logoBC
Yaoundé - 29 March 2024 -
Finance

Cameroon accredits three new primary dealers for its debt operations in BEAC market

Cameroon accredits three new primary dealers for its debt operations in BEAC market
  • Comments   -   Thursday, 19 September 2019 10:59

(Business in Cameroon) - Cameroon recently accredited three new credit institutions operating within CEMAC as primary dealers for its operations on BEAC’s security market.

These are Orabank Chad, BSCA Bank and Commercial Bank of Cameroun (CBC), the country’s general directorate of treasury indicates.

These new dealers included, the number of primary dealers accredited by Cameroon for its operations on BEAC’s debt market is 19.

These new accreditations are made amid an increased recourse, by the country, to the region’s debt market to mitigate its occasional cash flow problems.

For three years, the funds raised yearly by Cameroon on this market was estimated at XAF300 billion. This year, however, the indicative timetable of Cameroon’s operation on the market shows that the country plans to raise XAF240 billion in Q3, 2019. The first two quarters were also dynamic.

Most of these fundraising operations were done via the issuance of fungible Treasury bills (whose maturity period is around 1 year). Let’s note that since the launch of the BEAC in 2011, the country’s bill issuances have been fully subscribed.

Brice R. Mbodiam

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 »