Business News of Friday, 11 November 2016Source: Business in CameroonCameroon-Côte d'Ivoire financial markets boost tiesDouala Stock ExchangeJean Claude Ngbwa, President of the Financial Markets Commission (CMF) of Cameroon, the regulatory body of the Douala Stock Exchange (DSX), the stock market of the country; had a work visit on 8 November 2016 in Abidjan, Côte d'Ivoire, at the headquarters of the Bourse régionale des valeurs mobilières (BRVM), the West African States stock market. He thus became the regulatory authority of a financial market which only lists three stocks, after 10 years of activity, against five obligations. Its market capitalisation as at 17 June 2016 was only slightly higher than FCfa 405 billion. Though more comparable to the Bourse des Valeurs Mobilières d’Afrique Centrale (BVMAC), which is even less dynamic than the Cameroonian financial market, BRVM has reached a market capitalisation of FCfa 6,887.47 billion as at 27 October 2016. A certainly attractive performance for the management of the Cameroonian financial market, visibly shunned by the private sector.

Source: CameroonWeb November 11, 2016 11:12 UTC