About us

THE BUILDING AFRICAN FINANCIAL MARKETS SEMINAR

The BAFM Seminar is a capacity building program initiated by African Securities Exchanges Association (ASEA) designed to promote growth in African Financial Markets and an opportunity to enhance the capacity of African exchanges to compete globally. The 10th BAFM Seminar will take place in Douala, in June 1st & 2nd, 2022 under the theme : “Optimization of Regulation as a Lever for the Development of African Financial Markets”. The regulation of financial markets is considered as a set of rules, practices and supervision of financial activities whose priority objectives are the proper functioning of the market (transparency and integrity), the protection of investors and the stability of the financial system. The theme of this edition will discuss issues relating to the regulatory framework useful for enhance practices of all the African Financial Market stakeholders (Regulators, Stock Exchanges, Central Depositories, Brokers, Issuers, Investors).

The 10th BAFM Seminar will take place in Douala, in June 1st & 2nd, 2022 under the theme : “Optimization of Regulation as a Lever for the Development of African Financial Markets”. The regulation of financial markets is considered as a set of rules, practices and supervision of financial activities whose priority objectives are the proper functioning of the market (transparency and integrity), the protection of investors and the stability of the financial system.

The theme of this edition will discuss issues relating to the regulatory framework useful for enhance practices of all the African Financial Market stakeholders (Regulators, Stock Exchanges, Central Depositories, Brokers, Issuers, Investors).

THE AFRICAN SECURITIES EXCHANGES ASSOCIATION

ASEA was established in 1993 with the Nairobi Securities Exchange as the founding member followed by the Stock Exchange of Mauritius, Uganda Securities Exchange and Dar-es-Salam Stock Exchanges. Currently the Association is represented by 25 Exchanges serving 37 African countries.

The African Securities Exchanges Association is the Premier Association of Securities Exchanges in Africa, that have come together with the aim of developing Member Exchanges, promoting capital market business and providing a platform for networking.

The Executive Committee

Since his establishement in 1993, the Association is working closely with Member Exchanges to unlock the potential of the African Capital Markets and the African economies in the following ways:

Enhancing the visibility of ASEA members at the international level with a view to attract capital inflows to African Capital Markets.

Providing an authoritative information portal on African public markets and provide aggregated statistics and information on African Exchanges

Being a powerful lobbying and advocacy voice for Member Exchanges

Promoting market development among Member Exchanges

Promoting Capacity Building and Training for Member Exchanges

Initiating Strategic Alliances on behalf of Member Exchanges

BOURSE DES VALEURS MOBILIÈRES DE L'AFRIQUE CENTRALE

The unified BVMAC was born from the merger absorption of the Douala Stock Exchange-DSX (Cameroon Stock Exchange and member of ASEA since 2009) by the ``Bourse des Valeurs Mobilières de l'Afrique Centrale`` (BVMAC) on July 4, 2019.

BVMAC is a stock exchange common to the six (6) countries of the ``Communauté Économique des États de l'Afrique Centrale`` (CEMAC) represented by Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic and Chad.

The creation of the BVMAC was a major step towards the materialization of the economic potential of Central Africa, by providing local businesses and States with access to new modes of financing. Similarly, institutional investors and individual savers can diversify their investments.

Assignments

The management of the Central African financial market by:

admission of new Securities to listing on the Stock Exchange;
the organization of exchanges and the listing of securities under the best conditions of equality, security and transparency;
dissemination of stock market information;
promotion and development of the stock market.

Goals

be the force that brings about a profound change in mentalities in terms of financial culture to make stock market savings part of the habits of savers and anchor stock market financing in the managerial culture of companies operating in Central Africa;
constitute an essential mechanism in the CEMAC financial system;
participate in the widest dissemination of the culture of transparency and good governance in companies;
participate in the economic and financial influence of CEMAC.

Assets

a modern legislative and regulatory framework that complies with international standards;
advanced trading technology guaranteeing performance and security;
a reliable delivery settlement system meeting international standards with D+3 settlement.

Positioning

The Stock Exchange is located at the heart of the financial market where:

stock exchange company subject to license (approval) handle exclusively the trading of securities listed on the Stock Exchange;
the Central African Financial Market Supervisory Commission, the regulator, ensures the protection of savings invested in transferable securities and the proper functioning of the stock market;

Stock markets

Listing on the Stock Exchange is reserved for the trading of securities that meet the admission conditions provided for by the regulations. It includes the following markets:

the Share market (compartments A and B);
the bond market is reserved for trading in debt securities.

The advantages offered by the Stock Exchange

To investors and savers:

liquid and profitable investments, especially over the long term;
a permanent evaluation of its assets;
the status of shareholder and co-owner of renowned companies.

To businesses

raising capital at lower cost, directly from investors;
strengthening the company’s reputation and brand image.
tax benefits during the years following the IPO;
the sustainability of the company’s activities by facilitating the transmission of assets.