Finance
Cameroon confirms its status of CEMAC’s financial center
The latest bond, whose issuance period ran from September 20 to October 2, 2019, by Gabon recorded a 126% subscription rate. With the authorization of...
No, Ernest Obama is not running for the coming municipal elections
Yes, Ex Cameroonian defense minister Remy Ze Meka’s car was involved in a road accident
No, Japoma stadium has not been ranked as the world’s tenth most beautiful stadium
Cameroon: Glass factory Socaver boosts production capacity with XAF5.3 bln investment
Today, November 15, 2019, Cameroonian minister of industry Dodo Ndocké is inaugurating the new facilities of local glass-making company SOCAVER in Douala,...
Cameroon to raise XAF20 bln on BEAC’s debt market on Nov 13, 2019
On 13 November 2019, the Cameroonian public Treasury will issue 26-weeks fungible Treasury bills on Beac's security market. According to an official...
CEMAC: BEAC commits to easing new exchange regulation for oil companies
“In an effort to establish a constructive dialogue and resolve differences of interpretation, Mr Abbas Mahamat Tolli (photo) invited extractive industry...
Ecobank’s non-interest revenues affected by BEAC’s new foreign currency regulatory rules
Ecobank Transnational Incorporated (ETI) reports that it generated $204 million of non-interest revenues, mainly driven by fees and commissions, in...
Cameroon: No SCB’s foreign exchange operations were rejected in Sep 2019 (Beac)
Société camerounaise de banque (SCB), Cameroonian subsidiary of Moroccan banking group Attijariwafa Bank, recently presented the practical guide it...
Cameroon refunded 29% of the principal obtained during “Ecmr 5.5% net 2016-2021” in Oct 2019
This month, October 2019, the Cameroonian public treasury refunded a little more than XAF48 billion out of the 5-year bond it issued in 2016, the ministry...
CEMAC: Authorities praise a rise in the volume of currency channeled back by banks to the BEAC
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
Cameroonian native Basile Tchakounté becomes Fagace’s acting MD
Last October 3, 2019, in Cotonou, Benin, members of the administrative board of the African Fund of Guarantee and Economic Cooperation (Fagace) appointed...
CEMAC: 80% of BEAC’s liquidity provisions captured by unqualified systemic banks
In a recent report dedicated to CEMAC countries’ economy, it is revealed that about 80% of the liquidities injected by the BEAC was provided to three...
Afriland First Group authorized to launch operations in Uganda
Bank of Uganda officially announced, on October 4, 2019, the issuance of licenses to two new banks, including Afriland First Bank Uganda Limited,...
Beac: New banknotes to soon be issued
BEAC, the central bank of CEMAC countries, is preparing to put new banknotes into circulation. The information was revealed in Resolution N°7 of the...
Cameroonian economist Célestin Monga quits his job as vice-president of the AfDB
Renowned Cameroonian economist Célestin Monga officially quit his position as the vice-president of the African Development Bank (AfDB). According to...
BCP finalizes the acquisition of 68.5% stake in Bicec
On October 1st, 2019, Morrocan banking group Banque centrale Populaire (BCP) officially finalized the acquisition of a 68.5% stake in Banque...
Cameroon raises, in extremis, XAF20 bln on BEAC’s market
Once again, on September 25, 2019, Cameroon successfully concluded its XAF20 billion fungible bills operation on BEAC’s debt market. However, according to...
XAF12 bln of credit granted to SMEs in 2018 by BC-PME
In 2018, Banque camerounaise des petites et moyennes entreprises (BC-PME) granted XAF12.367 billion of loans to 846 SMEs, the national institute for...
Cameroon and Attijariwafa Bank, bandleaders of Gabon’s XAF100 bln bond issuance
Gabon just launched a bond issuance to raise XAF100 billion, official sources reveal. According to those sources, the funds raised during the operation...
Cameroon: Sept 18, 2019’s operation oversubscribed with average interest rate dropping to 2.2%
On September 18, 2019, Cameroon once again successfully raised XAF10 billion on BEAC’s debt market. According to the release published after the operation...
Cameroon accredits three new primary dealers for its debt operations in BEAC market
Cameroon recently accredited three new credit institutions operating within CEMAC as primary dealers for its operations on BEAC’s security market. These...
CEMAC: In Aug 2019, Interbank transactions reached XAF56.5 bln
In August 2019, interbank transactions within CEMAC were estimated at XAF56.5 billion, the community’s central bank BEAC indicates. Unlike the situation...
Cameroon seeks XAF10 bln on BEAC’s debt market
Cameroon is issuing fungible treasury bills to raise XAF10 billion, today September 18, 2019. Subscription to these 26-week public securities can be done...
Qatari group Katara Hospitality announces investments in Cameroon
Katara Hospitality is currently planning investment projects in Cameroon, Senegal and Nigeria. This was revealed on September 9, 2019, in Doha, Qatar, by...
Cameroon : XAF20 bln raised on BEAC's debt market
To fund its 2019 budget, Cameroon will raise from the BEAC’s public securities market XAF240 billion. According to the apex bank, this should be done by...
Acam Vie adds XAF1 bln to share capital
Via a legal notice published on August 28, 2019, insurance company Société assurances du Cameroun Vie SA (Acam Vie) informed that since May 2019, it...
BEAC makes XAF60 bln liquidity offer to banks within CEMAC
On August 28, 2019, the Bank of Central African States (BEAC) made a liquidity offer of XAF60 billion to banks operating within CEMAC. The central bank...
Cameroon to raise XAF30 bln on Aug 28, 2019
Once again, Cameroon is on the BEAC’s security market to raise XAF30 billion. This fund will be raised via the issuance of 26-weeks fungible bills on...
Cameroon to raise XAF240 bln in BEAC’s debt market in Q3, 2019
Cameroon expects to raise XAF240 billion on the central bank of the Central African region BEAC’s public securities market to fund this year’s...
Cameroon : Société Générale launches "Maison de la PME" in Douala to support local SMEs
On July 18, 2019, in Douala, Cameroonian minister of SMEs Achille Bassilekin (photo at the centre) inaugurated maison de la PME. This institution was...
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