Yaoundé - 28 March 2020 -

CEMAC: Cameroon records 2nd poor performance in the BEAC debt market

CEMAC: Cameroon records 2nd poor performance in the BEAC debt market
  • Comments   -   Tuesday, 24 March 2020 11:00

(Business in Cameroon) - On March 18, 2020, Cameroon was unable to raise the complete XAF10 billion it was seeking on the BEAC debt market via the issuance of 52-week fungible treasury bills.

According to the official results of the auction, investors only offered XAF8.5 billion and the government decided to keep XAF7.5 billion. The treasury did not explain why it decided to keep only that portion of the offers but the decision could have been spurred by the interest rates required.

During the operation, the interest rates required by investors ranged from 3.15% to 3.75%, averaging 3.41%. During its recent operations (26-week bills’ issuances notably) Cameroon seldom paid over 3% as an interest rate.  

This is the second poor performance the country is recording on the market within a month. On February 12, 2020, it was unable to raise the full XAF20 billion it was seeking in the same market after issuing 26-week fungible treasury bills.


British oil and Gas company Bowleven plans to hand back its exploration license on the 2,328 km2 Bomono gas block, onshore Cameroon, to Cameroonian...
On April 8, 2020, Cameroon will launch the first bond of a series of three on the BEAC money market. According to internal sources at the Ministry of...
There is a new development in the case between employees and the general management of Nexttel/Viettel over the new salary calculation method the company...
In a recent analytical note about the Cameroonian consumer market in the 2019 fiscal year, the National Institute of Statistics (INS) reveals the causes...

Mags frontpage

Business in Cameroon n85: March 2020

Minim Martap«It might be the best bauxite ever at the moment»

The necessary reform of Cameroonian public firms

Investir au Cameroun n95 Mars 2020

Minim Martap« Peut-être la meilleure bauxite au monde à ce jour »

La nécessaire réforme des entreprises publiques camerounaises