Yaoundé - 10 June 2023 -



Cameroon pays back CFA63.4bn on Beac securities market, seeks additional CFA20bn

Cameroon made last June 5 the issuance of 7-year fungible Treasury bonds (OTAs) on the Beac public securities market aiming at raising CFA20 billion, the...
Wednesday 7 June 2023Finance

CCA Bank is about to secure a CFA3bn IFC expansion loan

Cameroonian credit institution CCA-Bank announced it has entered negotiations with the International Finance Corporation to obtain $5 million (about...
Tuesday 6 June 2023Finance

Cameroon: Govt to transfer CFA165bn+ into a Single Treasury Account from local banks

The Cameroonian government plans to transfer CFA165.6 billion from local commercial banks’ accounts to the Single Treasury Account (STA) by the end of...
Monday 5 June 2023Finance

Paul Biya adjusts the state budget to cover debt and support the population

Cameroon’s President signed a decree last June 2 to modify the 2023 Finance Act.  Per this amendment, the state budget has been raised from...
Friday 2 June 2023Finance

2023 Bond issue: Cameroon finally reaches draft agreement with arrangers

The final draft of the agreement binding Cameroon and the five arrangers of its seventh bond issue on the regional financial market (BVMAC) was submitted...
Thursday 1 June 2023Finance

APM SA seeks $6.5bn expansion fund from IFC

The Cameroonian marine services company APM SA is seeking a loan of €10 million (about CFA6.5 billion) from the International Finance Corporation...
Wednesday 31 May 2023Finance

La Régionale Bank raises its market cap by 14.5% through share distribution

The number of La Régionale Bank’s shares listed on the Central African Stock Exchange (Bvmac) increased from 61,630 to 72,089 as of May 29. This 17%...
Tuesday 30 May 2023Finance

Chinese investment fund supports Cameroon’s development with over CFA18,000bn

Cameroon is about to secure a valuable partner for its National Development Strategy 2020-2030. Yesterday, the Minister of Economy (Minepat) signed a...
Tuesday 30 May 2023Finance

Cameroon gets a B rating from Fitch with a stable outlook

US rating agency Fitch, in a statement published Friday, has maintained Cameroon's long-term foreign-currency issuer default rating at B and affirmed that...
Friday 26 May 2023Finance

2023 Bond issue: Cameroon lowers target amid tough negotiations with arrangers

Cameroon has reduced its target for the bond issue it is preparing on the Central African stock exchange BVMAC this year. According to sources close to...
Thursday 25 May 2023Finance

Energy: Sonatrel posts CFAF2.6 bln net profit for 2021, despite large accounts receivable

Cameroon’s electricity transmission company Sonatrel achieved a net profit of CFAF2.6 billion, according to the 2021 report on the financial situation of...
Monday 22 May 2023Finance

Cameroon launches new fundraising on the Beac market amid the challenging context

The Cameroonian Treasury launched a new fundraising operation on the Beac public securities market. This time, and despite the not-so-friendly context,...
Friday 19 May 2023Finance

Mipromalo seeks funds on the Bvmac to build two brick-and-tile production units

The Cameroon Local Materials Promotion Authority (Mipromalo) announced it is seeking funds on the regional money market to build two brick and tile...
Friday 19 May 2023Finance

Cameroon reaches staff-level agreement with the IMF for CFA45bn disbursement

The International Monetary Fund announced in a May 19 statement it has reached a staff-level agreement with Cameroonian authorities following the fourth...
Wednesday 17 May 2023Finance

Beac increases weekly withdrawal operations to CFA100 billion

The Bank of Central African States increased its weekly withdrawal operations to CFA100 billion, according to a statement made public yesterday May...
Tuesday 16 May 2023Finance

E. Guinea’s Bange drives over 3,200% MoM surge in Bvmac transactions in April 2023

The total value of transactions carried out on the equity segment of the regional stock market Bvmac reached CFA1.052 billion in April 2023, according to...
Monday 15 May 2023Finance

African central banks meet in Yaoundé to find a solution to climate change consequences

The Association of African Central Banks (AACB) kicked off today in Yaoundé a three-day workshop to discuss the impact of climate change on the continent....
Monday 15 May 2023Finance

Gimac records nearly CFA400bn in transactions in 2022, 73% via mobile money

The Interbank Electronic Banking Group of Central Africa (Gimac) said it recorded 10 million transactions for a cumulative value of CFA395 billion in...
Friday 12 May 2023Finance

Cemac: Beac pushes for green bonds to stimulate stock market

After officially joining the World Bank's Sustainable Banking and Finance Network (SBFN), the Bank of Central African States (Beac) has expressed its...
Friday 12 May 2023Finance

Cameroon prepares new bond issue on Bvmac, most expensive in 13 years

The Cameroonian Treasury has announced plans to launch a new bond issue on the Bvmac regional financial market to raise CFA200 billion. This will be the...
Thursday 11 May 2023Finance

CEMAC: Bdeac approves CFA59bn for six new projects

The Development Bank of Central African States (Bdeac) approved the disbursement of a little more than CFA59 billion to support the implementation of six...
Thursday 11 May 2023Finance

Cameroon: IsDB steps into the NoSo reconstruction with CFA21bn

The Cameroonian government has secured new financial support as part of the reconstruction of the war-torn Anglophone regions of the Northwest and...
Thursday 11 May 2023Finance

Elite Capital unfolds expansion plan on the Beac money market, increases capital by 187%

Elite Capital Securities, a Cameroonian brokerage firm licensed by the market regulator Cosumaf, has announced plans to expand its presence on the Beac...
Wednesday 10 May 2023Finance

Cameroon begins repayment of its 2022 bond issue on the Beac market

The Cameroonian Treasury announced the repayment of its 2022 bond issue on the Beac public securities market. As part of this move, a first disbursement...
Wednesday 10 May 2023Finance

Beac officially joins World Bank-supported SBFN

The Bank of Central African States (Beac) has officially joined the Sustainable Banking and Finance Network (SBFN), a platform supported by the World Bank...
Monday 8 May 2023Finance

BDEAC saw its profit down almost 50% YoY in 2022

The Development Bank of Central African States (BDEAC) ended FY2022 with a profit of CFA5.1 billion, we learned following the bank’s general meeting held...
Friday 5 May 2023Finance

Cameroon: govt to boost agricultural financing over the next 5 years

The Cameroonian government, through its National Strategy for Inclusive Finance (SNFI), announced the disbursement of CFA10.5 billion to boost...
Friday 5 May 2023Finance

Cameroon: External debt of public entities up CFA41bn in Q1 2023

The debt of state-owned enterprises and public bodies, as of March 31, 2023, was estimated at CFA879 billion, according to a recent note from the...
Friday 5 May 2023Finance

IsDB bets on APME’s experience to boost commitments in Cameroon

In Cameroon, the Islamic Development Bank (IsDB) has selected the SME promotion agency APME as its partner for the deployment of its SME financing...
Thursday 4 May 2023Finance

La Régionale Bank secures CFA3bn IFC loan

The International Finance Corporation (IFC), which runs private financing within the World Bank Group, approved the disbursement of $4.9 million...
Wednesday 3 May 2023Finance

World Bank to grant CCA-Bank a CFA10bn loan for MSME financing

The International Finance Corporation, World Bank’s private arm, announced talks with CCA-Bank to help the bank improve financing to micro, small and...

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