Finance
Yes, the Cameroon-Chad friendly match organized in preparation of the 2020 CHAN has been relocated
Yes, CCA-Bank has stopped collecting daily savings in Cameroon
No, WhatsApp’s “report” option does not allow you to know who checks your picture
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...
Cameroon’s second treasury bills issuance on BEAC’s debt market successful but….
On January 15, 2020, the Cameroonian public treasury successfully concluded its 2nd fundraising operation, for the current year, on the BEAC’s debt...
Cameroon : Kuwait Fund’s active portfolio estimated at about XAF20 billion
Currently (January 2020), the active portfolio of the Kuwait Fund in Cameroon includes three projects for an amount of US$35.5 million, or about XAF20...
CEMAC : Credit institutions required to transmit daily transaction data to the BEAC
Starting from 2020, credit institutions operating within the CEMAC region will henceforth be subjected to stricter regulations concerning the transmission...
CEMAC: In 2018, local bank’s loans were mainly channeled towards countries
In 2018, bank lending within the CEMAC region rose by 8.8%, the region’s central bank BEAC informs in its 2018 activity report. According to the...
CEMAC : Microfinance institutions recorded XAF90 bln of outstanding loans in 2018
In 2018, the 619 microfinance institutions operating in the six CEMAC countries (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea) granted XAF493...
Nigerian Access Bank enters the Cameroonian market
Nigerian banking group Access Bank just created a subsidiary in Cameroon. With an initial capital of about XAF14.5 billion, the new subsidiary’s...
Cameroonian Martin Ché becomes UBA’s CEO in the CESA zone
Cameroonian native Martin Ché, former CEO of UBA Cemac, has just been appointed Regional Chief Executive Officer of the Central, Eastern, and Southern...
Cameroon records success at its first 2020 fungible bills issuance with a 2.1% average interest rate
The Cameroonian Treasury succeeded in raising a total of XAF20 billion on the BEAC debt market at the end of a 26-week fungible treasury bills auction...
CEMAC : BEAC makes a new liquidity offer of XAF40 bln to commercial banks
Banks operating in the six CEMAC countries (Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and CAR) have until today January 8, 2020, to bid for the...
CEMAC : Net external assets will increase steadily to 5-month imports by 2022, the IMF says
At the end of the recent annual discussions on CEMAC's common policies in support of member countries' reform programmes, the International Monetary Fund...
Leading mobile payment provider Terrapay enters Cameroon thanks to a partnership with UBA
TerraPay, one of the world's leading mobile payment services, and the Nigerian banking group UBA announce a partnership to facilitate mobile money...
Cameroon inaugurates 2020 on BEAC’s debt market with XAF20 bln fungible bills
For its first operation on the Bank of Central African States (BEAC) debt market this year, the Cameroonian public treasury will try to raise a financing...
Cameroon : Tax revenues affected by low VAT collection in Jan-Sep 2019 (Ministry of Finance)
With a total of XAF1,324.3 billion collected between January and September 2019, Cameroon’s tax revenues fell by XAF29.4 billion (-2.2%) year-on-year....
Public debt servicing : Cameroon is XAF560.3 bln short of meeting the yearly target of Jan-Sep 2019
Over the first nine months of 2019 (ended in September 2019), Cameroon’s public debt servicing stood at XAF722.7 billion, up from the XAF545.9 billion...
CEMAC : Banque de France and World Bank point out low credit to GDP ratio
The profitability of banks operating within CEMAC does not benefit everyone in the zone. According to a recent analysis by French central Bank Banque de...
Cameroon : Bank deposits rose by 13.6% YoY to XAF4,678.7 bln in H1, 2019
In Cameroon, spurred by private companies, individuals and insurance companies, bank deposits increased by 13.6% year over year by end June 2019 to...
Cameroon bets on Islamic financing to boost financial inclusion and attract Middle Eastern investors
In Cameroon, only one bank (Afriland First Bank) and three microfinance institutions, out of the 53 banks and nearly 500 microfinance institutions...
Cameroon: new issuance of fungible treasury bills on BEAC market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
Benjamin Ngongang : “The French guarantee no longer seems really essential” for the CFA zone
Benjamin Ngongang, Associate Director in charge of the Central African region at FinAfrique that specializes in advice and accompaniment for reforms in...
Cameroon plans to raise XAF422 bln on local and regional financial markets in 2020
To fund its budget, Cameroon plans to raise a total of XAF422 billion on the regional and local financial markets in 2020. The country plans to raise the...
CEMAC: IMF and BEAC to discuss cooperation axis for regional capital market development
From December 2 to 6, 2019, the IMF’s Regional Technical Assistance Center for Central Africa (Afritac Centre) will conduct a mission at the Bank of...
BEAC: Liquidity injections reduced to XAF335.2 bln in June 2019
In June 2019, BEAC’s liquidity injections into commercial banks operating within CEMAC was XAF335.2 billion. According to the official report just...
CEMAC: Interbank transactions up by XAF44 bln MoM in June 2019
In June 2019, transactions on the BEAC (central bank of the CEMAC region) interbank market, peaked at XAF317 billion, an official report...
CEMAC: Central bank recorded 52% drop in its net free equity in 2018
According to official documents obtained by Ecofin Agency on the sidelines of the extraordinary summit of CEMAC heads of state, the net free equity of the...
CEMAC: Challenges and directions to accommodate monetary stability and development financing
During the extraordinary meeting, on November 21-22, 2019, the Heads of CEMAC member countries expressed a common desire to defend the stability of their...
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Business in Cameroon n82-83: December 2019-January 2020
CFA: The debate is open in the CEMAC
Cameroon becomes CEMAC’s financial center
Investir au Cameroun n92-93: Decembre 2019-Janvier 2020
Franc CFA : le débat est ouvert en zone CEMAC
Le Cameroun devient la place financière de la CEMAC
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