The story
The origin of the market in Douala began in a project sponsored by CEMAC having to do with creating stock exchanges in Gabon and Cameroon. CEMAC is the abbreviation for Economic and Monetary Community of Central Africa.
The Douala Stock Exchange was created in December 2001. The first listing was Société des eaux minérales du Cameroun (SEMC), a subsidiary of the French company Castel Group.
DSX was owned by Association professionnelle des établissements de crédit du Cameroun (APECCAM), (Credit Association of Cameroon); by Cameroonian corporate interests; and by the government. It is similarly governed:
Administration Board:
APECCAM: 7 seats
Corporate: 2 seats
Government: 1 seat
Other: 1 seat
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Until 2006, the sole listing was SEMC. Later it also included Société Africaine Forestière et Agricole du Cameroun (SAFACAM) and SOCAPALM.
From Wikipedia’s article on Douala Stock Exchange, shared under CC BY-SA 4.0.4