The actions still to be carried out for the finalization of the second phase of the merger of the financial markets of the Economic and Monetary Community of Central Africa (Cémac), essentially relate to two axes, namely: the deepening of the market for Treasury securities and the operationalization of the structures of the unified financial market as well as the revitalization of activities.
This is what emerges from the webinar organized on August 26, by the Bank of Central African States (BEAC), in collaboration with the firm Price Waterhouse Cameroon, on the theme: “Issue of revitalizing the unified market of Cémac and the introduction of companies on the stock market. “
On the first axis, an action schedule had been agreed with the International Monetary Fund, the World Bank and the African Development Bank in December 2019. Actions are underway, despite a shift caused by the health crisis in Covid -19.
Regarding the second part, the activities to be carried out relate to the restructuring of the regulator on the basis of the conclusions of the institutional, organizational and functional audit to be carried out. We also note the development, adoption and implementation of the business plan of the unified stock exchange as well as the development, adoption and implementation of the business plan of the single central depository.
In addition, the results of the inventory of the unified regional market indicate that on July 1, four companies were listed for a market capitalization of CFAF 149.5 billion.
Recall that the first phase of the process devoted to the physical and institutional merger of market structures resulted in the establishment of a single regulator (Cosumaf) based in Libreville, of a single stock exchange, the Stock Exchange. of Central Africa (BVMAC), based in Douala and of a single central depository provided temporarily by the BEAC.
