Yaoundé - 30 September 2023 -



BEAC governor calls for vigilance against counterfeit banknotes

Only a few months after their release, forgers have already found a way to make the counterfeit versions of the new range of banknotes put into...
Friday 22 September 2023Finance

Agnès Ndoumbé Mandeng faces 10-year ban

Agnès Ndoumbé Mandeng, the current CEO of the Cameroonian Bank for SMEs (BC-PME) is condemned to stay out of the banking and microfinance sector for 10...
Monday 18 September 2023Finance

SEMC’s profit down 42% in 2022, marking 8th consecutive year without dividends

Cameroon’s mineral water company Semc saw its net profit down over 42% during the 2022 fiscal year. The figure was CFA504.9 million over the period under...
Thursday 14 September 2023Finance

Cameroon: CDEC partners with digital solution provider Sopra Banking Software

Cameroon’s National Deposit and Consignment Fund (CDEC) reached a deal last September 12 with the digital solution provider Sopra Banking Software....
Friday 8 September 2023Finance

Cameroon takes on more debt to repay outstanding loans on the Beac securities market

Cameroon made, during the week of August 28 to September 1, two repayments totaling CFA34.5 billion on the Beac securities market. According to...
Wednesday 6 September 2023Finance

The Abundance of Opportunities: Customers set to Gain from Access Bank Plc's Expanded Network

In an era of global connectivity and expanding markets, financial institutions play a crucial role in shaping economic landscapes and empowering...
Friday 1 September 2023Finance

CEMAC: Gabon unlikely to default despite coup, leading asset manager says

Despite the putsch of August 30, Gabon, a major player in the CEMAC capital market, will continue to meet its commitments in the market thanks to...
Monday 28 August 2023Finance

Cameroon counts 900,000+ crypto users, 11th largest population in Africa (study)

Cameroon counts almost 900,000 cryptocurrency users, representing 6.76% of its active population. The figure is contained in a study on the development of...
Friday 25 August 2023Finance

Development assistance: Cameroon captured 50% of AFD’s financing in Central Africa in 2016-2022

The French Development Agency (AFD) granted a total of €2.8 billion (over CFAF1.8 trillion) in financing in five Central African countries over seven...
Friday 25 August 2023Finance

CEMAC: Central bank withdraws CFAF160 billion liquidity from the banking system in 48 hours

Between August 21 and 22, 2023, BEAC, the central bank of CEMAC countries, withdrew CFAF160 billion from the banking system. According to official data,...
Tuesday 22 August 2023Finance

CEMAC: BEAC steps up liquidity absorption to further restrict access to credit

Between August 7 and 11, 2023, BEAC, the central bank of CEMAC countries, carried out a liquidity absorption operation. The operation aimed to absorb...
Thursday 17 August 2023Finance

Credit to the economy: Cameroon relaunches CFAF200 billion facility, adjusts terms to avoid identified challenges

Finance Minister Louis Paul Motaze signed, Wednesday (August 16), a CFAF200 billion loan guarantee to support public and private companies. The agreement...
Thursday 17 August 2023Finance

Frozen accounts forced MTN to borrow funds for continuity of operations in H1’2023

MTN Cameroon borrowed CFAF91.5 billion (at the current South African Rand value) in the first half of 2023, according to data collected by Business in...
Wednesday 16 August 2023Finance

Telecoms: MTN Cameroon posts CFAF156 billion turnover for H1’2023 (+9% YoY)

In Cameroon, telecom group MTN recorded CFAF156 billion (at the current South African Rand value) in turnover in the first half of 2023, according to...
Thursday 10 August 2023Finance

Cameroon's 2023 bond issue: Private investors contributed CFAF22bln+ (report)

For the 2023 bond issue carried out by Cameroon last June, underwriters raised more than CFAF22 billion from private investors, according to a report...
Wednesday 9 August 2023Finance

Cameroon launches platform to optimize the collection of non-tax revenues

Last August 7,  Finance Minister Louis Paul Motaze presided over a workshop in Bangou, the Western region. The workshop aims to popularize Tresor...
Wednesday 2 August 2023Finance

Kribi Container Terminal secures CFAF12 billion loan to boost operating capacities

 Kribi Container Terminal (KCT), the concessionaire of the Kribi deep seaport’s container terminal, recently signed a CFAF12 billion loan agreement...
Thursday 27 July 2023Finance

Regulator COSUMAF Approves New Market Intermediaries, Issues Warning Against Illegal Operation in Cameroon

In a press release published on Wednesday, regional securities market BVMAC’s regulator, COSUMAF, invited the public not to subscribe to the public...
Thursday 27 July 2023Finance

Public securities: Cameroon remains the cheapest borrower in CEMAC, despite rising market costs

In June 2023, Cameroon was the CEMAC country that raised the cheapest funds on the public securities market of the central bank BEAC. That month, the...
Monday 24 July 2023Finance

IFC: Cameroonian-born Josiane Kwenda becomes regional representative for Côte d'Ivoire, Benin, Guinea and Togo

The International Finance Corporation (IFC), the World Bank's private sector financing arm, has announced the appointment of Cameroonian-born Josiane...
Thursday 20 July 2023Finance

Cameroon’s CCA Bourse becomes BVMAC-approved brokerage firm

CCA Bourse, a subsidiary of Cameroonian bank CCA Bank, can now operate on the regional exchange BVMAC as a brokerage firm. On Monday, July 17, the BVMAC...
Wednesday 19 July 2023Finance

Access Bank Plc enters into acquisition agreements with Standard Chartered Bank

Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard...
Tuesday 18 July 2023Finance

Express Union gets CFAF2bln loan to boost operations in Chad

Express Union, the microfinance group owned by Cameroonian business mogul Albert Kouinche, recently secured a $3 million (about CFAF2 billion) loan...
Monday 17 July 2023Finance

Alios Finance Cameroun launches CEMAC’s second multiple-rate bond issue

From July 17 to August 16, subscription is open for the multiple-rate bonds issued by leasing company Alios Finance Cameroun. The operation, launched at...
Sunday 16 July 2023Finance

Standard Chartered reaches deal for sales of subsidiaries in Cameroon and four other SSA countries

British bank Standard Chartered announced today (July 14), an agreement with Nigeria’s Access Bank for the sales of its subsidiaries in  Angola,...
Thursday 13 July 2023Finance

Inputs: NJS Group becomes the exclusive distributor of Norwegian Yara's products in Cameroon

On July 12, 2023, Norwegian fertilizer distributor Yara International officially announced the sale of its 65% stake in its Cameroonian subsidiary to the...
Thursday 6 July 2023Finance

2023 Bond issue: Cameroon secures nearly XAF177bln

Cameroon secured XAF176.7 billion in subscriptions for its 2023 bond issue, whose subscriptions were closed on June 30, 2023. The subscriptions exceeded...
Wednesday 5 July 2023Finance

2023 bond issue: Gabon tops Cameroon’s foreign investor list with XAF22.2bln in subscriptions

Investors based in Cameroon subscribed 77.5% of the XAF176.7 billion raised by Cameroon during its 2023 bond issue.  Based on the figures disclosed...
Monday 3 July 2023Finance

2023 Bond Issue: Cameroon exceeds XAF150bln target despite challenging environment

At the end of the subscription period on June 30, 2023, the number of bonds sold by Cameroon exceeded the XAF150 billion targeted by the country for its...
Saturday 1 July 2023Finance

MSME financing: CCA Bank secures CFAF10bln credit line to improve credit access

The International Finance Corporation (IFC) signed, on June 29, a partnership agreement with Cameroonian bank CCA Bank. The agreement allows the...
Friday 30 June 2023Finance

Cameroon flops T-bill issue amid restrictive monetary policies

In the June 19-23, 2023 business week, Cameroon paid a total of 23.3 billion CFA Francs on the regional central bank BEAC’s public securities...

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