logoBC
Yaoundé - 26 June 2022 -
Finance

Beac: Outstanding govt securities rise 41.7% YoY in Jan. 2022

Beac: Outstanding govt securities rise 41.7% YoY in Jan. 2022
  • Comments   -   Tuesday, 05 April 2022 12:13

(Business in Cameroon) - The Supervisory Board of the Securities Settlement and Custody Unit (CRCT) reported in a recent statement that the outstanding amount of securities issued by governments on the Beac public securities market has increased by 41.7% between January 2021 and January 2022.

The amount increased from CFA3,323.4 billion to CFA4,708.3 billion over the period. Although no specific reason was given for this sharp increase, it occurred at a time when governments were seeking funding both to continue their Covid-19 vaccination campaign and to strengthen their post-recovery strategy. Moreover, since 2019, almost all CEMAC countries favor the Beac government securities market for long and medium-term borrowing, rather than the sub-regional financial market where costs are higher. This has also contributed to an increase in the outstanding amount of securities issued on the money market in recent years.

According to the central bank, this strategy used by CEMAC countries made the Beac's public securities market now dominated by issues of Fungible Treasury Bonds (OTAs), which are long- and medium-term public securities.

BRM

afriland-first-bank-cd-shaken-by-internal-conflicts-fueled-by-malpractice-accusations
For about a year now, Afriland First Bank CD - 95.6% owned by Afriland First Group- is ripped apart by internal conflicts. The bank’s majority shareholder...
the-port-authority-of-douala-launches-the-container-terminal-renovation
The Port Authority of Douala (PAD) announced it has started works to renovate its container terminal. The project is expected to improve the fluidity and...
mobile-money-tax-revenue-above-target-for-2022
Revenue from the Mobile Money tax in Cameroon stood at CFA7.3 billion between February and May this year, according to data published by the Directorate...
isdb-claims-a-cfa683bln-active-portfolio-in-cameroon
The Islamic Development Bank (IsDB) has an active portfolio of $1.1 billion (about CFA683 billion with current value) in Cameroon. The information...

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 »