“We ask IFC, the French Development Agency, etc. to support SMEs by issuing bonds in local currency” (Jean-Claude Ngbwa, BVMAC)
After its recent merger with the Douala Stock Exchange (DSX), the Central African Stock Exchange (BVMAC) is now the sole stock market in Central Africa and today must develop its equity and bond compartments. Jeune Afrique Business+ spoke with BVMAC’s chief executive, Jean-Claude Ngbwa.
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▪ “We ask IFC, the French Development Agency, etc. to support SMEs by issuing bonds in local currency” (Jean-Claude Ngbwa, BVMAC)
▪ After its recent merger with the Douala Stock Exchange (DSX), the Central African Stock Exchange (BVMAC) is now the sole stock market in Central Africa and today must develop its equity and bond compartments. Jeune Afrique Business+ spoke with BVMAC’s chief executive, Jean-Claude Ngbwa.
▪ https://www.africabusinessplus.com/en/804519/nous-invitons-ifc-afd-etc-a-soutenir-les-pme-avec-des-emissions-demprunts-obligataires-en-monnaie-locale-jean-claude-ngbwa-bvmac/
Ten months after relocating BVMAC to Cameroon, Central Africa’s stock exchange is currently on track to implement policies on stock exchange listing requirements for companies. While the coronavirus crisis is delaying the process, Jean-Claude Ngbwa thinks it’s only a matter of time before the changes will move forward. In spite of BVMAC’s recent makeover and transparency requirements, he is confident that companies will find the stock exchange appealing and asserts that BVMAC is an essential tool for sub-regional integration.
Jeune Afrique Business+: What does BVMAC’s future look like, now that it’s the sole stock exchange in the Central African Economic and Monetary Community (CEMAC)?
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