Yaoundé - 21 March 2023 -



CAR’s Touadéra agrees to revise the law on Bitcoin

The President of the Central African Republic, Faustin Archange Touadéra, has pledged to respect the rules governing the financial environment of the...
Monday 20 March 2023Finance

Cemac Heads of State make progress on the CFA reform during their latest meeting

During their latest meeting last March 17 in Yaoundé, the Cemac Heads of State decided on a gradual revision of the monetary cooperation framework with...
Monday 20 March 2023Finance

Cemac: Bank credit supply to large companies down 18.2% YoY in Q3 2022

The volume of bank credit received by large companies in the Cemac region dropped by 18.2% year-on-year in the third quarter of 2022, official Beac data...
Thursday 16 March 2023Finance

Bank credit: Cameroon showed the lowest quarterly interest rate increase in Cemac in Q3 2022

Interest rates on banking credits within the Cemac region increased by an average of 46 basis points from 10.29% to 10.75% YoY between July and September...
Thursday 16 March 2023Finance

Cameroon captures nearly 65% of bank credits in Cemac in Q3 2022

Cameroonian borrowers confirmed their leadership in the Cemac, absorbing 64.6% of all bank credit approved in the region during the third quarter of 2022....
Saturday 11 March 2023Finance

Bank credit supply down 13% in Q3 2022 in the Cemac region

The volume of banking credit approved within the Cemac region fell from CFA2,043.04 billion in Q3 2021 to CFA1,769.95 billion in Q3 2022, the...
Tuesday 7 March 2023Finance

Beac governor confirms the upcoming listing of Commercial Bank Cameroun

Abbas Mahamat Tolli, governor of the Bank of Central African States, announced the upcoming listing of Commercial Bank Cameroun (CBC) on the regional...
Friday 24 February 2023Finance

Orange Cameroon opens its arms to rivals’ customers

Orange Cameroon announced it has opened its mobile money service to users of MTN, Nexttel and Camtel. Subscribers of these operators can now have an...
Wednesday 22 February 2023Finance

Cameroon is losing banks' support on the Beac public securities market, Finance Minister says

Most banks approved by Cameroon as Primary Dealers (SVT) on the Beac public securities market are showing less and less interest in operations made by the...
Friday 17 February 2023Finance

Beac securities market: Cameroon raises interest rates on short-term borrowings, again

Cameroon raised the interest rates on its short-term borrowing on the Beac public securities market in January 2023. From 3%, the average interest rate on...
Friday 17 February 2023Finance

Cameroon seeks CFA450bn on the regional market in 2023

Cameroon’s government plans to raise a total of CFA450 billion through securities issues this year. As part of this plan, the Minister of Finance, Louis...
Monday 6 February 2023Finance

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...
Tuesday 31 January 2023Finance

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...
Monday 23 January 2023Finance

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...
Thursday 19 January 2023Finance

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...
Wednesday 18 January 2023Finance

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....
Monday 16 January 2023Finance

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...
Thursday 12 January 2023Finance

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...
Monday 19 December 2022Finance

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...
Friday 16 December 2022Finance

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...
Friday 16 December 2022Finance

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...
Tuesday 13 December 2022Finance

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...
Tuesday 13 December 2022Finance

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,...
Tuesday 13 December 2022Finance

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...
Wednesday 7 December 2022Finance

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...
Wednesday 7 December 2022Finance

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...
Friday 25 November 2022Finance

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...
Wednesday 23 November 2022Finance

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...
Tuesday 22 November 2022Finance

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...
Thursday 17 November 2022Finance

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...
Wednesday 16 November 2022Finance

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...

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