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Yaoundé - 28 May 2022 -

Finance


emile-parfait-simb-promoter-of-liyeplimal-arrested-for-cryptocurrency-scam

Emile Parfait Simb, promoter of Liyeplimal, arrested for cryptocurrency scam

Emile Parfait Simb, the promoter of Global Investment Trading (better known as Liyeplimal), which specializes in cryptocurrency investments, was arrested...
cameroon-closes-roadshow-for-6th-bond-issue-with-a-target-of-cfa250bln
Tuesday 24 May 2022Finance

Cameroon closes roadshow for 6th bond issue with a target of CFA250bln

The Cameroonian Minister of Finance, Louis Paul Motazé, closed the roadshow of the country’s 6th bond issue yesterday May 23 in Yaoundé. According to...
insurers-join-cameroon-s-6th-bond-issue
Wednesday 18 May 2022Finance

Insurers join Cameroon’s 6th bond issue

Insurance companies in Cameroon prefer to turn to the government’s 6th bond issue, whose subscriptions end on May 25, 2022, rather than go to banks....
cobac-steps-up-vigilance-on-cryptocurrencies-after-drc-legalizes-btc
Tuesday 17 May 2022Finance

Cobac steps up vigilance on cryptocurrencies after DRC legalizes BTC

The Banking Commission of Central Africa (Cobac) unveiled last May 6 its decision to establish a system for identifying and reporting transactions related...
bond-issue-2022-cameroon-seeks-to-attract-gabonese-and-congolese-investors
Monday 16 May 2022Finance

Bond issue 2022: Cameroon seeks to attract Gabonese and Congolese investors

The Cameroonian Minister of Finance, Louis Paul Motazé (pictured), launched today the roadshow for Cameroon’s 6th bond issue. The Treasury seeks to raise...
cca-bank-seeks-to-increase-its-capital-currently-at-cfa10-billion
Thursday 12 May 2022Finance

CCA-Bank seeks to increase its capital, currently at CFA10 billion

Crédit communautaire d'Afrique-Bank SA (CCA-Bank), Cameroon's 15th largest bank, is in the process of increasing its share capital, which currently stands...
cameroon-pays-cfa1-7bn-in-interest-on-a-10-year-loan-on-the-beac-securities-market
Tuesday 10 May 2022Finance

Cameroon pays CFA1.7bn in interest on a 10-year loan on the Beac securities market

Yesterday May 9, Cameroon paid CFA1.750 billion in interest on the Beac public securities market. This interest payment is related to a 10-year fungible...
salam-allianz-unveil-merger-plan
Wednesday 4 May 2022Finance

Salam, Allianz unveil merger plan

Insurance companies Salam (South African) and Allianz (German) are planning a merger. The information was reported Wednesday, May 4, 2022, in a press...
cameroon-gets-cosumaf-approval-for-6th-bond-issue
Tuesday 3 May 2022Finance

Cameroon gets Cosumaf approval for 6th bond issue

Cameroon received last April 29 the green light from Cosumaf, the Central African Financial Market Surveillance Committee, to proceed with its 2022 bond...
cameroon-spent-cfa1-4-billion-in-new-interest-payment-on-the-beac-market
Tuesday 26 April 2022Finance

Cameroon spent CFA1.4 billion in new interest payment on the Beac market

Cameroon has spent a total of CFA1.4 billion in new interest payments on the Beac securities market. The payment is related to a 3-year fungible Treasury...
cemac-outstanding-bank-loans-grew-by-cfa24-billion-1-3-at-end-2021
Friday 22 April 2022Finance

CEMAC: Outstanding bank loans grew by CFA24 billion (+1.3%) at end-2021

The outstanding bank loans (loans not repaid by borrowers, ed) within the Cemac region increased by CFA24 billion YoY (+1.3%) at the end of December 2021...
cameroon-becomes-the-most-active-player-in-the-beac-securities-market-in-q1-2022-ahead-of-gabon
Tuesday 19 April 2022Finance

Cameroon becomes the most active player in the Beac securities market in Q1 2022, ahead of Gabon

The outstanding amount of securities held by the Cameroonian Treasury on the Beac securities market as of March 31, 2022, was estimated at a little more...
british-standard-chartered-bank-exits-7-middle-eastern-and-african-countries-including-cameroon
Friday 15 April 2022Finance

British Standard Chartered Bank exits 7 Middle Eastern and African countries, including Cameroon

The British banking group Standard Chartered Bank announced yesterday April 14 it is withdrawing from seven countries in Africa and the Middle East. The...
the-banking-commission-of-central-africa-has-launched-a-new-bank-supervision-platform
Wednesday 13 April 2022Finance

The Banking Commission of Central Africa has launched a new bank supervision platform

The Banking Commission of Central Africa (Cobac), the regulator of the banking sector in the Cemac zone, announced it has launched a new platform to...
bond-issue-arrangers-guarantee-cameroon-cfa180-5-billion-for-2022
Tuesday 12 April 2022Finance

Bond issue arrangers guarantee Cameroon CFA180.5 billion for 2022

Cameroon’s 6th bond issue on the Central African Stock Exchange (Bvmac) is going on a good note. To organize the transaction, the government launched on...
beac-tightens-monetary-policy-further-reduces-liquidity-injections-to-banks
Tuesday 12 April 2022Finance

Beac tightens monetary policy, further reduces liquidity injections to banks

The Bank of Central African States (Beac) announced last April 5 that it has further reduced the volume of liquidity it makes available to banks within...
beac-lower-supply-led-to-higher-interest-rates-on-the-public-securities-market
Thursday 7 April 2022Finance

Beac: Lower supply led to higher interest rates on the public securities market

Between January 2021 and January 2022, CEMAC member states contracted higher debts on the public securities market of the Beac. The Supervisory Board of...
beac-outstanding-govt-securities-rise-41-7-yoy-in-jan-2022
Tuesday 5 April 2022Finance

Beac: Outstanding govt securities rise 41.7% YoY in Jan. 2022

The Supervisory Board of the Securities Settlement and Custody Unit (CRCT) reported in a recent statement that the outstanding amount of securities issued...
beac-cuts-liquidity-to-banks-to-keep-inflation-low
Thursday 31 March 2022Finance

Beac cuts liquidity to banks, to keep inflation low

The traditional weekly liquidity injection operation in commercial banks carried out on March 29, 2022, by the Bank of Central African States (BEAC) only...
beac-raises-reference-rates-to-control-inflation
Wednesday 30 March 2022Finance

Beac raises reference rates to control inflation

The Bank of Central African States (Beac) announced this week it has raised two of its benchmark rates. The announcement was made public following the...
public-securities-market-cameroon-to-repay-cfa34-billion-in-one-week
Tuesday 29 March 2022Finance

Public securities market: Cameroon to repay CFA34 billion in one week

The Cameroonian government will repay CFA20 billion of debt on the Beac's public securities market on April 1. According to a statement published by the...
nigeria-s-access-bank-gets-approval-to-open-a-cameroonian-subsidiary
Tuesday 29 March 2022Finance

Nigeria's Access Bank gets approval to open a Cameroonian subsidiary

The Nigerian banking group Access Bank announced it has obtained the license to open a subsidiary in Cameroon. As part of this new move, a team from...
cameroon-seeks-cfa200bln-on-the-bvmac-3-years-after-the-last-operation
Monday 28 March 2022Finance

Cameroon seeks CFA200bln on the BVMAC, 3 years after the last operation

Cameroon is seeking CFA200 billion on the regional stock market BVMAC. The information was reported in a request for proposals issued last March 25 by the...
cameroon-broadens-bank-secrecy-scope-to-microfinance-and-electronic-payment-operators
Tuesday 22 March 2022Finance

Cameroon broadens bank secrecy scope to microfinance and electronic payment operators

Cameroon has submitted a new bank secrecy bill to the parliament, broadening its scope to microfinance and electronic payment service providers.  In...
public-securities-cameroon-plans-a-strategy-to-reduce-banks-exposure-to-sovereign-risks
Monday 21 March 2022Finance

Public securities: Cameroon plans a strategy to reduce banks' exposure to sovereign risks

Cameroon is currently moving to attract non-bank actors to the public securities market, according to a recent country focus published by the...
cemac-cameroon-sources-xaf48-bln-in-the-bond-market-to-settle-eneo
Thursday 17 March 2022Finance

CEMAC: Cameroon sources XAF48 bln in the bond market to settle ENEO

Cameroon, on March 16, 2022, launched a new fundraising program aimed at raising XAF48 billion on the central bank BEAC’s public securities market....
cemac-individuals-received-more-credits-than-smes-in-h1-2021-beac
Wednesday 16 March 2022Finance

CEMAC: Individuals received more credits than SMEs in H1-2021 (BEAC)

Firms captured 75.69% of the bank loans granted in the CEMAC region in the first half of 2021, the central bank BEAC reveals in its recent report on...
debt-service-cameroon-to-soon-devise-plan-for-timely-payment-of-guaranteed-loans
Wednesday 16 March 2022Finance

Debt service: Cameroon to soon devise plan for timely payment of guaranteed loans

In the framework of its new economic and financial program [2021-2024] with the IMF, Cameroon has committed to coercing state-owned firms into paying the...
cameroon-societe-generale-commits-to-refunding-yup-clients-assets-within-3-months
Wednesday 16 March 2022Finance

Cameroon: Societe Generale commits to refunding Yup clients’ assets within “3 months”

In a release issued on March 15, 2022, Societe Generale Cameroon (SG-Cameroon) detailed the roadmap for the cessation of its mobile money segment (YUP)’s...
money-transfer-wafacash-targets-african-diaspora-in-europe
Tuesday 15 March 2022Finance

Money transfer: Wafacash targets African diaspora in Europe

A few weeks ago, Kawarizmi, a French start-up specializing in digital advertising, was deploying a large-scale communication campaign on social media and...
cameroon-imf-advises-a-ubc-nfc-bank-divestment-plan-in-the-near-term
Tuesday 15 March 2022Finance

Cameroon: IMF advises a UBC-NFC Bank divestment plan in the “near term”

In its recent Country Report No. 22/75, the IMF discussed the situation of UBC and NFC Bank, two private banks that were recently recapitalized by the...


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