logoBC
Yaoundé - 29 March 2024 -
Finance

Cameroun seeks another 10 billion FCfa on BEAC

Cameroun seeks another 10 billion FCfa on BEAC
  • Comments   -   Sunday, 14 September 2014 19:00

(Business in Cameroon) - On September 3, 2014, Cameroonian Treasury Department will issue Treasury bills amounting to 10 billion FCFA on the Central African States Bank securities market (BEAC). This was announced in a press release by Delegate Minister to the Minister of Finance, Pierre Titti (photo).

These short term debt securities will have a maturity of 26 weeks. Subscriptions can be done at the 13 State-approved primary dealers in the CEMAC zone.

In theory, this is Cameroon’s last operation on the securities market for the third quarter of 2014. In total, the State has raised some 50 billion FCFA in the last three months, including 10 billion FCFA using Treasury bonds with a 2-year maturity.

Since the start of 2014, the State of Cameroon has had a perfect track-record on the BEAC and has been moving towards its budgetary target of 100 billion FCFA this year using successive issuances of Treasury bills. After the 10 billion raised last august by bond issuance, a bond loan of 170 billion FCFA remains before the end of the current budgetary period.

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »