. The data is available from the most recent close of trading and historically back to 2007. View ernest polas profile on linkedin, the worlds largest professional community. Assessment and way forward of the douala stock exchange in.
The cameroon investment promotion agency cipa is a parastatal institution with legal personality and financial autonomy with. The douala stock exchange dsx in abbreviation is the official market for securities in cameroon. See who you know at douala stock exchange, leverage your professional network, and get hired. Cameroon announces the introduction of new companies on the. See the complete profile on linkedin and discover ernests connections and jobs at similar companies. Douala stock exchange at the close of markets on the douala stock exchange, dsx, the values of the three major trading stocks stood at semc 93, 002 francs cfa. The cameroon investment promotion agency cipa is a parastatal institution with legal personality and financial autonomy with headquarters in douala.