Finance

Roland Berger makes proposal to merge Central African marketplaces, BVmac and Dsx

Thursday, 17 September 2015 16:31

(Ecofin Agency) - A mission of the Monitoring Commission of the financial market of Central Africa (Cosumaf) supported by a team of consultants from the Roland Berger firm is currently in Cameroon to continue the market study on the potential of the financial market of Central Africa, launched in July.

This study funded by the World Bank, as part of a project to strengthen the capabilities of the CEMAC institutions, explains Cosumaf, aims to produce a report on the corporate market's ability to access financing on the stock exchange by sector and by country and a document on the action plan to get rid of the obstacles to financing, develop the equity culture.

The Roland Berger firm, after meeting economic operators from Gabon, Equatorial Guinea and Congo, is proposing the merger of two rival marketplaces: Bourse des Valeurs Mobilières de l’Afrique Centrale (Bvmac) in Libreville and Douala Stock Exchange (Dsx) in Douala, Cameroon. "If the sector had been strong, there would be a potential for the two marketplaces to operate, but this is not the case. This is why there is a need for combining resources, merging ideas", the French firm suggested. This Cosumaf mission will end on 17th September.

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