Finance
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...
Cameroon: gov’t to plant 20,000 bamboo seedlings in the northern region
Don’t threaten a sitting traditional ruler, Association of traditional leaders Le Laakam warns Yampen Ousmanou
Yaoundé to install sensors to monitor air pollution
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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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