Finance
CEMAC: Towards the creation of a regional credit information bureau
On April 20, the Bank of Central African States (Beac) issued a pre-qualification notice for the selection of a technical and strategic partner to...
Customs authorities seized over 6,000 contraband Covid-19 test kits in Douala
Former first lady Germaine Ahidjo has passed on
Distribution of public wage between public servants unveiled
Cameroon: Eurobond REPCAM 9.5% 19 nov 2025 becomes attractive days after refinancing announcement
Since the announcement of the choice of Rothschild & Co as the lead arranger of Cameroon's second Eurobond operation, the quality of REPCAM...
Cameroon: Top 5 of the local banks with the highest outstanding bank loans at end-Feb 2021
As at end-February 2021, the volume of outstanding loans granted by the 15 banks operating in Cameroon was XAF3,956.3 billion, according to data from the...
Louis Paul Motazé cautions residents against unlicensed microfinance institutions
Minister of Finance Louis Paul Motazé recently published a list of the 415 microfinance institutions approved in Cameroon as of December 31, 2020. In...
Cameroon: Outstanding bank loans rose by XAF43.6 bln MoM in Feb 2021 (BEAC)
From XAF3,912.4 billion in January 2021, the volume of outstanding bank loans in the Cameroonian banking sector rose to XAF3,956.3 billion in...
Rothschild & Co to arrange Cameroon’s 2nd Eurobond operation
The second Eurobond to be issued in Cameroon’s history will be arranged by multinational investment bank and financial services...
Cameroon elaborates XAF871 bln plan to revive the post-Covid-19 economy
To revive its economy, which entered recession in 2020 (-2.6%) due to the Covid-19 pandemic, the Cameroonian government elaborated a three-year plan...
Covid-19: BADEA to support heavily affected Cameroonian SMEs with XAF10.4 bln
The Arab Bank for Economic Development in Africa (BADEA) recently agreed to support Cameroonian SMEs heavily affected by the coronavirus pandemic....
Cameroon: Ecobank Group offers to refinance XAF450 bln Eurobond
Bankers are already expressing interest in the refinancing of Cameroon’s 2015 Eurobond, whose amortizations are scheduled to start in...
Cameroon: Pension fund CNPS posts XAF72.3 bln net profit for 2020 despite Covid-19
On March 19, 2021, the 2020 management report of Cameroon’s National Social Insurance Fund (CNPS) was validated by the board of directors. The...
Cameroon: Debt recovery agency SRC to auction four buildings to refund bankrupted banks’ clients
In the coming days, four buildings located in the two Cameroonian capitals will be auctioned by Cameroon’s debt recovery agency SRC (Société de...
Alios Finance Cameroon releases XAF521 million to amortize its Alios 5.75% Net 2018-2023" bond
Alios Finance Cameroon will release XAF521 million to repay part (XAF444.4 million) of the "Alios 5.75% Net 2018-2023" bond plus XAF76.6...
BICEC board appoints Outman Roqdi as new MD
On March 10, 2021, the board of directors of the Banque internationale du Cameroun pour l’épargne et le crédit (Bicec), which is a subsidiary...
BDEAC invests XAF1.7 bln in a hotel project in Douala
Last March 9th, in Douala, Fortunato-Ofa Mbo Nchama (photo), president of the Development Bank of the Central African States (BDEAC) signed a...
Cameroon: Outstanding credits rose by 6.7% YoY in 2020 despite the coronavirus pandemic
In 2020, despite some banks’ reluctance to grant loans to individuals (because of the fallouts of the coronavirus pandemic notably), the volume of loans...
Union Bank of Cameroon moves to conquer additional market shares
Despite the economic fallouts of the coronavirus pandemic and the challenges it is facing since 2009 (forcing COBAC to place it under provisional...
Cameroon: Alphonse Nafack reelected president of Apeccam
At the end of an elective General Assembly held on February 24, 2021, in Douala, the Professional Association of Credit Institutions of Cameroon (Apeccam)...
Cameroon to recapitalize two private banks to the tune of XAF46.9 bln
Cameroon will inject close to XAF47 billion to recapitalize Union Bank of Cameroon (UBC) and National Financial Credit (NFC Bank), two banks ailing...
Cemac: Banks show rising interest in BEAC liquidity injection operations
During the March 2, 2021, liquidity injection operation organized by the Bank of Central African States (BEAC), banks operating in the CEMAC region...
Cameroonian fintech Diool raises XAF1.8 bln to develop digital payment services
The Cameroonian start-up Diool, which specializes in mobile payment methods aggregation, recently raised $3.5 million (XAF1.8 billion) to develop...
Chad-Cameroon pipeline: Cameroon reportedly offered XAF150 bln for Chadian stake
On February 24, 2021, online daily Africa Intelligence revealed that The National Hydrocarbons Corporation (SNH) of Cameroon offered XAF150...
Orange Cameroon posts XAF216.38 bln turnover in 2020, up 5.16% YoY
Orange Cameroon generated a turnover of €329 million (XAF216.38 billion) in 2020, according to the financial results recently published by the...
Cameroon moves for eligibility to the World Bank’s Prevention and Resilience Allocation mechanism
On February 23, 2021, in Yaoundé, the Minister of Economy Alamine Ousmane Mey launched the consultations initiated to develop the inclusive strategy...
CEMAC: Cameroon to raise XAF225 bln on the public securities market in H1-2021
The Cameroonian public treasury plans to raise XAF225 billion on the BEAC public securities market via the issuance of long-term securities in H1-2021....
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Business in Cameroon n98: March 2021
State personnel Time for a slimming diet
More support to boost the Cameroonian industry’s competitiveness
Investir au Cameroun n108: Mars 2021
Personnel de l’Etat Un régime minceur s’impose
Un soutien à la compétitivité de l’industrie camerounaise
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