Finance
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...
Road construction: CUY Allocates XAF800M for compensation in Yaounde V and VII
Cameroon Urges More African Representation Within UN Security Council
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...
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...
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....
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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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