2, November 2017
During a forum that was boycotted by the Heads of State of Gabon and Congo-Brazaville recently in Chad, the CEMAC zone leaders decided that Douala, the economic metropolis of Cameroon will now host the headquarters of the regional stock exchange of the Central African Economic and Monetary Community (CEMAC).
This is one of the main decisions taken by the heads of state of the subregion, gathered at N’Djamena in Chad at the recent extraordinary summit of CEMAC.
“Considering the issue of the merger of regional and national value exchanges, the conference decided to set the headquarters of the regional financial market regulator in Libreville and that of the regional stock exchange in douala,” read the final statement.
The Conference of Heads of State designated the Bank of Central African States (BEAC) as Central Depository.
In addition, the heads of state decided to unlock 1.7 billion CFA francs. This money will finance a police force to monitor the borders follwoing the lifting of all border checks for all citizens of the 6 countries.
By Chi Prudence Asong, CCN