The Bank of Central African States (BEAC) and Price Waterhouse Cameroon, organized a virtual meeting in which various institutions took part such as: national monetary authorities, credit institutions, representatives of professional associations of financial market players, COSUMAF, BVMAC and many others. It was held on August 26, 2020.
The meeting’s aim was to “review the advances already made in the stock market unification process as well as the different stages of listing companies on the stock market, in order to guarantee their success. All this to better contribute to the diversification of the economies of CEMAC “
Thus, the inventory of the “unified regional financial market as of July 31, 2020 shows that four companies are listed, for a market capitalization of CFAF 149.5 billion. These are SEMC, SAFACAM, SOCAPALM and SIAT Gabon. We will also learn from Aboubakar Salao, manager of the Securities Settlement and Custody Unit also responsible for the merger of CEMAC financial markets, that twelve bond lines are listed, for an outstanding amount of CFAF 748.7 billion and that nearly 13.5 billion bond buy-sell transactions have been carried out since July 2019.
The second phase of the CEMAC market merger project, which consists of “reforming the regulatory framework relating to market activities in CEMAC, “making new market structures viable and boosting the unified financial market through innovations. and actions aimed at its deepening, continues ”
As prospects for the finalization of this second phase of the project, Aboubakar Salao, speaks of “the deepening of the Treasury securities market and the operationalization of the structures of the unified financial market and the revitalization of the activities of this market
