Finance
Covid-19: Beac initiates easing measures to facilitate crusade against the virus
On March 27, 2020, members of the BEAC Monetary Policy Committee held a videoconference to find solutions to the coronavirus crisis affecting the world,...
France and the EU condemn the Bamenda and Galim attacks
Accused of conspiracy against Cameroon, Human rights group Redhac announces a judicial complaint against Paul Atanga Nji
Government’s HIMO operation slows youth recruitment into Boko Haram sect in the Northwest
Cameroon to raise XAF45 bln on the public securities market to fight the coronavirus pandemic
On April 8, 2020, Cameroon will launch the first bond of a series of three on the BEAC money market. According to internal sources at the Ministry of...
Coronavirus: Cobac prescribes “caution” in the restructuration of affected companies’ debts
"The impact of this global health crisis, although difficult to determine in terms of scale and duration, will affect the repayment capacity of several...
CEMAC: Interbank transactions rose to slightly over XAF3,500 bln in 2019
In the CEMAC region, the volume of interbank transactions was XAF3,500.3 billion in 2019, according to recent data published by the central bank...
CEMAC: Cameroon records 2nd poor performance in the BEAC debt market
On March 18, 2020, Cameroon was unable to raise the complete XAF10 billion it was seeking on the BEAC debt market via the issuance of 52-week fungible...
CEMAC: Towards the elaboration of a business plan for BVMAC’s central custodian
The BEAC recently launched the recruitment of a consultant that will elaborate on a business plan for the central custodian of CEMAC unified stock...
Exxon-Mobil and Petronas plan to dispose of stakes in Chad-Cameroon oil pipeline
“Malaysia’s state-owned oil giant Petronas is working with an adviser on the potential disposal of its 35% stake in the Chad project, with Exxon working...
Cameroon to return on the BEAC’s debt market on March 18 to raise XAF10 bln
Tomorrow March 18, the Cameroonian public treasury will try to raise XAF10 billion on the BEAC’s debt market, official sources reveal. The securities to...
BEAC seeks firm to elaborate the 2020-2025 business plan for the BVMAC
The Bank of Central African States (BEAC) recently launched a bid solicitation to recruit a firm that will elaborate on the 2020-2025 business plan for...
CEMAC member countries seek over XAF2,500 bln for 12 integration projects
The six CEMAC countries will organize, in July 2020, a round table of investors and partners to raise funding for 12 integration projects in the...
CEMAC: BEAC announces liquidity-absorbing operations to preserve monetary stability
In the CEMAC region, the money market committee has decided to launch liquidity-absorbing operations. According to the Bank of Central African States,...
CEMAC: Societe Generale creates SG Capital Cemac for its brokerage activities on the BVMAC
Societe Generale Capital Securities Central Africa. This is the name of the company through which the French banking group Societe Generale will now...
Cameroon : New fungible treasury bonds issuance to be carried out on March 4, 2020
Once again, Cameroon will try to raise XAF20 billion on the BEAC’s government securities market, according to an official release. The operation planned...
Cameroon : Public treasury raised XAF643 bln via issuance of government securities in 2019
In 2019, Cameroon raised XAF643 billion on government securities markets. This was revealed on February 20, 2020, by Minister of Finance Louis Paul Motaze...
Gabon and Safacam’s bonds get listed on the BVMAC
Today, Feb 21, two bonds issued in the Central African region last year were listed on the Unified Stock Exchange of Central Africa (BVMAC), the stock...
Cameroon: SABC estimates FY2019 consolidated net income at XAF16 bln, down 34% YoY
In a press release to investors, published on 21 January 2020, Société Anonyme des Brasseries du Cameroun (SABC), a subsidiary of French group Castel,...
Cameroon : BACM announces XAF7.1 bln of provisional net result, 17% up YoY in 2019
Banque Atlantique Cameroun (BACM) informs that it achieved a provisional net result of XAF7.1 billion during the 2019 financial year, representing a 17%...
Cameroon to be back on BEAC’s debt market on Feb 19
The Cameroonian public treasury will be back on the government securities market of the Bank of Central African States (Beac) on February 19, 2020. This...
Cameroon records its first poor performance on BEAC’s public securities market
During the 26-week fungible treasury bills issuance of Feburay 12, 2020, on BEAC’s debt market, Cameroon was unable to raise the XAF20 billion it was...
CEMAC : COBAC and credit institutions agree on guaranteed minimum services
At the end of a consultation held in Libreville, Gabon, on Feb 13, the Central African Banking Commission (COBAC) and banks operating in the CEMAC region...
CEMAC : Cameroon to issue 26-week fungible treasury bills on Feb 12, 2020
On February 12, 2020, the Cameroonian Treasury will issue 26-week fungible treasury bills on the BEAC’s government securities market, in an attempt to...
Cameroon : Tax and customs revenues reached XAF2,800 bln in 2019 (Provisional figures)
In Cameroon, the provisional figure for tax and customs revenues collected during the 2019 fiscal year stands at XAF2,800 billion against a target of...
Cameroon repaid XAF309 bln of debt in local and sub-regional Capital markets in 2019
Last year, Cameroon dedicated XAF309 billion to the repayment of debts contracted on the local and sub-regional capital markets (BEAC’s securities market...
Cameroon repatriated XAF644 bln of exports revenues in 2019
During the 2019 fiscal year, Cameroon successfully repatriated XAF644.721 billion of exports revenues. According to the Ministry of Finance, which...
Cameroon : Outstanding public debt reached XAF8,384 bln (37.4% of GDP) at end 2019
As of December 31, 2019, the outstanding public and publicly guaranteed debt (all debts contracted by the State, companies and other public institutions)...
CEMAC : Cameroon tries to raise XAF50 bln on money market on Jan 29, 2020
The Cameroonian Treasury will continue to roll out its calendar of operations on the BEAC securities market, for the fiscal year 2020, on January 29th....
SABC initiates its departure from Euronext Paris to comply with Cameroonian rules
Brasseries et glacières Internationales (BGI), the largest shareholder of brewery group Société Anonyme des Brasseries du Cameroun (SABC), wants to buy...
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Business in Cameroon n85: March 2020
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