Thursday, 21 August 2008
Douala Stock exchange
The Douala stock exchange, which services Cameroon and the CEMAC area, is still experiencing very low volumes. Few shares are being traded and it is very much a a buyer's market. Effectively the exchange lives under the shadow of the country’s poor business reputation and the only company of any interest is a local bottled water producer. Still, the country is enjoying the same dynamics as other frontier markets, operating as it doesin an economic environment which has been improved by an ongoing restructuring of the financial system on the one hand, and a promising business climate resulting from the liberalisation of the market on the other. Hopefully, the exchange which was formed in 2003 will one day get up on its feet.