(Business in Cameroon) - On 5 July 2017, one of the most competitive selling sessions took place on the BEAC public securities market, pitting four of the six countries in the CEMAC, being Cameroon, Gabon and CAR, who attempted to raise a global envelope of FCfa 28 billion.

Once more, Cameroon, presented as the economic engine in the CEMAC zone, pulled through, with a subscription rate of 105%, for an average interest rate 3.1%. The other three countries had to settle with interest rates of 5%, to fill their respective coffers.

The interest rate given to investors by Gabon this past 5 July even reached 5.7%, for a subscription rate of 82% only. Which does not bode well for the future operations of this country on the capital market, despite the recent end of a structural adjustment program with the International Monetary Fund.

In other words, based on the above-mentioned results, Cameroon remains the main recipient of investors’ equity in the CEMAC zone, thanks in particular to a more diversified economy, which sets the scene for a now weakened resilience, against the crisis affecting the price of commodities such as oil.

BRM