Cameroon – Finance: The merger of the Libreville and Douala exchanges could generate 1000 billion FCFA of emissions by 2020

Written by Deckson N.

The French strategy consulting firm Roland Berger, contacted by the Financial Market Supervisory Commission of Central Africa (Cosumaf), to work on the various assumptions about the merger of the Douala and Libreville stock exchanges, in a report submitted to the institution, reveals that the merger of the Douala Stock Exchange (DSX) and the African Securities Exchange (BVMAC) could by 2020, generate 1000 billion CFA francs.

For the past six years, two scenarios have been envisaged in the merger of these two stock exchanges. The first focuses on the specialization of the DSX in the field of equities while the BVMAC will take care of the obligations.

The second hypothesis is to merge the two markets based in Douala. The regulator and the central repository would have, as for them, base Libreville.

In view of the implementation of the recommendations of Roland Berger, the African Development Bank and the World Bank were approached by the Cosumaf, said the president of the subregional institution, Rafael Ntung Nsue, visiting Paris, A week ago.

According to the French weekly newspaper Jeune Afrique, according to the president of the Cosumaf, the concretisation of the project to bring together the two stock exchanges is underway. Rafael Tung Nsue and his secretary general, Marcel Ondèle, are working with the World Bank and the AfDB to obtain the release of new financing.

The funds, resulting from a program whose amount is between 3 and 6 million euros, will allow the installation of several working groups that will implement the recommendations of the French firm.

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Deckson N.

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