Finance
Central Africa: Afreximbank opens its regional office in Yaounde, Cameroon
On September 22, 2021, the African Export-Import Bank (Afreximbank) opened the doors of its new Yaounde office to the media as a prelude to the official...
Higher education: Global network AUF presents the whitepaper of the Scientific Francophonie
Cameroon reaches new military deal with France
Govt to donate 2.5 million school books to upper primary pupils
CEMAC: BEAC launches another liquidity withdrawing operation to combat inflation
Today September 21, 2021, in the CEMAC region, the Central bank BEAC launched an operation aimed at withdrawing liquidity from the regional financial...
Cameroon: BGFIBank announces 2-fold plan to overrun competition
BGFIBank will build its national headquarters in Douala, Henri-Claude Oyima (photo), CEO of BGFIBank group indicated yesterday September 15, 2021, during...
Cameroon: State companies recorded XAF224 bln cumulated loss in 2017-2019 (official)
Over the 2017-2019 period, the 44 state-owned companies in the government portfolio recorded XAF224 billion losses, a document attached to the 2021...
Fund transfers: Cornered by Mobile Money services, Express Union embarks on a charm offensive
Express Union, which was until recently the undisputed leader of domestic fund transfers in Cameroon, launched a promotional campaign waiving fees for...
CEMAC: BEAC resumes with liquidity absorption operations
Last September 6, the Bank of Central African States (BEAC) launched an operation aimed at absorbing XAF100 billion liquidity from banks with excess...
CEMAC: Credit portfolio deterioration pushed some banks to seek BEAC liquidities in Jan-Mar 2021
Between January and March 2021, the main factor that pushed most banks to participate in the BEAC’s liquidity injection operations was the deterioration...
BEAC’s liquidity injections boosted private sector financing YoY in Mar 2021
Thanks to the liquidity injection operations resumed in March 2020 in response to the coronavirus pandemic, commercial banks active in the CEMAC region...
Cameroon: UBA confirms its leadership by domiciling 56.3% of cocoa export transactions in 2020-2021
During the 2020-2021 cocoa season (ended on July 2021), 12 local financial institutions acted as domiciling banks for cocoa exporters in Cameroon....
SMEs’ financing: I&P steps up efforts to boost private equity mechanism in Cameroon
In its about 20 years of existence, Investisseurs et Partenaires (I&P) has funded 170 SMEs in Afica . However, only a dozen of those SMEs...
BVMAC: “La Régionale” shares close the fifth trading day at XAF42,000
On July 21, 2021, five days after its first trading day on the equities segment of the Central African Stock exchange BVMAC, the “La Régionale” shares...
CEMAC: BEAC liquidity injections are slowing activities in the interbank market
Commercial banks’ growing attraction for weekly liquidity injection operations organized by the Bank of Central African States (BEAC) is affecting the...
Orange Cameroon boasts 70% MoMo market share with CFA800bn in monthly transactions
Mobile operator Orange Cameroon announced it controls 70% of the market share on the Mobile Money segment with estimated monthly cumulative transactions...
Standard Chartered Bank Cameroon closes retail segment to focus on wholesale banking
Standard Chartered Bank Cameroon recently announced that it is closing its retail segment in Cameroon. The operation started on June 30, 2021, with the...
Société Générale appoints Marème Mbaye Ndiaye as regional director for East and Central Africa
Effective July 5, 2021, Senegal-born Marème Mbaye Ndiaye became the regional director of Société Générale in East and Central Africa. The executive who...
Cameroon-born Georges Wega joins Société Générale group’s management committee
Cameroon-born Georges Wega, who is currently Société Générale's regional director in West Africa, is now Deputy Director of the international banking...
Debt collection agency SRC initiates recovery of over XAF60 bln owed by CBC`s clients
Cameroon`s debt collection agency SRC is currently planning to initiate the recovery of XAF60.137 billion owed to the Commercial Bank of Cameroon (CBC )...
CEMAC: Panafrican group Africa Bright Securities becomes an official broker on the BVMAC
Officially, Panafrican group Africa Bright Securities, is, since June 15, 2021, a brokerage firm authorized to operate on the Central African Stock...
Cameroon heads back to the BEAC debt market to raise XAF50 bln through issuance of 6-year bonds
On June 16, 2021, after a 1-month break, Cameroon headed back to the Bank of Central African States (BEAC)’s public securities market to issue new...
Ecobank partners with CAMPOST to bring banking services closer to the non-connected population
On June 14, 2021, Cameroon Postal Services (CAMPOST) and Ecobank Cameroon signed a partnership agreement allowing access to banking services for the whole...
CEMAC: Cameroonian investors contribute XAF54.5 bln (28.9%) to Gabon’s new 2021-2016 bond issue
At the end of its 2021-2026 bond issue operation (the sixth in the history of the country’s public finance), Gabon raised XAF188.8 billion against a...
BDEAC exceeded budgetary forecasts in 2020 with XAF9.8 bln net profit (Administrative Board)
Despite the coronavirus pandemic, the Development Bank of Central African States (BDEAC) recorded a XAF9.8 billion net profit in 2020. This was...
Microfinance institution Vision Finances doubles its capital to XAF4 bln to fund development plans
In a recently published release, microfinance institution Vision Finances SA announced that it has successfully concluded an operation aimed at doubling...
AXA Cameroon’s CEO Thierry Kepeden becomes chairman of local insurance companies’ association ASAC
Thiéry Kepeden, CEO of AXA Cameroon, is the new chairman of the Association of Insurance Companies of Cameroon (ASAC). The CEO who started his career...
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Business in Cameroon n103: September 2021
Cameroon: The other cocoa land
The rise of private equity
Investir au Cameroun n113: septembre 2021
Le Cameroun, l’autre pays du cacao
L’émergence du private equity camerounais
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