DSE: Three new companies listed

The national securities exchange of Cameroon, Douala Stock Exchange (DSE) in its action could accommodate compartment during the first quarter, three new companies, the Ministry of Finance (MINFI) said on Thursday.

They are the Cameroon Sugar Corporation (Sosucam), a subsidiary of the French group Somdiaa, the Cameroon Society of aluminum processing (Socatral) and the Aluminium Company of Bassa (ALUBASSA), both branches of the company Cameroon Aluminium (Alucam), owned by the Australian-Canadian consortium Rio Tinto - Alcan (RTA).

Recently, the Cameroonian government multiplies incentives to allow take-off of the domestic financial market, like tax exemptions for companies listed on the DSE.

Furthermore, the Finance Act 2016 enables the state to launch a bond issue of 100 billion CFA francs to the Douala Stock Exchange, the purpose being to raise funds to ensure the financing of certain development programs.