logoBC
Yaoundé - 19 October 2019 -
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

france-first-supplier-of-imported-products-under-cameroon-s-economic-partnership-with-the-eu
Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
cameroon-successes-and-challenges-of-the-construction-of-the-nationale-n-15
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
cemac-authorities-praise-a-rise-in-the-volume-of-currency-channeled-back-by-banks-to-the-beac
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
cameroon-18-carriers-authorized-to-operate-in-nov-2019-march-2020
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...

Mags frontpage


Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres


Reviewing the state of things in the North and Far North


Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »


Décollage réussi pour la Transahélienne de Camair-Co