CEMAC: Beac launched a new bid to pump CFA265bn into banks

Bank

CEMAC: Beac launched a new bid to pump CFA265bn into banks

Comments

- Wednesday, 12 September 2018 17:35

(Business in Cameroon) - The Bank of Central African States (Beac) launched a new call for tenders to inject CFA265 billion into banks operating within the CEMAC area, as part of its money market.

The resource which will be available from September 13 to 20, is set at the minimum official rate of 2.95%. Subscription deadline is today September 12.

Thanks to such operations, through weekly tenders, the central bank has already invested around CFA3,000 billion.

BRM

Follow @investcameroun

Cameroon's red cocoa nears labeling as OAPI awaits coloration analysis

The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...

Cameroon poultry expo revives focus on industry transformation

The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...

Beac's bond auction meets success in inflation combat efforts

On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...

Cameroun delays bond sale amid regional market strain

The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...