Finance
Mobile Money usage surges in Cameroon, outpacing traditional banking
The use of mobile money services has "particularly increased" in Cameroon, rising from 29.9% in 2017 to 42.7% in 2022 for the population aged 15 years or...
AIDS: Authorities Aim to Boost Screening Rates by Tackling Social Barriers
Cameroon Ups Packaging Game for Local Products to Enhance Competitiveness
Douala Governor Cracks Down on Wandering Cattle After Motorcycle Taxi Driver's Death
Cameroon's domestic debt rose by CFA169bn in Q1 2024, driven by public securities
Cameroon's domestic debt, excluding payables over three months, has increased by CFA169 billion between March 2023 and March 2024. According to the latest...
Port Authority of Kribi eyes CFA1,312bn on Cemac capital market
The Port Authority of Kribi (PAK) plans to raise up to CFA1,312 billion (about €2 billion) over the next decade to fuel its development strategy. The...
Beac's bond auction meets success in inflation combat efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
Cameroun delays bond sale amid regional market strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...
Mayor of Bafoussam I explores Islamic Finance for local projects
Cyrille Ngnang, mayor of Bafoussam 1 in the West region, took part in the "Community Days of Islamic Finance-Cemac," held in Yaoundé from April 22 to 26....
Douala Municipality takes legal action against banks over loan guarantee for market project
Douala Urban Community (CUD) filed a lawsuit on November 2, 2023, against Afriland First Bank (AFB), Commercial Bank-Cameroon (CBC), and Sicc Congo...
BEAC to introduce new coin range to tackle persistent shortage
The Bank of Central African States (BEAC) is set to release a new range of coins in 2024, according to internal sources at the central bank. The...
Market Cap: Bvmac still below targets despite near 37% surge in 2023
The most recent Monetary Policy Report from the Central Bank of Central African States (BEAC), released in March 2024, indicates a substantial surge in...
Douala partners with MTN Cameroon to modernize payment and transportation systems
The Mayor of Douala, Roger Mbassa Ndine, Mitwa Ng'ambi, CEO of MTN Cameroon, and Alain Nono, General Manager of Mobile Money Corporation (MMC), signed a...
Beac's latest bond issuance fails as Cemac banks hold back amid liquidity concerns
Commercial banks within the CEMAC zone abstained from participating in the bond issuance by the Bank of Central African States (BEAC) on April 8. This...
CAR seeks $200mln in domestic market with eye on Cameroonian investors
The Central African Republic is planning to raise CFA200 billion on the domestic market this year: $100 million in treasury bonds and the rest in...
BEAC launches bond series to withdraw CFA150bn from CEMAC banking sector
Between April 8 and April 22, 2024, the Bank of Central African States (BEAC) plans to initiate three bond issuance operations, aiming to withdraw a total...
AfDB inaugurates Central Africa regional office in Yaoundé, Cameroon
The African Development Bank Group (AfDB) is set to officially open its new regional office for Central Africa in Yaoundé, Cameroon, on April 12,...
BEAC withdraws CFA63bn in a week to curb CEMAC inflation
The Bank of Central African States (BEAC) has successfully withdrawn a total of CFA63 billion from the banking system in two operations. This move is part...
Afriland Bourse & Investment CEO warns of overreliance on state bond debt in CEMAC markets
In an interview with Business in Cameroon, the CEO of Afriland Bourse & Investment expressed concern over the CEMAC states' increasing dependence on...
Central African public debt market sees 17.1% growth amid tighter monetary policies
As of January 31, 2024, the total outstanding public securities issued by the CEMAC states on the Beac public securities market reached CFA6,408.5...
Beac targets $394mln withdrawal from commercial banks to curb CEMAC inflation
The Bank of Central African States (Beac) initiated a liquidity withdrawal operation on April 2, 2024, aiming to pull CFA230 billion ($394 million) from...
Douala Port's creditworthiness affirmed with A ratings, paving the way for future expansion
The Port Authority of Douala, responsible for managing the port infrastructure of Cameroon's economic capital, has retained its long-term A and short-term...
Tony Elumelu claims over CFA1.6bn support for 689 Cameroonian entrepreneurs in 10 years
The Tony Elumelu Foundation, established by Nigerian billionaire and owner of the United Bank for Africa (UBA) group, claimed it has provided financial...
Cameroon sees 3.2% hike in consumer interest rates between Q1 and Q2 2023
Interest rates for individuals have seen an increase of 3.2% between the first and second quarters of 2023 in Cameroon, data from the central bank Beac...
Cameroon: Businesses see surge in bank lending in Q2 2023, despite Beac’s tight policies
Banks and financial institutions operating in Cameroon provided businesses in the country with loans totaling CFA1,311.6 billion between April and June...
CEMAC: Investment financing drops to 19.6% of total lending in Q2 2023
Banks operating in the CEMAC region primarily issued short-term loans, with durations under 24 months, over the second quarter of 2023 as reported by the...
Central African interest rates climb in Q2 2023, Cameroon leads the surge
The average interest rates applied by banks in the Economic and Monetary Community of Central Africa (CEMAC) increased by 106 basis points (1.06%) between...
BVMAC initiates share split to enhance financial inclusion in Central Africa
The Central African Securities Exchange (BVMAC) plans to split shares to make financial market participation more accessible to low-income populations....
BDEAC launches first multi-tranche bond issue to raise CFA50bn
The Central African States Development Bank (BDEAC) is poised to open subscriptions for its inaugural 2024 bond issuance on March 4 at the Central African...
Cemac: Beac rejects cryptocurrency regulation amid fintech demands
In response to pressing calls from fintech companies to regulate cryptocurrencies in the CEMAC region, the Central Bank of Central African States (BEAC)...
Advans Cameroun secures €2mln guarantee for rural agricultural financing
Advans Cameroun, a microfinance institution that specializes in providing financial support to very small businesses (VSB), received a portfolio guarantee...
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