logoBC
Yaoundé - 09 July 2020 -
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

cameroon-plantain-chips-producer-delors-leuwing-n-wins-3rd-edition-of-pierre-castel-prize
Delors Leuwing Ngounouo (photo) is the winner of the 3rd edition of Pierre Castel Prize in Cameroon, thanks to his company Mboa Snackery Sarl, which...
investisseurs-et-partenaires-i-p-announces-interest-free-loan-programme-to-support-smes-in-cameroon
Investisseurs et Partenaires (I&P), an investment fund dedicated to SMEs based in Africa -chaired by Jean-Michel Severino (photo)- and Somtou Cameroun...
cameroonian-start-up-ease-travel-launches-a-cfaf150-mln-fundraising-to-develop-operations
Since June 15, 2020, the Cameroonian start-up Ease Travel Services, with Franck Dakayi (photo) as co-founder, has been in the fundraising market to raise...
hevecam-lays-off-1-037-employees
As announced on June 26th, Hevea Cameroun (Hevecam), a subsidiary of the British group Corrie MacColl specialized in rubber production, laid off part of...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »