Bicec and parent company BCP establish subsidiary dedicated to securities operations in Central Africa
Named Upeline Securities Central Africa (Usca), the new entity
intends to position itself on the subregional financial market as a key actor in stockmarket intermediation, financial engineering, and safekeeping, explained Kamal Mokdad, CEO of BCP.
Let’s note that the newly created entity has already been retained by the Development Bank of Central African States (BDEAC) to co-structure and place a XAF100 billion bond issuance operation via public offering.
As a brokerage firm in this market segment, BCP group will compete with Afriland Bourse & Investissement. Created by the Cameroonian group Afriland, the latter is a financial asset management, collective securities investment, stock exchange intermediation, and financial engineering company.