An important decision taken on the sidelines of the Board of Directors of the Central African Securities Exchange (BVMAC) meeting in ordinary session on October 25, 2021 in semi-face-to-face mode in Libreville, Gabon, under the chairmanship of Mr. Henri- Claude OYIMA, its statutory President.
Thus, after examining the report of the Appointments and Remuneration Committee and hearing the two selected candidates, the board of directors decided to appoint Louis BANGA-NTOLO as Chief Executive Officer of BVMAC for a term of four years from January 1, 2022. Former Managing Director of Societe Generale Capital Securities Central Africa, the new CEO is a connoisseur of the financial market. Doctor in Banking, Currency and Financing from the University Lumières Lyon II, (year 1998), Louis BANGA NTOLO should accompany BVMAC towards the realization of its ambitions.
The Board of Directors also thanked the former CEO of BVMAC, Jean-Claude NGBWA, for the services rendered during his tenure. In addition, the Board of Directors adopted the minutes of its ordinary meeting of May 10, 2021 and took note of the implementation of the decisions and recommendations contained in the relevant matrix.
The Board of Directors then approved the recommendations of the Audit Committee and instructed the Chief Executive Officer of their implementation according to the defined schedule.
In addition, the Board of Directors took note of the admission to BVMAC’s listing of bonds issued by the State of Congo “EOCG6.25% NET 2021-2026” and of the State of Gabon “EOG 6 % NET 2021-2026 ”, on the one hand, and“ LA RÉGIONALE ”actions, on the other.
Continuing its work, the Board of Directors adopted the staff regulations of BVMAC which come into force on the date of signature.
Examining the recent stock market situation, the Board of Directors noted a good increase in market capitalization, an improvement in the volume of stock transactions and the payment of dividends by two listed companies.
The Board of Directors instructed the Chief Executive Officer to continue actions to boost the BVMAC stock compartment.
The Board of Directors further instructed the Director General to make every effort to extend the efforts to raise awareness among issuers in all CEMAC member countries.
