(Business in Cameroon) - On 23 August 2017, the Cameroonian government launched a new operation to raise funds on the BEAC government securities market, through the issuance of Treasury bills with a 52-week maturity.

According to the report on this operation published by the Ministry of Finance, the public Treasury has been able to raise the FCfa 5 billion requested, but at a much higher interest rate than usual. Indeed, we learn, the average interest rate recorded during this operation reached 3.75% (against 2 to 2.5% in the past), with the most demanding investors even requesting an interest rate of 5.6%. 

At the same time, only four primary dealers out of the 16 authorised by Cameroon took part in the operation; thus reflecting the scarcity of financing in this sub-regional capital market; to which the CEMAC States have rushed since the decrease in public revenues, following the fall in world prices for raw materials like oil.

BRM

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