logoBC
Yaoundé - 30 September 2020 -
Public management

Cameroon to raise XAF30 billion on the BEAC debt market

Cameroon to raise XAF30 billion on the BEAC debt market
  • Comments   -   Thursday, 10 September 2020 16:02

(Business in Cameroon) - Cameroon is planning to raise XAF30 billion on the Bank of Central African States (BEAC) debt market.

According to the Ministry of Finance, which disclosed the information, this fundraising is carried out to fund the investment programs contained in the 2020 finance law. The Ministry also informs that these funds will be raised via the issuance of fungible treasury bonds maturing in three years. They will be auctioned from September 11-16, 2020, at 11 a.m. The interest rate of the securities is 4%.

From January 1 to August 31, 2020, Cameroon raised XAF524.13 billion on the BEAC’s debt market by issuing both treasury bonds and bills. On August 31, 2020, the overall volume of securities to be settled by Cameroon in the market was estimated at XAF1,444.985 billion; 91.54% of these securities are owned by residents and 6.15% by non-residents.

S.A.

sci-lafleur-to-open-a-giant-hippodrome-in-douala
Douala-based company Société commerciale immobilière-La fleur (SCI) informs that it is currently preparing to open the giant hippodrome ever built in the...
cemac-central-bank-beac-sets-commissions-to-be-collected-on-outgoing-wire-transfers-in-2021
On September 22, Abbas Mahamat Tolli (photo), governor of the Bank of Central African States (BEAC), signed a decision allowing the BEAC (central bank of...
kribi-grand-zambi-road-to-be-delivered-in-march-2021-mintp
The Cameroonian Ministry of Public Works (MINTP) announces that the Kribi-Grand Zambi (53 km) road in Southern Cameroon will be delivered in March...
yaounde-city-hall-creates-tourist-information-office-to-promote-tourist-sites-and-local-specificities
Yaoundé city hall, in collaboration with the association of Cameroonian tourist guides, recently created the first-ever tourist information office by a...

Mags frontpage


Business in Cameroon n91: September 2020

Covid-19 Insights from entrepreneurs


Land squabbles between citizens and the government


Investir au Cameroun n101 Septembre 2020

Covid-19 Des entrepreneurs s’expriment


Les populations défendent leur patrimoine foncier