Finance
Bvmac plans to increase capital, three years after the Cemac market unification
The Cemac stock exchange, Bvmac, announced plans to increase its share capital currently at CFA6.8 billion. This decision comes three years after the...
Cameroon: Temperature variations could reduce crop yield, Onacc warns
Cameroon: CHRC sets a toll-free number to denounce human rights abuses
Paul Biya says he will let the population know when he decides to leave power
Beac to oversee CAR's cryptocurrency project
The Bank of Central African States (Beac) will oversee the cryptocurrency adoption project ongoing in the Central African Republic. The decision was taken...
Cameroon: Rise in US Dollar inflates external debt service for July by CFA3bn
The rise in the US dollar will make Cameroon pay an extra CFA3 billion in external debt service for July 2022. The Minister of Finance’s Treasury...
Cameroon’s corporate debt is worrying, but still offers opportunities
The National Stats Institution (INS) recently issued a report on the financial and economic situation of the corporate world in Cameroon in 2021. The...
Cameroon to repay CFA287.6bn (+20%) in public debt interest in 2023
The Cameroonian government will repay CFA287.6 billion in public debt interest in 2023. The amount is up CFA48 billion, or 20.03%, compared to that in...
CEMAC: Bank loans slid by 5% in Q2 2021, despite the loosening of Covid-19 restrictions
The volume of bank loans in the Cemac region fell by 4.95% year-on-year during the second half of last year. This was a finding of the Bulletin of...
Cameroon raises CFA83bln on the Beac market to repay the previous loan
Cameroon made Wednesday the repayment of a loan of CFA83 billion on the Beac public securities market. The loan was contracted 26 weeks ago. To make this...
Individuals in Cemac received more bank credit than SMEs in H2 2021 (beac)
The Bank of Central African States (Beac) issued a note presenting the bank credit landscape in the Cemac during the second haft last year. Despite...
Cameroon to borrow CFA178bn on the Beac market in Q3 2022
The Cameroonian government planned to borrow CFA178 billion on the Beac public securities market in Q3 2022. According to its Q3 2022...
Euro falls against U.S. dollar, pegged CFA follows the rhythm
Euro, the currency used in 19 European countries, last July 5 slid by 1.5% against the U.S. dollar to its lowest rate in 20 years. Many reasons can...
Cameroon: IFC approves CFA2bn loan for SCE
The International Finance Corporation (IFC), the private arm of the World Bank, announced Tuesday it has granted a loan of $3.2 million (a little...
Cameroon: Car insurance companies to increase the cost of services
Car insurance companies in Cameroon entered negotiations with the government to increase the cost of their services. They say they were expecting the new...
Afriland First Bank CD shaken by internal conflicts fueled by malpractice accusations
For about a year now, Afriland First Bank CD - 95.6% owned by Afriland First Group- is ripped apart by internal conflicts. The bank’s majority shareholder...
BDEAC grants financing to Burundi, its first loan outside CEMAC
The Development Bank of Central African States (BDEAC) approved a total amount of CFA161.8 billion to finance 14 projects in the sectors of education,...
Cameroonian SMEs still awaiting the BADEA loan, more than a year after announcement
The Cameroonian government announced in March 2021 that it has requested a loan of $18.9 million (about CFA12.3 billion at the current value of the...
Islamic financing: Afriland First Bank signed a deal to support SMEs
Youssoufa Bouba, Deputy MD of Afriland First Bank, yesterday signed an agreement with the Islamic Corporation for the Development of the Private Sector...
6th bond issue: local investors pledge CFA196bln (82% of total amount)
Subscriptions for Cameroon’s 6th bond ended on May 25 with a total of CFA239 billion, we learn. Initially, the country was seeking to raise CFA200...
Afriland First Bank to sell its Ugandan subsidiary
The Bank of Uganda had on May 25 approved Afriland First Bank Uganda Limited's request for voluntary liquidation. The information was reported in a...
Emile Parfait Simb, promoter of Liyeplimal, arrested for cryptocurrency scam
Emile Parfait Simb, the promoter of Global Investment Trading (better known as Liyeplimal), which specializes in cryptocurrency investments, was arrested...
Cameroon closes roadshow for 6th bond issue with a target of CFA250bln
The Cameroonian Minister of Finance, Louis Paul Motazé, closed the roadshow of the country’s 6th bond issue yesterday May 23 in Yaoundé. According to...
Insurers join Cameroon’s 6th bond issue
Insurance companies in Cameroon prefer to turn to the government’s 6th bond issue, whose subscriptions end on May 25, 2022, rather than go to banks....
Cobac steps up vigilance on cryptocurrencies after DRC legalizes BTC
The Banking Commission of Central Africa (Cobac) unveiled last May 6 its decision to establish a system for identifying and reporting transactions related...
Bond issue 2022: Cameroon seeks to attract Gabonese and Congolese investors
The Cameroonian Minister of Finance, Louis Paul Motazé (pictured), launched today the roadshow for Cameroon’s 6th bond issue. The Treasury seeks to raise...
CCA-Bank seeks to increase its capital, currently at CFA10 billion
Crédit communautaire d'Afrique-Bank SA (CCA-Bank), Cameroon's 15th largest bank, is in the process of increasing its share capital, which currently stands...
Cameroon pays CFA1.7bn in interest on a 10-year loan on the Beac securities market
Yesterday May 9, Cameroon paid CFA1.750 billion in interest on the Beac public securities market. This interest payment is related to a 10-year fungible...
Salam, Allianz unveil merger plan
Insurance companies Salam (South African) and Allianz (German) are planning a merger. The information was reported Wednesday, May 4, 2022, in a press...
Cameroon gets Cosumaf approval for 6th bond issue
Cameroon received last April 29 the green light from Cosumaf, the Central African Financial Market Surveillance Committee, to proceed with its 2022 bond...
Cameroon spent CFA1.4 billion in new interest payment on the Beac market
Cameroon has spent a total of CFA1.4 billion in new interest payments on the Beac securities market. The payment is related to a 3-year fungible Treasury...
CEMAC: Outstanding bank loans grew by CFA24 billion (+1.3%) at end-2021
The outstanding bank loans (loans not repaid by borrowers, ed) within the Cemac region increased by CFA24 billion YoY (+1.3%) at the end of December 2021...
Cameroon becomes the most active player in the Beac securities market in Q1 2022, ahead of Gabon
The outstanding amount of securities held by the Cameroonian Treasury on the Beac securities market as of March 31, 2022, was estimated at a little more...
British Standard Chartered Bank exits 7 Middle Eastern and African countries, including Cameroon
The British banking group Standard Chartered Bank announced yesterday April 14 it is withdrawing from seven countries in Africa and the Middle East. The...
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