Yaoundé - 27 January 2021 -




Community integration tax: CEMAC estimates arrears at over XAF80 bln

The volume of unpaid community integration tax owed by members of the CEMAC community was estimated at XAF80 billion at end-2020. This was revealed on...
Monday 18 January 2021Finance

Cameroon: Proparco offers over XAF3 bln guarantee to support loans to local SMEs affected by Covid-19

Proparco (the French Development Agency’s subsidiary focused on private sector development) recently announced that it has signed a partnership...
Tuesday 12 January 2021Finance

FCI and Afreximbank appoint Nassourou Aminou to develop factoring in Africa

Factors Chain International and African Export-Import Bank (Afreximbank) recently announced the appointment of Cameroonian Nassourou Aminou (photo) as the...
Monday 11 January 2021Finance

CEMAC: With XAF106.8 bln bonds issued on BVMAC, BDEAC raises hopes for a revitalization of the regional stock exchange

The Development Bank of Central African States (BDEAC) recently managed to raise XAF106.8 billion (over XAF6 billion more than the XAF100 billion it...
Thursday 7 January 2021Finance

2021 finance law: Cameroon forbids cash payment of tax and duties

On December 30, 2020, the Minister of Finance Louis Paul Motaze signed a circular detailing measures for the implementation of the 2021 finance law. One...
Wednesday 30 December 2020Finance

CFA Franc reform: WAEMU on a status quo while CEMAC is making subtle changes

ECO (the common currency proposed to replace CFA Francs in the West African Economic and Monetary Union-WAEMU) will not be launched this year as France...
Monday 28 December 2020Finance

Cemac: Tunisian firm BFI selected to provide management solutions for the BEAC risk department

Tunisian firm BFI International SA (a financial solutions provider) was recently declared the winner of a contract to provide management solutions for...
Friday 18 December 2020Finance

Electronic payment means outside CEMAC: BEAC calls Cameroonian banks to order

Following users’ complaints about the numerous procedures now requested by banks, Blaise Eugène Nsom (director of the BEAC’s local representation in...
Friday 18 December 2020Finance

Cameroon: Bertrand Tognia appointed MD of Commercial Bank-Cameroon

Commercial Bank-Cameroon (CBC) informs that it recently appointed Cameroonian Bertrand Tognia as the new managing director of the brokerage firm CBC...
Wednesday 16 December 2020Finance

CEMAC: Cameroon successfully concludes another bond issuance operation

The Bank of Central African States (BEAC) recently published the results of the fundraising operation carried out by Cameroon on the CEMAC money market on...
Monday 14 December 2020Finance

With XAF162.8 bln, BICEC had the highest volume of bad debts in Cameroon

In Cameroon, BICEC concentrates the highest volume of bad debts (the credits granted by commercial banks and microfinance institutions that are highly...
Friday 11 December 2020Finance

Panafrican startup StarNews Mobile receives funding from I&P to boost content offers

Panafricn startup StarNews Mobile recently received funding from Investors & Partners (I&P) - a pioneering impact investment group entirely...
Thursday 10 December 2020Finance

Cameroon: BICEC loses its leadership of the credit market with a 92.6% drop in credits granted to clients this year

According to Kamal Mokdad (CEO of  Banque Centrale Populaire of Morocco-BCP), 2020 was a year of transition for BICEC, which has unfortunately been...
Thursday 3 December 2020Finance

CEMAC: Beac injects XAF69.5 bln into the banking system to boost liquidity

On December 1, 2020, the Bank of Central African States (BEAC) offered XAF250 billion of liquidity, in the framework of its liquidity injection...
Wednesday 2 December 2020Finance

Cameroon: Financial intermediaries to soon be compelled by law to disclose their foreign financial transactions to the customs administration

In the framework of the budget session ongoing in the parliament since November 12, 2020, MPs are examining the draft finance law 2021 submitted by the...
Monday 30 November 2020Finance

BDEAC to raise XAF300 bln on CEMAC financial markets via public bond placement over 2020-2022

During the extraordinary session conducted by videoconference on November 30, 2020, the General Assembly of the Development Bank of Central African States...
Friday 27 November 2020Finance

CEMAC: Gabon, CAR and Cameroon had the highest interest rates on medium-term loans in H1-2020

Between January and June 2020, Cameroonian banks were very demanding, as far as interest rates are concerned, for medium-term loans (repayable over about...
Friday 27 November 2020Finance

Cemac: Interbank transactions were up in number but down in value at end Jul,2020

In its recently-published September 2020 monetary policy report, the Bank of Central African States (Beac) reveals that during the period ending in late...
Friday 27 November 2020Finance

Cemac: Interbank transactions were up in number but down in value at end Jul,2020

In its recently-published September 2020 monetary policy report, the Bank of Central African States (Beac) reveals that during the period ending in late...
Friday 27 November 2020Finance

Cameroon to raise XAF452 bln from capital markets to fund its deficit in 2021

During the 2021 finance year, Cameroon will once again turn to the capital market to fund its budget deficit (estimated at XAF1,481.9 billion in the 2021...
Thursday 26 November 2020Finance

Private sector: Paul Fokam’s Afriland First Group provides technical assistance for the creation of National Investment Bank of Guinea

On November 21, Guinean Head of State Alpha Condé officially inaugurated the National Investment Bank of Guinea (Banque Nationale d’investissements de...
Tuesday 24 November 2020Finance

SCB Cameroon moves to dismantle Neo Industry’s cocoa processing plant in Kekem following loan-repayment issues

Last week, SCB Cameroon (the local subsidiary of the Moroccan banking group Attijariwafa Bank) published a tender notice on its website for the...
Wednesday 18 November 2020Finance

Covid-19: Société Générale Cameroon and the EIB set XAF10 bln credit line to support local SMEs

On November 17, 2020, Société Générale Cameroon (SGC) and the European Investment Bank (EIB) signed a strategic agreement aimed at supporting SMEs amid...
Tuesday 17 November 2020Finance

Cameroon disburses XAF61.2 bln for amortization of its “ECMR 5.6% net 2018-2023” bond

On November 16, 2020, the Cameroonian Public Treasury amortized XAF50 billion on the principal of its "ECMR 5.6% net 2018-2023" bond issuance during which...
Friday 13 November 2020Finance

Cameroon and the UNDP launch session to update national financial inclusion strategy

Only 10% of the adult population has a bank account in Cameroon, according to the Ministry of Finance. At the same time, more than 50% of the over-15...
Friday 6 November 2020Finance

Cameroon plans fiscal measures to encourage companies to get listed on the Bvmac

In the framework of the 2021 finance law, the Cameroonian government plans to initiate numerous fiscal measures aimed at encouraging companies to get...
Friday 6 November 2020Finance

Cameroon plans to raise its bancarization rate to 80% by 2030

Cameroon intends to boost its bancarization rate from 12.2% to 80% by 2030, according to the 2020-2030 national development plan.   To achieve this,...
Thursday 5 November 2020Finance

Cameroon raised over XAF3,000 bln in capital markets in 2010-2019

Cameroon issued XAF3112.7 billion of public securities on sub-regional and international capital markets between 2010 and 2019. The figure was disclosed...
Wednesday 4 November 2020Finance

MTN Cameroon recorded XAF59.9 bln turnover in Q3-2020, up by 27% YoY

MTN Cameroon recorded a ZAR1.73 billion (XAF59.9 billion) turnover in Q3-2020, according to the data MTN Group disclosed for its investors on the...
Monday 2 November 2020Finance

Cameroon plans to boost financial service offers by increasing the number of banks and microfinance institutions by 2030

Cameroon plans to increase the number of banks and microfinance institutions operating in its territory twofold, according to the 2020-2030 national...
Monday 2 November 2020Finance

Cameroon: Exchange platform Douala Fintech Tour to be held on Nov 5-6, 2020

Kmr start-up hub (a Cameroonian incubator for innovative projects) will organize the Douala Fintech Tour on November 5-6, 2020, in Douala. Presented as an...

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