Finance
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 joins the Budapest Convention on Cybercrime
International air traffic drops by 62% in Cameroon, due to Covid-19
Over 2 million people need food assistance in Cameroon (OCHA)
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...
The Banking Commission of Central Africa has launched a new bank supervision platform
The Banking Commission of Central Africa (Cobac), the regulator of the banking sector in the Cemac zone, announced it has launched a new platform to...
Bond issue arrangers guarantee Cameroon CFA180.5 billion for 2022
Cameroon’s 6th bond issue on the Central African Stock Exchange (Bvmac) is going on a good note. To organize the transaction, the government launched on...
Beac tightens monetary policy, further reduces liquidity injections to banks
The Bank of Central African States (Beac) announced last April 5 that it has further reduced the volume of liquidity it makes available to banks within...
Beac: Lower supply led to higher interest rates on the public securities market
Between January 2021 and January 2022, CEMAC member states contracted higher debts on the public securities market of the Beac. The Supervisory Board of...
Beac: Outstanding govt securities rise 41.7% YoY in Jan. 2022
The Supervisory Board of the Securities Settlement and Custody Unit (CRCT) reported in a recent statement that the outstanding amount of securities issued...
Beac cuts liquidity to banks, to keep inflation low
The traditional weekly liquidity injection operation in commercial banks carried out on March 29, 2022, by the Bank of Central African States (BEAC) only...
Beac raises reference rates to control inflation
The Bank of Central African States (Beac) announced this week it has raised two of its benchmark rates. The announcement was made public following the...
Public securities market: Cameroon to repay CFA34 billion in one week
The Cameroonian government will repay CFA20 billion of debt on the Beac's public securities market on April 1. According to a statement published by the...
Nigeria's Access Bank gets approval to open a Cameroonian subsidiary
The Nigerian banking group Access Bank announced it has obtained the license to open a subsidiary in Cameroon. As part of this new move, a team from...
Cameroon seeks CFA200bln on the BVMAC, 3 years after the last operation
Cameroon is seeking CFA200 billion on the regional stock market BVMAC. The information was reported in a request for proposals issued last March 25 by the...
Cameroon broadens bank secrecy scope to microfinance and electronic payment operators
Cameroon has submitted a new bank secrecy bill to the parliament, broadening its scope to microfinance and electronic payment service providers. In...
Public securities: Cameroon plans a strategy to reduce banks' exposure to sovereign risks
Cameroon is currently moving to attract non-bank actors to the public securities market, according to a recent country focus published by the...
CEMAC: Cameroon sources XAF48 bln in the bond market to settle ENEO
Cameroon, on March 16, 2022, launched a new fundraising program aimed at raising XAF48 billion on the central bank BEAC’s public securities market....
CEMAC: Individuals received more credits than SMEs in H1-2021 (BEAC)
Firms captured 75.69% of the bank loans granted in the CEMAC region in the first half of 2021, the central bank BEAC reveals in its recent report on...
Debt service: Cameroon to soon devise plan for timely payment of guaranteed loans
In the framework of its new economic and financial program [2021-2024] with the IMF, Cameroon has committed to coercing state-owned firms into paying the...
Cameroon: Societe Generale commits to refunding Yup clients’ assets within “3 months”
In a release issued on March 15, 2022, Societe Generale Cameroon (SG-Cameroon) detailed the roadmap for the cessation of its mobile money segment (YUP)’s...
Money transfer: Wafacash targets African diaspora in Europe
A few weeks ago, Kawarizmi, a French start-up specializing in digital advertising, was deploying a large-scale communication campaign on social media and...
Cameroon: IMF advises a UBC-NFC Bank divestment plan in the “near term”
In its recent Country Report No. 22/75, the IMF discussed the situation of UBC and NFC Bank, two private banks that were recently recapitalized by the...
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