Finance
CEMAC: BEAC announces the launch of eTransfert to speed up the processing of wire transfer requests
The Bank of Central African States (BEAC), the central bank of CEMAC countries, announces that on September 1, 2020, it will officially...
The ONACC warns of heavy rainfalls and high risks of gutters overflowing
Cameroon renounces the concession of more than 130,000 ha of forest area in the Littoral
Vallée du Ntem: Residents oppose Neo Industry’s planned investment
National Bank of Equatorial Guinea obtains business license for its subsidiary in Cameroon
Bange Bank Cameroon SA, a subsidiary being set up by the National Bank of Equatorial Guinea (Bange) in Cameroon, was issued a business license by the...
Moody’s confirms Cameroon’s “stable” issuer rating
On August 7, 2020, Moody’s published a release confirming the stable outlook of Cameroon’s issuer rating. "The stable outlook reflects Moody's view...
Chanas Assurance S.A. posts XAF683.4 mln net profit for 2019, up by 16.2% YoY
Cameroonian insurance company Chanas Assurances, majority-owned by National Hydrocaborns company SNH, informs that it recorded XAF683.4 million of net...
Cameroon: Customs revenues rose by XAF161.9 bln over 2015-2019
In the current edition of our monthly magazine, we mistakenly asserted that the departure, in October 2015, of Minette Libom Li Likeng from the...
MTN Cameroon to soon offer mobile savings and loans services
MTN Cameroon is currently finalizing MoMoKash, its platform aimed at providing savings and microcredit services via mobile phones. This was confirmed by a...
CEMAC: BEAC plans to buyback XAF600 bln of members’ debt
During its July 22 videoconference presided by Abbas Mahamat Tolli, the BEAC’s Monetary Policy Committee (MPC) authorized a punctual targeted bond buyback...
Ecobank Cameroon seeks firm to elaborate its risk map
Ecobank recently launched a tender process to select a firm that will create the risk map of its operations per articles 87 and 88 of the rules laid out...
Covid-19: EU member countries estimate their support to Cameroon at over CFAF18 bln
The institutions and member states of the European Union estimate their support for Cameroon in the framework of the coronavirus pandemic at over CFAF18...
Crédit du Sahel posts a total balance sheet of CFAF22 bln for FY2019
Crédit du Sahel, the leader in the microfinance sector in northern Cameroon, posted a total balance sheet of CFAF 22 billion for the 2019 fiscal...
Cameroon to raise CFAF25 bln on the BEAC money market on Jul 15 via issuance of T-bills
The Cameroonian government will be back on the Beac money market on July 15, 2020, according to an official release from the Ministry of Finance. This...
In 2019, the BDEAC exceeded a yearly commitment level of CFAF200 bln for the first time
The Development Bank of the Central African States (BDEAC) provided CFAF271 billion of financial assistance for the implementation of 18 projects in the...
CEMAC: Member countries raised CFAF262.3 bln on the money market in March 2020
CEMAC countries raised CFAF262.3 billion on the money market in March 2020, according to the monthly statistics bulletin published by the Bank of Central...
Cameroonian Jules Ngankam has been appointed interim MD of the African Guarantee Fund
The African Guarantee Fund (AGF), presented as the first pan-African guarantee fund dedicated to SMEs, recently announced the appointment of the...
Cameroon plans to raise CFAF110 bln on the BEAC market in Q3-2020
The Cameroonian Treasury recently published the provisional calendar of its public securities’ issuance on the Bank of Central African States (Beac)...
CBC plans to increase social capital to CFAF16.5 bln, after CFAF2.5 billion positive result in 2019
Commercial Bank-Cameroon (CBC) informs that it achieved a positive result of CFAF 2.5 billion as of December 31, 2019. This represents an increase of CFAF...
Afriland First Group listed in a fraud and corruption case in the DRC
Banking group Afriland First Group, created by Cameroonian billionaire Paul Kammogne Fokam (photo), is indexed in a corruption and fraud practice case...
Douala Port authority realizes CFAF5.37 bln of net profits for FY2019, up 162.7% YoY
The Port Authority of Douala (PAD) informs that at the end of the financial year ending December 31, 2019, it realized a net profit of CFAF 5.37 billion,...
CEMAC: Cameroonian banks captured 20% of liquidity injected by the BEAC in Feb 2020
In the framework of its liquidity-injection operations, the BEAC provided CFAF16.6 billion of liquidity to credit institutions operating in the community...
CEMAC: Member countries raised CFAF168 bln via issuance of T-bills, CFAF0 for T-bonds
In the recently published BEAC’s monthly statistics bulletin, the Bank of Central African States (Beac) informs that on the primary market of CEMAC's...
Leasing operator Alios Finance pays amortization of its 2018 bond loan
Leasing company Alios Finance Cameroon has, since June 19, 2020, released CFAF539 million to the central depository of the Central African Unified Stock...
CEMAC: External fundings saved foreign reserves from adverse effects of Covid-19, the Beac says
On June 24, the second meeting of the Bank of Central African States’ (BEAC) monetary policy committee was held, official sources reveal. At the end of...
Cameroon’s money stock grew by 14% YoY in Feb 2020
Between February 2019 and February 2020, Cameroon’s money stock increased by 14.3%, from CFAF4,897.5 billion to CFAF5,598.7 billion. According to the...
SEMC dashes shareholders’ expectations with 2019 net profits five times below projections
Société des eaux minérales du Cameroun (SEMC), a company listed on the Central African Unified Stock Exchange, closed 2019 with a net result a little over...
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