BVMAC – THE CENTRAL AFRICAN STOCK EXCHANGE INVESTMENT BUDGET STANDS AT FCFA 2.2 BILLION

By Ndumbe Bell Joseph Gaston in Douala

The Board of Directors of the Central Africa Securities Exchange (also known as BVMAC) held talks at their ordinary session to review the varied preoccupations of the 2023 activities.

The session that held at the BVMAC headquarters in Douala last December 18, was chaired by the President of the Board, Henri Claude Oyima.

Key to their agenda was the approval of the 2024 budget of FCFA 2.2 billion for investment projects.

M.D of BVMAC (m) and Members of the Board of Directors during session

The board is said to have expressed satisfaction and prided itself for having listed 4 bonds undertakers within the first 9 months of 2023 and for the increased confidence given to the institution to have a steady rise in the volume of share capital.

The ordinary session approved a 2024 Action Plan presented by the Managing Director of BVMAC Banga Ntolo, pursuant to the deployment of efforts or activities to realise the broader 2022-2026 Business Plan which also envisages notably the setting up of activities for a Central depository.

One other priority was the adoption of a new code of ethics and deontology applicable to the staff, stakeholders, partners, supplies and others interacting with BVMAC.

Equally examined were all issues related to social responsibilities.

Leave a Reply

Your email address will not be published. Required fields are marked *