Finance
CAR’s Touadéra agrees to revise the law on Bitcoin
The President of the Central African Republic, Faustin Archange Touadéra, has pledged to respect the rules governing the financial environment of the...
Cameroon’s govt to develop 800 ha of agricultural land in the Benue Valley, North region
Hyscacam blames fuel shortage for the disruption in waste collection
Flooding in the Far North has affected over 314,000 people in 2022
Cemac Heads of State make progress on the CFA reform during their latest meeting
During their latest meeting last March 17 in Yaoundé, the Cemac Heads of State decided on a gradual revision of the monetary cooperation framework with...
Cemac: Bank credit supply to large companies down 18.2% YoY in Q3 2022
The volume of bank credit received by large companies in the Cemac region dropped by 18.2% year-on-year in the third quarter of 2022, official Beac data...
Bank credit: Cameroon showed the lowest quarterly interest rate increase in Cemac in Q3 2022
Interest rates on banking credits within the Cemac region increased by an average of 46 basis points from 10.29% to 10.75% YoY between July and September...
Cameroon captures nearly 65% of bank credits in Cemac in Q3 2022
Cameroonian borrowers confirmed their leadership in the Cemac, absorbing 64.6% of all bank credit approved in the region during the third quarter of 2022....
Bank credit supply down 13% in Q3 2022 in the Cemac region
The volume of banking credit approved within the Cemac region fell from CFA2,043.04 billion in Q3 2021 to CFA1,769.95 billion in Q3 2022, the...
Beac governor confirms the upcoming listing of Commercial Bank Cameroun
Abbas Mahamat Tolli, governor of the Bank of Central African States, announced the upcoming listing of Commercial Bank Cameroun (CBC) on the regional...
Orange Cameroon opens its arms to rivals’ customers
Orange Cameroon announced it has opened its mobile money service to users of MTN, Nexttel and Camtel. Subscribers of these operators can now have an...
Cameroon is losing banks' support on the Beac public securities market, Finance Minister says
Most banks approved by Cameroon as Primary Dealers (SVT) on the Beac public securities market are showing less and less interest in operations made by the...
Beac securities market: Cameroon raises interest rates on short-term borrowings, again
Cameroon raised the interest rates on its short-term borrowing on the Beac public securities market in January 2023. From 3%, the average interest rate on...
Cameroon seeks CFA450bn on the regional market in 2023
Cameroon’s government plans to raise a total of CFA450 billion through securities issues this year. As part of this plan, the Minister of Finance, Louis...
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
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
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
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
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
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)
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
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
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
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
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
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
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
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
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
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
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
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
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
Cameroon issued yesterday 6-year fungible Treasury bonds (OTA) to raise CFA20 billion on the Beac public security market. To attract investors, the...
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