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Yaoundé - 07 February 2023 -

Finance


cameroon-adc-enters-the-regional-stock-exchange

Cameroon: ADC enters the regional stock exchange

State company Aéroports du Cameroun announced it is entering the regional stock market (Bvmac), becoming the first state-owned company to do so. The...
cameroon-signs-10-year-debt-restructuring-plan-with-trader-pstv
Tuesday 31 January 2023Finance

Cameroon signs 10-year debt restructuring plan with trader PSTV

Cameroonian Minister of Finance, Louis Paul Motazé, signed last week in Yaoundé a debt restructuring plan over 10 years with Maos Borg Gaard, Managing...
afriland-bgfi-team-up-on-projects-in-the-cemac-region
Monday 23 January 2023Finance

Afriland, BGFI team up on projects in the Cemac region

Afriland First Group, parent company of Afriland First Bank, signed last January 20 in Douala, a partnership deal with BGFI Holding Corporation, parent...
cameroon-seeks-to-raise-cfa245bn-on-the-beac-securities-market-in-q1-2023
Thursday 19 January 2023Finance

Cameroon seeks to raise CFA245bn on the Beac securities market in Q1 2023

The Cameroonian Treasury seeks to raise a total of CFA245 billion on the Beac public securities market between January and March 2023. According to the...
beac-market-cameroon-offered-highest-interest-rate-on-treasury-bills-in-december-2022
Wednesday 18 January 2023Finance

Beac market: Cameroon offered highest interest rate on Treasury bills in December 2022

In December 2022, the Cameroonian government offered an interest rate of 4.11% on its fungible treasury bills (BTAs) on Beac’s public securities market....
cemac-cameroon-captures-42-of-bank-loans-in-h1-2022
Monday 16 January 2023Finance

CEMAC: Cameroon captures 42% of bank loans in H1 2022

Cameroon alone captured 42% of the overall volume of new loans granted by banks operating within the cemac region during the first half of 2022. The...
bank-credit-supply-grew-11-45-yoy-in-h1-2022-official-data
Thursday 12 January 2023Finance

Bank credit supply grew 11.45% YoY in H1 2022 (official data)

The volume of new loans granted within the Cemac region increased by CFA350.2 billion year-on-year over the first six months of 2022. According to...
bgfibank-cameroon-acquires-aml30000-certification-first-bank-in-cameroon
Monday 19 December 2022Finance

BGFIBank Cameroon acquires AML30000 certification, first bank in Cameroon

BGFIBank once again proves its ambition to severely crack down on money laundering. The bank acquired on December 1, 2022, the AML 30 000...
beac-puts-new-bankotes-into-circulation
Friday 16 December 2022Finance

Beac puts new bankotes into circulation

The Bank of Central African States Beac put yesterday December 15 new banknotes “type 2020” into circulation within the Cemac region. The new range...
bdeac-6-net-bond-issue-2022-2029-a-successful-operation
Friday 16 December 2022Finance

BDEAC 6% NET Bond Issue 2022-2029 : a successful operation

The President of the Development Bank of Central African States (BDEAC) held on December 15, 2022 at the Yaounde Hilton Hotel, a conference to present the...
brewer-sabc-rebrands-launches-5-year-cfa200bn-investment-program
Tuesday 13 December 2022Finance

Brewer SABC rebrands, launches 5-year CFA200bn investment program

Brewing Company SABC, formerly known as Société Anonyme des brasseries du Cameroun, announced its rebranding into Société Anonyme des boissons du...
africa-should-turn-its-back-on-development-aid-paul-biya-says
Tuesday 13 December 2022Finance

Africa should turn its back on development aid, Paul Biya says

Cameroonian President Paul Biya urges Africans to think about building an African capital market to gradually move away from the development aid system,...
cameroon-worldremit-expects-business-to-grow-in-2023-despite-world-bank-s-downward-forecast-for-ssa
Tuesday 13 December 2022Finance

Cameroon: WorldRemit expects business to grow in 2023 despite World Bank's downward forecast for SSA

British online remittance transfer platform WorldRemit, leader on the global market, revealed in a recent note that the Cameroonian diaspora sent a total...
bdeac-issued-3rd-consecutive-bond-on-bvmac-seeking-cfa78-billion
Wednesday 7 December 2022Finance

BDEAC issued 3rd consecutive bond on Bvmac, seeking CFA78 billion

The Development Bank of Central African States (BDEAC) announced the launch of its third consecutive bond issue on the Douala-based Central African Stock...
fitch-maintains-b-rating-for-cameroon-despite-security-and-governance-challenges
Wednesday 7 December 2022Finance

Fitch maintains B rating for Cameroon, despite security and governance challenges

The U.S. agency Fitch Ratings issued a report on December 2 maintaining Cameroon's rating at B with a stable outlook on all long-term foreign currency...
mufid-union-lays-plans-to-become-an-agricultural-financing-leader
Friday 25 November 2022Finance

MUFID Union lays plans to become an agricultural financing leader

During its ordinary general assembly meeting on October 29, 2022, MUFID Union, the association of Cameroonian financial mutuals, reviewed the actions to...
the-beac-governor-has-a-negative-view-of-cryptocurrencies
Wednesday 23 November 2022Finance

The Beac governor has a negative view of cryptocurrencies

The governor of the Bank of Central African States (Beac) still has a negative view of cryptocurrencies despite their popularity in the community. During...
cemac-symposium-suggests-deep-reform-of-the-cfa-franc
Tuesday 22 November 2022Finance

CEMAC: Symposium suggests "deep" reform of the CFA Franc

The CFA Franc reform being demanded since 2019 concerns the current mechanisms for monetary cooperation with France.   Last November 17-18, a...
cameroon-afriland-first-bank-enters-partnership-with-bmn
Thursday 17 November 2022Finance

Cameroon: Afriland First Bank enters partnership with BMN

Afriland First Bank Cameroon is signing today November 17 in Yaoundé a partnership with the Enterprise Upgrading Office (BMN) under the National Program...
cameroon-seeks-20-bln-on-the-beac-public-securities-market
Wednesday 16 November 2022Finance

Cameroon seeks 20 bln on the Beac public securities market

Cameroon issued yesterday 6-year fungible Treasury bonds (OTA) to raise CFA20 billion on the Beac public security market. To attract investors, the...
danpullo-fnb-court-approves-seizure-of-xaf243-bln-south-african-assets-in-response-to-judicial-liquidation-proceedings
Tuesday 15 November 2022Finance

Danpullo-FNB: Court approves seizure of XAF243 bln South African assets in response to judicial liquidation proceedings

Over the past few years, South African bank FNB has seized and auctioned some of the Cameroonian business mogul Baba Danpullo’s properties in South...
outstanding-govt-securities-reached-cfa5-129bn-at-the-end-of-october-2022-on-the-beac-market
Monday 14 November 2022Finance

Outstanding govt securities reached CFA5,129bn at the end of October 2022 on the Beac market

The outstanding debt contracted by the CEMAC States (Cameroon, Congo, Gabon, Chad, CAR, and Equatorial Guinea) through public securities on the Beac...
euro-down-19-against-us-dollar-cameroon-s-debt-up-cfa573bn
Thursday 10 November 2022Finance

Euro down 19% against US dollar, Cameroon’s debt up CFA573bn

Between September 2021 and September 2022, the Euro lost 19% of its value against the US dollar. Richard Evina Obam, the Director General of the...
beac-to-reveal-new-banknotes-at-the-50th-anniversary-celebrations-in-chad
Tuesday 8 November 2022Finance

Beac to reveal new banknotes at the 50th-anniversary celebrations in Chad

The Bank of Central African States (Beac) announced yesterday the celebration of its fiftieth anniversary. During this ceremony, which will take place...
gabonese-reinsurer-scg-re-woos-cameroonian-investors
Monday 7 November 2022Finance

Gabonese reinsurer SCG-Ré woos Cameroonian investors

Gabonese reinsurer Commercial Reinsurance Company (SCG-Ré) sent a delegation last November 4 to Cameroon as part of its IPO on the Douala-based regional...
cameroonian-female-entrepreneur-jacqueline-dongmo-raised-cfa50bn-to-launch-business
Monday 7 November 2022Finance

Cameroonian female entrepreneur Jacqueline Dongmo raised CFA50bn to launch business

Jacqueline Dongmo, a Cameroonian entrepreneur and founder of Coca-Cola Gracedom Bottling Company, successfully raised CFA50 billion to launch her...
cameroon-src-to-recover-cfa34bln-in-bad-debt-from-ubc
Monday 31 October 2022Finance

Cameroon: SRC to recover CFA34bln in bad debt from UBC

Cameroon’s debt recovery company SRC announced it is implementing a strategy to recover CFA33.999 billion in bad debts from the Union bank of Cameroon...
strong-dynamic-on-public-securities-market-to-boost-financial-activities-in-cameroon-in-q4-2022-beac
Monday 31 October 2022Finance

Strong dynamic on public securities market to boost financial activities in Cameroon in Q4 2022 (Beac)

Financial activities in Cameroon are expected to improve significantly in the last three months of 2022. According to Beac’s business cycle forecast, this...
prudential-plc-supporting-a-just-and-inclusive-transition
Thursday 27 October 2022Finance

Prudential plc: Supporting a just and inclusive transition

Prudential plc (Prudential) has today launched a white paper to outline the case for a just and inclusive transition, and its place in meeting the Paris...
insurer-sl-financial-to-enter-cameroon
Tuesday 25 October 2022Finance

Insurer SL Financial to enter Cameroon

Insurance company SL Financial, founded in the U.S. by Cameroonian Achille Sime (pictured, middle), announced it is opening a subsidiary in Douala,...
four-cameroonian-banks-led-the-cemac-credit-market-in-q1-2022
Thursday 13 October 2022Finance

Four Cameroonian banks led the Cemac credit market in Q1 2022

Four Cameroonian banks dominated the banking credit market in the Cemac region over the first quarter of 2022. Afriland First Bank, SCB Cameroon, Société...


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