Finance
BVMAC: “La Régionale” shares close the fifth trading day at XAF42,000
On July 21, 2021, five days after its first trading day on the equities segment of the Central African Stock exchange BVMAC, the “La Régionale” shares...
Cameroon to capitalize on AFCON2021 to promote its tourism industry
Yaoundé1 sub-divisional officer forbids MRC’s Jul 25 protest march
CEMAC: BEAC liquidity injections are slowing activities in the interbank market
Commercial banks’ growing attraction for weekly liquidity injection operations organized by the Bank of Central African States (BEAC) is affecting the...
Orange Cameroon boasts 70% MoMo market share with CFA800bn in monthly transactions
Mobile operator Orange Cameroon announced it controls 70% of the market share on the Mobile Money segment with estimated monthly cumulative transactions...
Standard Chartered Bank Cameroon closes retail segment to focus on wholesale banking
Standard Chartered Bank Cameroon recently announced that it is closing its retail segment in Cameroon. The operation started on June 30, 2021, with the...
Société Générale appoints Marème Mbaye Ndiaye as regional director for East and Central Africa
Effective July 5, 2021, Senegal-born Marème Mbaye Ndiaye became the regional director of Société Générale in East and Central Africa. The executive who...
Cameroon-born Georges Wega joins Société Générale group’s management committee
Cameroon-born Georges Wega, who is currently Société Générale's regional director in West Africa, is now Deputy Director of the international banking...
Debt collection agency SRC initiates recovery of over XAF60 bln owed by CBC`s clients
Cameroon`s debt collection agency SRC is currently planning to initiate the recovery of XAF60.137 billion owed to the Commercial Bank of Cameroon (CBC )...
CEMAC: Panafrican group Africa Bright Securities becomes an official broker on the BVMAC
Officially, Panafrican group Africa Bright Securities, is, since June 15, 2021, a brokerage firm authorized to operate on the Central African Stock...
Cameroon heads back to the BEAC debt market to raise XAF50 bln through issuance of 6-year bonds
On June 16, 2021, after a 1-month break, Cameroon headed back to the Bank of Central African States (BEAC)’s public securities market to issue new...
Ecobank partners with CAMPOST to bring banking services closer to the non-connected population
On June 14, 2021, Cameroon Postal Services (CAMPOST) and Ecobank Cameroon signed a partnership agreement allowing access to banking services for the whole...
CEMAC: Cameroonian investors contribute XAF54.5 bln (28.9%) to Gabon’s new 2021-2016 bond issue
At the end of its 2021-2026 bond issue operation (the sixth in the history of the country’s public finance), Gabon raised XAF188.8 billion against a...
BDEAC exceeded budgetary forecasts in 2020 with XAF9.8 bln net profit (Administrative Board)
Despite the coronavirus pandemic, the Development Bank of Central African States (BDEAC) recorded a XAF9.8 billion net profit in 2020. This was...
Microfinance institution Vision Finances doubles its capital to XAF4 bln to fund development plans
In a recently published release, microfinance institution Vision Finances SA announced that it has successfully concluded an operation aimed at doubling...
AXA Cameroon’s CEO Thierry Kepeden becomes chairman of local insurance companies’ association ASAC
Thiéry Kepeden, CEO of AXA Cameroon, is the new chairman of the Association of Insurance Companies of Cameroon (ASAC). The CEO who started his career...
CEMAC: Cameroon captured 45.78% of bank loans in H2-2020, central bank BEAC informs
Credit institutions operating in the CEMAC region granted XAF3,820.7 billion of financial assistance to the region’s economic operators in H2-2020, up...
CEMAC: Financial watchdog COSUMAF once again warns against illegal investment offers
Faced with the upsurge of investment firms promising outstanding returns in the order of 100 to 500%, the Central African Financial Market Supervisory...
Mass transportation operator Stecy SA accused of leasing its logistics base to an illegal operator
In a release signed on May 26, 2021, and published on June 2, 2021, Cameroonian Minister of Transports, Jean Ernest Ngallé Bibehe Massena, accuses mass...
Nexttel to launch its mobile money service by late 2021
The launch of Nexttel’s mobile money service is one of the key priorities of new CEO Benoît Yaoussou’s tenure. Speaking to state-owned media Cameroon...
Alios Finance Cameroon mandates Attijari Securities Central Africa to arrange its second bond issue
On May 22, 2021, financial lessor Alios Finance Cameroon officially mandated Attijari Securities Central Africa (ASCA) to arrange its second bond issue on...
Cameroon amends the 2021 financial law to allow room for additional non-concessional loans
Yesterday May 26, Paul Biya, President of the Republic of Cameroon, signed an ordinance that amends and supplements some of the provisions of the 2021...
Foreign exchange regulation: BEAC adamant despite CEMAC employers’ lobbying
Despite the Central African Employers' Union (UNIPACE)’s pleas, the Bank of Central African States (BEAC) is intent on strictly implementing the new...
Cameroon accounts for over 93% of ‘La Regionale’s’ IPO subscribers
Microfinance institution “La Regionale” recently published the results of its initial public offering (IPO) on the Central African Stock Exchange BVMAC....
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