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Yaoundé - 02 April 2020 -

Finance


covid-19-beac-initiates-easing-measures-to-facilitate-crusade-against-the-virus

Covid-19: Beac initiates easing measures to facilitate crusade against the virus

On March 27, 2020, members of the BEAC Monetary Policy Committee held a videoconference to find solutions to the coronavirus crisis affecting the world,...
cameroon-to-raise-xaf45-bln-on-the-public-securities-market-to-fight-the-coronavirus-pandemic
Friday 27 March 2020Finance

Cameroon to raise XAF45 bln on the public securities market to fight the coronavirus pandemic

On April 8, 2020, Cameroon will launch the first bond of a series of three on the BEAC money market. According to internal sources at the Ministry of...
coronavirus-cobac-prescribes-caution-in-the-restructuration-of-affected-companies-debts
Thursday 26 March 2020Finance

Coronavirus: Cobac prescribes “caution” in the restructuration of affected companies’ debts

"The impact of this global health crisis, although difficult to determine in terms of scale and duration, will affect the repayment capacity of several...
cemac-beac-temporally-suspends-liquidity-absorbing-operations-to-assess-the-impacts-of-the-coronavirus-health-crisis
Thursday 26 March 2020Finance

CEMAC: Beac temporally suspends liquidity-absorbing operations to assess the impacts of the coronavirus health crisis

The BEAC will stop, for one week (April 2 to 26), its liquidity-absorbing operations in the CEMAC region, according to a statement signed, on March 24, by...
cemac-interbank-transactions-rose-to-slightly-over-xaf3-500-bln-in-2019
Tuesday 24 March 2020Finance

CEMAC: Interbank transactions rose to slightly over XAF3,500 bln in 2019

In the CEMAC region, the volume of interbank transactions was XAF3,500.3 billion in 2019, according to recent data published by the central bank...
cemac-cameroon-records-2nd-poor-performance-in-the-beac-debt-market
Tuesday 24 March 2020Finance

CEMAC: Cameroon records 2nd poor performance in the BEAC debt market

On March 18, 2020, Cameroon was unable to raise the complete XAF10 billion it was seeking on the BEAC debt market via the issuance of 52-week fungible...
commercial-bank-cameroon-doubles-equity-capital-to-xaf23-bln-under-performance-contract-with-cameroon
Wednesday 18 March 2020Finance

Commercial Bank-Cameroon doubles equity capital to XAF23 bln under performance contract with Cameroon

Under a performance contract with the government since 2018, Commercial Bank-Cameroon (CBC) almost doubled its equity capital.   "From XAF12 billion...
cemac-towards-the-elaboration-of-a-business-plan-for-bvmac-s-central-custodian
Tuesday 17 March 2020Finance

CEMAC: Towards the elaboration of a business plan for BVMAC’s central custodian

The BEAC recently launched the recruitment of a consultant that will elaborate on a business plan for the central custodian of CEMAC unified stock...
exxon-mobil-and-petronas-plan-to-dispose-of-stakes-in-chad-cameroon-oil-pipeline
Tuesday 17 March 2020Finance

Exxon-Mobil and Petronas plan to dispose of stakes in Chad-Cameroon oil pipeline

“Malaysia’s state-owned oil giant Petronas is working with an adviser on the potential disposal of its 35% stake in the Chad project, with Exxon working...
cameroon-to-return-on-the-beac-s-debt-market-on-march-18-to-raise-xaf10-bln
Tuesday 17 March 2020Finance

Cameroon to return on the BEAC’s debt market on March 18 to raise XAF10 bln

Tomorrow March 18, the Cameroonian public treasury will try to raise XAF10 billion on the BEAC’s debt market, official sources reveal. The securities to...
beac-seeks-firm-to-elaborate-the-2020-2025-business-plan-for-the-bvmac
Monday 16 March 2020Finance

BEAC seeks firm to elaborate the 2020-2025 business plan for the BVMAC

The Bank of Central African States (BEAC) recently launched a bid solicitation to recruit a firm that will elaborate on the 2020-2025 business plan for...
cemac-member-countries-seek-over-xaf2-500-bln-for-12-integration-projects
Friday 13 March 2020Finance

CEMAC member countries seek over XAF2,500 bln for 12 integration projects

The six CEMAC countries will organize, in July 2020, a round table of investors and partners to raise funding for 12 integration projects in the...
cemac-beac-announces-liquidity-absorbing-operations-to-preserve-monetary-stability
Thursday 12 March 2020Finance

CEMAC: BEAC announces liquidity-absorbing operations to preserve monetary stability

In the CEMAC region, the money market committee has decided to launch liquidity-absorbing operations. According to the Bank of Central African States,...
beac-cameroon-s-treasury-bills-showed-yield-curves-between-2-5-and-3-3-on-the-debt-market-in-feb-2020
Tuesday 10 March 2020Finance

BEAC: Cameroon’s treasury bills showed yield curves between 2.5 and 3.3% on the debt market in Feb 2020

In February 2020, the yield curve of fungible treasury bills issued by Cameroon ranged from 2.5 to 3.3%, depending on the maturity date. This was...
cemac-societe-generale-creates-sg-capital-cemac-for-its-brokerage-activities-on-the-bvmac
Monday 9 March 2020Finance

CEMAC: Societe Generale creates SG Capital Cemac for its brokerage activities on the BVMAC

Societe Generale Capital Securities Central Africa. This is the name of the company through which the French banking group Societe Generale will now...
cameroon-new-fungible-treasury-bonds-issuance-to-be-carried-out-on-march-4-2020
Tuesday 3 March 2020Finance

Cameroon : New fungible treasury bonds issuance to be carried out on March 4, 2020

Once again, Cameroon will try to raise XAF20 billion on the BEAC’s government securities market, according to an official release. The operation planned...
cameroon-public-treasury-raised-xaf643-bln-via-issuance-of-government-securities-in-2019
Tuesday 25 February 2020Finance

Cameroon : Public treasury raised XAF643 bln via issuance of government securities in 2019

In 2019, Cameroon raised XAF643 billion on government securities markets. This was revealed on February 20, 2020, by Minister of Finance Louis Paul Motaze...
gabon-and-safacam-s-bonds-get-listed-on-the-bvmac
Friday 21 February 2020Finance

Gabon and Safacam’s bonds get listed on the BVMAC

Today, Feb 21, two bonds issued in the Central African region last year were listed on the Unified Stock Exchange of Central Africa (BVMAC), the stock...
cameroon-sabc-estimates-fy2019-consolidated-net-income-at-xaf16-bln-down-34-yoy
Wednesday 19 February 2020Finance

Cameroon: SABC estimates FY2019 consolidated net income at XAF16 bln, down 34% YoY

In a press release to investors, published on 21 January 2020, Société Anonyme des Brasseries du Cameroun (SABC), a subsidiary of French group Castel,...
cameroon-bacm-announces-xaf7-1-bln-of-provisional-net-result-17-up-yoy-in-2019
Wednesday 19 February 2020Finance

Cameroon : BACM announces XAF7.1 bln of provisional net result, 17% up YoY in 2019

Banque Atlantique Cameroun (BACM) informs that it achieved a provisional net result of XAF7.1 billion during the 2019 financial year, representing a 17%...
cameroon-to-be-back-on-beac-s-debt-market-on-feb-19
Tuesday 18 February 2020Finance

Cameroon to be back on BEAC’s debt market on Feb 19

The Cameroonian public treasury will be back on the government securities market of the Bank of Central African States (Beac) on February 19, 2020. This...
cameroon-records-its-first-poor-performance-on-beac-s-public-securities-market
Monday 17 February 2020Finance

Cameroon records its first poor performance on BEAC’s public securities market

During the 26-week fungible treasury bills issuance of Feburay 12, 2020, on BEAC’s debt market, Cameroon was unable to raise the XAF20 billion it was...
cemac-cobac-and-credit-institutions-agree-on-guaranteed-minimum-services
Friday 14 February 2020Finance

CEMAC : COBAC and credit institutions agree on guaranteed minimum services

At the end of a consultation held in Libreville, Gabon, on Feb 13, the Central African Banking Commission (COBAC) and banks operating in the CEMAC region...
cemac-cameroon-to-issue-26-week-fungible-treasury-bills-on-feb-12-2020
Friday 7 February 2020Finance

CEMAC : Cameroon to issue 26-week fungible treasury bills on Feb 12, 2020

On February 12, 2020, the Cameroonian Treasury will issue 26-week fungible treasury bills on the BEAC’s government securities market, in an attempt to...
cameroon-tax-and-customs-revenues-reached-xaf2-800-bln-in-2019-provisional-figures
Wednesday 5 February 2020Finance

Cameroon : Tax and customs revenues reached XAF2,800 bln in 2019 (Provisional figures)

In Cameroon, the provisional figure for tax and customs revenues collected during the 2019 fiscal year stands at XAF2,800 billion against a target of...
cameroon-repaid-xaf309-bln-of-debt-in-local-and-sub-regional-capital-markets-in-2019
Tuesday 4 February 2020Finance

Cameroon repaid XAF309 bln of debt in local and sub-regional Capital markets in 2019

Last year, Cameroon dedicated XAF309 billion to the repayment of debts contracted on the local and sub-regional capital markets (BEAC’s securities market...
cameroon-repatriated-xaf644-bln-of-exports-revenues-in-2019
Tuesday 4 February 2020Finance

Cameroon repatriated XAF644 bln of exports revenues in 2019

During the 2019 fiscal year, Cameroon successfully repatriated XAF644.721 billion of exports revenues. According to the Ministry of Finance, which...
cameroon-outstanding-public-debt-reached-xaf8-384-bln-37-4-of-gdp-at-end-2019
Tuesday 28 January 2020Finance

Cameroon : Outstanding public debt reached XAF8,384 bln (37.4% of GDP) at end 2019

As of December 31, 2019, the outstanding public and publicly guaranteed debt (all debts contracted by the State, companies and other public institutions)...
cemac-cameroon-tries-to-raise-xaf50-bln-on-money-market-on-jan-29-2020
Monday 27 January 2020Finance

CEMAC : Cameroon tries to raise XAF50 bln on money market on Jan 29, 2020

The Cameroonian Treasury will continue to roll out its calendar of operations on the BEAC securities market, for the fiscal year 2020, on January 29th....
attracted-by-about-xaf4-000-bln-of-savings-cameroon-plans-to-be-more-active-on-the-local-financial-market-than-in-foreign-markets
Wednesday 22 January 2020Finance

Attracted by about XAF4,000 bln of savings, Cameroon plans to be more active on the local financial market than in foreign markets

After the experience of the Eurobond in 2015, which enabled the Cameroonian Treasury to raise an envelope of XAF375 billion (for an expressed need of...
sabc-initiates-its-departure-from-euronext-paris-to-comply-with-cameroonian-rules
Wednesday 22 January 2020Finance

SABC initiates its departure from Euronext Paris to comply with Cameroonian rules

Brasseries et glacières Internationales (BGI), the largest shareholder of brewery group Société Anonyme des Brasseries du Cameroun (SABC), wants to buy...


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Business in Cameroon n85: March 2020

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