Finance
Cameroon: ADC enters the regional stock exchange
State company Aéroports du Cameroun announced it is entering the regional stock market (Bvmac), becoming the first state-owned company to do so. The...
Inflation: 11 unions call for strikes to force more government actions
Several suspects arrested in Martinez Zogo case
Tree falls in a Mvila school, leaving one dead and three injured
Cameroon signs 10-year debt restructuring plan with trader PSTV
Cameroonian Minister of Finance, Louis Paul Motazé, signed last week in Yaoundé a debt restructuring plan over 10 years with Maos Borg Gaard, Managing...
Afriland, BGFI team up on projects in the Cemac region
Afriland First Group, parent company of Afriland First Bank, signed last January 20 in Douala, a partnership deal with BGFI Holding Corporation, parent...
Cameroon seeks to raise CFA245bn on the Beac securities market in Q1 2023
The Cameroonian Treasury seeks to raise a total of CFA245 billion on the Beac public securities market between January and March 2023. According to the...
Beac market: Cameroon offered highest interest rate on Treasury bills in December 2022
In December 2022, the Cameroonian government offered an interest rate of 4.11% on its fungible treasury bills (BTAs) on Beac’s public securities market....
CEMAC: Cameroon captures 42% of bank loans in H1 2022
Cameroon alone captured 42% of the overall volume of new loans granted by banks operating within the cemac region during the first half of 2022. The...
Bank credit supply grew 11.45% YoY in H1 2022 (official data)
The volume of new loans granted within the Cemac region increased by CFA350.2 billion year-on-year over the first six months of 2022. According to...
BGFIBank Cameroon acquires AML30000 certification, first bank in Cameroon
BGFIBank once again proves its ambition to severely crack down on money laundering. The bank acquired on December 1, 2022, the AML 30 000...
Beac puts new bankotes into circulation
The Bank of Central African States Beac put yesterday December 15 new banknotes “type 2020” into circulation within the Cemac region. The new range...
BDEAC 6% NET Bond Issue 2022-2029 : a successful operation
The President of the Development Bank of Central African States (BDEAC) held on December 15, 2022 at the Yaounde Hilton Hotel, a conference to present the...
Brewer SABC rebrands, launches 5-year CFA200bn investment program
Brewing Company SABC, formerly known as Société Anonyme des brasseries du Cameroun, announced its rebranding into Société Anonyme des boissons du...
Africa should turn its back on development aid, Paul Biya says
Cameroonian President Paul Biya urges Africans to think about building an African capital market to gradually move away from the development aid system,...
Cameroon: WorldRemit expects business to grow in 2023 despite World Bank's downward forecast for SSA
British online remittance transfer platform WorldRemit, leader on the global market, revealed in a recent note that the Cameroonian diaspora sent a total...
BDEAC issued 3rd consecutive bond on Bvmac, seeking CFA78 billion
The Development Bank of Central African States (BDEAC) announced the launch of its third consecutive bond issue on the Douala-based Central African Stock...
Fitch maintains B rating for Cameroon, despite security and governance challenges
The U.S. agency Fitch Ratings issued a report on December 2 maintaining Cameroon's rating at B with a stable outlook on all long-term foreign currency...
MUFID Union lays plans to become an agricultural financing leader
During its ordinary general assembly meeting on October 29, 2022, MUFID Union, the association of Cameroonian financial mutuals, reviewed the actions to...
The Beac governor has a negative view of cryptocurrencies
The governor of the Bank of Central African States (Beac) still has a negative view of cryptocurrencies despite their popularity in the community. During...
CEMAC: Symposium suggests "deep" reform of the CFA Franc
The CFA Franc reform being demanded since 2019 concerns the current mechanisms for monetary cooperation with France. Last November 17-18, a...
Cameroon: Afriland First Bank enters partnership with BMN
Afriland First Bank Cameroon is signing today November 17 in Yaoundé a partnership with the Enterprise Upgrading Office (BMN) under the National Program...
Cameroon seeks 20 bln on the Beac public securities market
Cameroon issued yesterday 6-year fungible Treasury bonds (OTA) to raise CFA20 billion on the Beac public security market. To attract investors, the...
Outstanding govt securities reached CFA5,129bn at the end of October 2022 on the Beac market
The outstanding debt contracted by the CEMAC States (Cameroon, Congo, Gabon, Chad, CAR, and Equatorial Guinea) through public securities on the Beac...
Euro down 19% against US dollar, Cameroon’s debt up CFA573bn
Between September 2021 and September 2022, the Euro lost 19% of its value against the US dollar. Richard Evina Obam, the Director General of the...
Beac to reveal new banknotes at the 50th-anniversary celebrations in Chad
The Bank of Central African States (Beac) announced yesterday the celebration of its fiftieth anniversary. During this ceremony, which will take place...
Gabonese reinsurer SCG-Ré woos Cameroonian investors
Gabonese reinsurer Commercial Reinsurance Company (SCG-Ré) sent a delegation last November 4 to Cameroon as part of its IPO on the Douala-based regional...
Cameroonian female entrepreneur Jacqueline Dongmo raised CFA50bn to launch business
Jacqueline Dongmo, a Cameroonian entrepreneur and founder of Coca-Cola Gracedom Bottling Company, successfully raised CFA50 billion to launch her...
Cameroon: SRC to recover CFA34bln in bad debt from UBC
Cameroon’s debt recovery company SRC announced it is implementing a strategy to recover CFA33.999 billion in bad debts from the Union bank of Cameroon...
Prudential plc: Supporting a just and inclusive transition
Prudential plc (Prudential) has today launched a white paper to outline the case for a just and inclusive transition, and its place in meeting the Paris...
Insurer SL Financial to enter Cameroon
Insurance company SL Financial, founded in the U.S. by Cameroonian Achille Sime (pictured, middle), announced it is opening a subsidiary in Douala,...
Four Cameroonian banks led the Cemac credit market in Q1 2022
Four Cameroonian banks dominated the banking credit market in the Cemac region over the first quarter of 2022. Afriland First Bank, SCB Cameroon, Société...
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