logoBC
Yaoundé - 29 March 2024 -
Public management

Cameroon to pay XAF129bln to investors on the Beac securities market this year

Cameroon to pay XAF129bln to investors on the Beac securities market this year
  • Comments   -   Friday, 25 January 2019 16:03

(Business in Cameroon) - Cameroonian treasury plans to repay a total of XAF129 billion to investors on the Central African States Bank's (BEAC) securities market, throughout this year. This was indicated in the operation timetable the Cameroonian finance ministry addressed to the Beac.

This money to be paid will be drawn from the XAF234 billion Cameroon intends to mobilize in 2019 on the same market, through the issuance of fungible treasury bills (BTAs). Therefore only XFA105 billion will be collected from the money mobilized through the issue of BTAs. Another XAF55 billion will be raised through issues of fungible Treasury bonds (OTA), and XAF100 billion through a new bond issue on the Douala Stock Exchange (DSX).

This makes a total of XAF260 billion, corresponding to the amount the government is authorized to raise by issuing public securities (indicated in the Finance Act), in order to complete its budget envelope for 2019.

Brice R. Mbodiam

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »