Cameroon raised record XAF136bln in Q1 2019, on Beac securities market

Public management

Cameroon raised record XAF136bln in Q1 2019, on Beac securities market

Comments

- Friday, 12 April 2019 14:30

(Business in Cameroon) - Cameroonian Treasury mobilized a total of XAF136 billion during the first quarter this year on the Beac securities market. According to authorized sources at the finance department, this amount is a record ever hit by Cameroon since the market opened in 2011.

Further, it translates investors’ interest in Cameroonian government securities, the average subscription rate being 267% according to sources.

As provided in the Finance Act 2019, the treasury should raise a total of XAF260 billion this year.

BRM

Follow @investcameroun

API signs key agreements to boost investor access to economic zones

The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...

Cameroun repays CFA39.8bn debt with new borrowings

On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...

CEMAC raises CFA4.336tn in 2023 public securities, CFA2.5tn less than WAEMU

In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...

Cameroon minister urges african restaurants to unite on geographic indications

Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...