Finance
MUFID Union lays plans to become an agricultural financing leader
During its ordinary general assembly meeting on October 29, 2022, MUFID Union, the association of Cameroonian financial mutuals, reviewed the actions to...
Cameroonian customs seize 600 counterfeit jerseys made in China
Adamaoua: 100 gendarmes retrained to tackle hostage-taking
Nkongsamba: Army seizes over 530 boxes of illegal drugs, arrests two suspects
The Beac governor has a negative view of cryptocurrencies
The governor of the Bank of Central African States (Beac) still has a negative view of cryptocurrencies despite their popularity in the community. During...
CEMAC: Symposium suggests "deep" reform of the CFA Franc
The CFA Franc reform being demanded since 2019 concerns the current mechanisms for monetary cooperation with France. Last November 17-18, a...
Cameroon: Afriland First Bank enters partnership with BMN
Afriland First Bank Cameroon is signing today November 17 in Yaoundé a partnership with the Enterprise Upgrading Office (BMN) under the National Program...
Cameroon seeks 20 bln on the Beac public securities market
Cameroon issued yesterday 6-year fungible Treasury bonds (OTA) to raise CFA20 billion on the Beac public security market. To attract investors, the...
Outstanding govt securities reached CFA5,129bn at the end of October 2022 on the Beac market
The outstanding debt contracted by the CEMAC States (Cameroon, Congo, Gabon, Chad, CAR, and Equatorial Guinea) through public securities on the Beac...
Euro down 19% against US dollar, Cameroon’s debt up CFA573bn
Between September 2021 and September 2022, the Euro lost 19% of its value against the US dollar. Richard Evina Obam, the Director General of the...
Beac to reveal new banknotes at the 50th-anniversary celebrations in Chad
The Bank of Central African States (Beac) announced yesterday the celebration of its fiftieth anniversary. During this ceremony, which will take place...
Gabonese reinsurer SCG-Ré woos Cameroonian investors
Gabonese reinsurer Commercial Reinsurance Company (SCG-Ré) sent a delegation last November 4 to Cameroon as part of its IPO on the Douala-based regional...
Cameroonian female entrepreneur Jacqueline Dongmo raised CFA50bn to launch business
Jacqueline Dongmo, a Cameroonian entrepreneur and founder of Coca-Cola Gracedom Bottling Company, successfully raised CFA50 billion to launch her...
Cameroon: SRC to recover CFA34bln in bad debt from UBC
Cameroon’s debt recovery company SRC announced it is implementing a strategy to recover CFA33.999 billion in bad debts from the Union bank of Cameroon...
Prudential plc: Supporting a just and inclusive transition
Prudential plc (Prudential) has today launched a white paper to outline the case for a just and inclusive transition, and its place in meeting the Paris...
Insurer SL Financial to enter Cameroon
Insurance company SL Financial, founded in the U.S. by Cameroonian Achille Sime (pictured, middle), announced it is opening a subsidiary in Douala,...
Four Cameroonian banks led the Cemac credit market in Q1 2022
Four Cameroonian banks dominated the banking credit market in the Cemac region over the first quarter of 2022. Afriland First Bank, SCB Cameroon, Société...
Cameroonian SMEs paid more in loan interests in Q1 2022 QoQ
SMEs in Cameroon paid 35 basis points more in interest on bank loans in Q1 2022 than in Q4 2021. The rate rose from 12.54% to 12.89% over the...
CEMAC : BEAC tigthens access to loan to supposedly fight inflation
Unsurprisingly, the Central African central bank, BEAC, increased its key rates. The hike seems more like a follow-through choice than an appropriate...
Cameroon plans to raise CFA155bn on the Beac public securities market in Q4 2022
The Cameroonian treasury is planning to raise CFA155 billion on the Beac public securities market over the fourth quarter of this year. According to the...
Cameroon: Banking and Communication activities supported service sector improvement in Q1 2022
The service sector in Cameroon performed well during the first three months of 2022, according to the National Institute of Statistics (INS). The...
Cameroon: Financial partners support local SMEs with CFA14bn
The Cameroonian Minister of Economy, Alamine Ousmane Mey, signed a partnership agreement last September 27, 2022, with the UNDP Resident Representative in...
Cameroon: AfDB to boost investments in the private sector
The AfDB Director for Central Africa, Serge Nguessan (pictured), met with actors of the Cameroonian private sector last September 26 in Douala, the...
BEAC raises key rates again in an attempt to curb inflation
Following the 3rd 2022 meeting of its Monetary Policy Committee (MPC) held yesterday in Yaoundé, the Bank of Central African States Beac announced it has...
Gabonese, and Chadians outperform Cameroonians on the Beac market
The Securities Settlement and Custody Unit (CRCT) of Beac reported that Cameroonian individuals are less dynamic in the Beac public securities market than...
BVMAC among the last stock exchanges in terms of market value in Africa
The Central African Securities Market BVMAC revealed it is one of the last stock exchanges in terms of market value in Africa. "The top group includes...
Cameroon plans to raise CFA100bn on Beac public securities market by end October
The Cameroonian Treasury is getting ready to raise CFA100 billion on the Beac public securities market by the end of October 2022. The initiative, we...
Sodecoton hit CFA8.4bln in net profit in 2021-22, after CFA4.7bln in net loss a year ago
Cameroon’s cotton development corporation (Sodecoton) posted a net benefit of CFA8.47 billion during the 2021-22 campaign, after a negative result of...
Beac public securities market witnessed slight drop in July 2022 (CRCT)
Activities on the Beac public securities market dropped significantly in July 2022 compared to the previous month, according to a note recently published...
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...
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...
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