Gabon Development Bank sells its stake in BVMC

CAMEROON – Gabon Development Bank (BGD) has announced its decision to withdraw from the Central African Stock Exchange (BVMC) by selling its 32.15% stake. The move is a strong assurance to several investors who were worried about the fact that BGD which is the BVMAC’s leading shareholder is in liquidation. Gabon Development Bank which has been ailing for years is now under liquidation, a situation many experts thought would affect the credibility of the BVMAC which has embarked on a dynamization process. The withdrawal is an opportunity for Cameroon to…

Read More