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Yaoundé - 18 November 2019 -

Finance


cameroon-confirms-its-status-of-cemac-s-financial-center

Cameroon confirms its status of CEMAC’s financial center

The latest bond, whose issuance period ran from September 20 to October 2, 2019, by Gabon recorded a 126% subscription rate. With the authorization of...
cameroon-glass-factory-socaver-boosts-production-capacity-with-xaf5-3-bln-investment
Friday 15 November 2019Finance

Cameroon: Glass factory Socaver boosts production capacity with XAF5.3 bln investment

Today, November 15, 2019, Cameroonian minister of industry Dodo Ndocké is inaugurating the new facilities of local glass-making company SOCAVER in Douala,...
cameroon-to-raise-xaf20-bln-on-beac-s-debt-market-on-nov-13-2019
Tuesday 12 November 2019Finance

Cameroon to raise XAF20 bln on BEAC’s debt market on Nov 13, 2019

On 13 November 2019, the Cameroonian public Treasury will issue 26-weeks fungible Treasury bills on Beac's security market. According to an official...
cemac-beac-commits-to-easing-new-exchange-regulation-for-oil-companies
Monday 11 November 2019Finance

CEMAC: BEAC commits to easing new exchange regulation for oil companies

“In an effort to establish a constructive dialogue and resolve differences of interpretation, Mr Abbas Mahamat Tolli (photo) invited extractive industry...
ecobank-s-non-interest-revenues-affected-by-beac-s-new-foreign-currency-regulatory-rules
Thursday 31 October 2019Finance

Ecobank’s non-interest revenues affected by BEAC’s new foreign currency regulatory rules

Ecobank Transnational Incorporated (ETI) reports that it generated $204 million of non-interest revenues, mainly driven by fees and commissions, in...
cameroon-no-scb-s-foreign-exchange-operations-were-rejected-in-sep-2019-beac
Thursday 31 October 2019Finance

Cameroon: No SCB’s foreign exchange operations were rejected in Sep 2019 (Beac)

Société camerounaise de banque (SCB), Cameroonian subsidiary of Moroccan banking group Attijariwafa Bank, recently presented the practical guide it...
cameroon-refunded-29-of-the-principal-obtained-during-ecmr-5-5-net-2016-2021-in-oct-2019
Friday 25 October 2019Finance

Cameroon refunded 29% of the principal obtained during “Ecmr 5.5% net 2016-2021” in Oct 2019

This month, October 2019, the Cameroonian public treasury refunded a little more than XAF48 billion out of the 5-year bond it issued in 2016, the ministry...
cemac-authorities-praise-a-rise-in-the-volume-of-currency-channeled-back-by-banks-to-the-beac
Thursday 17 October 2019Finance

CEMAC: Authorities praise a rise in the volume of currency channeled back by banks to the BEAC

At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
cameroonian-native-basile-tchakounte-becomes-fagace-s-acting-md
Monday 14 October 2019Finance

Cameroonian native Basile Tchakounté becomes Fagace’s acting MD

Last October 3, 2019, in Cotonou, Benin, members of the administrative board of the African Fund of Guarantee and Economic Cooperation (Fagace) appointed...
cemac-80-of-beac-s-liquidity-provisions-captured-by-unqualified-systemic-banks
Thursday 10 October 2019Finance

CEMAC: 80% of BEAC’s liquidity provisions captured by unqualified systemic banks

In a recent report dedicated to CEMAC countries’ economy, it is revealed that about 80% of the liquidities injected by the BEAC was provided to three...
cameroon-public-debt-rose-by-37-in-2-years-due-to-economic-program-with-the-imf-and-statutory-advances-to-beac
Wednesday 9 October 2019Finance

Cameroon: Public debt rose by 37% in 2 years due to economic program with the IMF and statutory advances to BEAC

Within 2 years, Cameroon’s publicly guaranteed debt rose by 37%. This was revealed by the minister of finance Louis Paul Motazé (photo) during his...
afriland-first-group-authorized-to-launch-operations-in-uganda
Tuesday 8 October 2019Finance

Afriland First Group authorized to launch operations in Uganda

Bank of Uganda officially announced, on October 4, 2019, the issuance of licenses to two new banks, including Afriland First Bank Uganda Limited,...
beac-new-banknotes-to-soon-be-issued
Friday 4 October 2019Finance

Beac: New banknotes to soon be issued

BEAC, the central bank of CEMAC countries, is preparing to put new banknotes into circulation. The information was revealed in Resolution N°7 of the...
cameroonian-economist-celestin-monga-quits-his-job-as-vice-president-of-the-afdb
Wednesday 2 October 2019Finance

Cameroonian economist Célestin Monga quits his job as vice-president of the AfDB

Renowned Cameroonian economist Célestin Monga officially quit his position as the vice-president of the African Development Bank (AfDB). According to...
bcp-finalizes-the-acquisition-of-68-5-stake-in-bicec
Wednesday 2 October 2019Finance

BCP finalizes the acquisition of 68.5% stake in Bicec

On October 1st, 2019, Morrocan banking group Banque centrale Populaire (BCP) officially finalized the acquisition of a 68.5% stake in Banque...
cameroon-raises-in-extremis-xaf20-bln-on-beac-s-market
Tuesday 1 October 2019Finance

Cameroon raises, in extremis, XAF20 bln on BEAC’s market

Once again, on September 25, 2019, Cameroon successfully concluded its XAF20 billion fungible bills operation on BEAC’s debt market. However, according to...
xaf12-bln-of-credit-granted-to-smes-in-2018-by-bc-pme
Friday 27 September 2019Finance

XAF12 bln of credit granted to SMEs in 2018 by BC-PME

In 2018, Banque camerounaise des petites et moyennes entreprises (BC-PME) granted XAF12.367 billion of loans to 846 SMEs, the national institute for...
cameroon-and-attijariwafa-bank-bandleaders-of-gabon-s-xaf100-bln-bond-issuance
Tuesday 24 September 2019Finance

Cameroon and Attijariwafa Bank, bandleaders of Gabon’s XAF100 bln bond issuance

Gabon just launched a bond issuance to raise XAF100 billion, official sources reveal. According to those sources, the funds raised during the operation...
cameroon-sept-18-2019-s-operation-oversubscribed-with-average-interest-rate-dropping-to-2-2
Friday 20 September 2019Finance

Cameroon: Sept 18, 2019’s operation oversubscribed with average interest rate dropping to 2.2%

On September 18, 2019, Cameroon once again successfully raised XAF10 billion on BEAC’s debt market. According to the release published after the operation...
cameroon-accredits-three-new-primary-dealers-for-its-debt-operations-in-beac-market
Thursday 19 September 2019Finance

Cameroon accredits three new primary dealers for its debt operations in BEAC market

Cameroon recently accredited three new credit institutions operating within CEMAC as primary dealers for its operations on BEAC’s security market. These...
cemac-in-aug-2019-interbank-transactions-reached-xaf56-5-bln
Wednesday 18 September 2019Finance

CEMAC: In Aug 2019, Interbank transactions reached XAF56.5 bln

In August 2019, interbank transactions within CEMAC were estimated at XAF56.5 billion, the community’s central bank BEAC indicates. Unlike the situation...
cameroon-seeks-xaf10-bln-on-beac-s-debt-market
Wednesday 18 September 2019Finance

Cameroon seeks XAF10 bln on BEAC’s debt market

Cameroon is issuing fungible treasury bills to raise XAF10 billion, today September 18, 2019. Subscription to these 26-week public securities can be done...
qatari-group-katara-hospitality-announces-investments-in-cameroon
Tuesday 10 September 2019Finance

Qatari group Katara Hospitality announces investments in Cameroon

Katara Hospitality is currently planning investment projects in Cameroon, Senegal and Nigeria. This was revealed on September 9, 2019, in Doha, Qatar, by...
cameroon-xaf20-bln-raised-on-beac-s-debt-market
Friday 6 September 2019Finance

Cameroon : XAF20 bln raised on BEAC's debt market

To fund its 2019 budget, Cameroon will raise from the BEAC’s public securities market XAF240 billion. According to the apex bank, this should be done by...
acam-vie-adds-xaf1-bln-to-share-capital
Wednesday 28 August 2019Finance

Acam Vie adds XAF1 bln to share capital

Via a legal notice published on August 28, 2019, insurance company Société assurances du Cameroun Vie SA (Acam Vie) informed that since May 2019, it...
beac-makes-xaf60-bln-liquidity-offer-to-banks-within-cemac
Wednesday 28 August 2019Finance

BEAC makes XAF60 bln liquidity offer to banks within CEMAC

On August 28, 2019, the Bank of Central African States (BEAC) made a liquidity offer of XAF60 billion to banks operating within CEMAC. The central bank...
cameroon-to-raise-xaf30-bln-on-aug-28-2019
Tuesday 27 August 2019Finance

Cameroon to raise XAF30 bln on Aug 28, 2019

Once again, Cameroon is on the BEAC’s security market to raise XAF30 billion. This fund will be raised via the issuance of 26-weeks fungible bills on...
cameroon-to-raise-xaf240-bln-in-beac-s-debt-market-in-q3-2019
Friday 23 August 2019Finance

Cameroon to raise XAF240 bln in BEAC’s debt market in Q3, 2019

Cameroon expects to raise XAF240 billion on the central bank of the Central African region BEAC’s public securities market to fund this year’s...
data-analysis-startup-philjohn-technologies-launches-fundraising-campaign-to-build-cameroon-s-first-data-analysis-innovation-center
Wednesday 24 July 2019Finance

Data analysis startup Philjohn Technologies launches fundraising campaign to build Cameroon’s first Data Analysis Innovation Center

Cameroonian data collection, storage, analysis and reporting startup Philjohn Technologies has launched a fundraising campaign to raise €700,000...
cameroon-societe-generale-launches-maison-de-la-pme-in-douala-to-support-local-smes
Monday 22 July 2019Finance

Cameroon : Société Générale launches "Maison de la PME" in Douala to support local SMEs

On July 18, 2019, in Douala, Cameroonian minister of SMEs Achille Bassilekin (photo at the centre) inaugurated maison de la PME. This institution was...
cameroon-must-refrain-from-new-non-concessional-borrowing-and-strictly-adhere-to-the-disbursement-plan-mitsuhiro-furusawa
Friday 19 July 2019Finance

Cameroon must refrain “from new non-concessional borrowing and strictly adhere to the disbursement plan” (Mitsuhiro Furusawa)

In the note published on July 17, 2019, concerning the disbursement of a new tranche of XAF45 billion to Cameroon, IMF’s deputy managing director...


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