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Yaoundé - 22 April 2021 -

Finance


cemac-towards-the-creation-of-a-regional-credit-information-bureau

CEMAC: Towards the creation of a regional credit information bureau

On April 20, the Bank of Central African States (Beac) issued a pre-qualification notice for the selection of a technical and strategic partner to...
cameroon-eurobond-repcam-9-5-19-nov-2025-becomes-attractive-days-after-refinancing-announcement
Thursday 15 April 2021Finance

Cameroon: Eurobond REPCAM 9.5% 19 nov 2025 becomes attractive days after refinancing announcement

Since the announcement of the choice of Rothschild & Co as the lead arranger of Cameroon's second Eurobond operation, the quality of  REPCAM...
cameroon-top-5-of-the-local-banks-with-the-highest-outstanding-bank-loans-at-end-feb-2021
Wednesday 14 April 2021Finance

Cameroon: Top 5 of the local banks with the highest outstanding bank loans at end-Feb 2021

As at end-February 2021, the volume of outstanding loans granted by the 15 banks operating in Cameroon was XAF3,956.3 billion, according to data from the...
louis-paul-motaze-cautions-residents-against-unlicensed-microfinance-institutions
Wednesday 14 April 2021Finance

Louis Paul Motazé cautions residents against unlicensed microfinance institutions

Minister of Finance Louis Paul Motazé recently published a list of the 415 microfinance institutions approved in Cameroon as of December 31, 2020. In...
cameroon-outstanding-bank-loans-rose-by-xaf43-6-bln-mom-in-feb-2021-beac
Tuesday 13 April 2021Finance

Cameroon: Outstanding bank loans rose by XAF43.6 bln MoM in Feb 2021 (BEAC)

From XAF3,912.4 billion in January 2021, the volume of outstanding bank loans in the Cameroonian banking sector rose to XAF3,956.3 billion in...
cameroon-medium-and-long-term-credits-constituted-over-51-of-loans-granted-by-commercial-banks-in-feb-2021-beac
Monday 12 April 2021Finance

Cameroon: Medium and long-term credits constituted over 51% of loans granted by commercial banks in Feb 2021 (BEAC)

In February 2021, commercial banks operating in Cameroon granted XAF82.3 billion of long-term loans (repayable over 80 months on average) to economic...
rothschild-co-to-arrange-cameroon-s-2nd-eurobond-operation
Wednesday 7 April 2021Finance

Rothschild & Co to arrange Cameroon’s 2nd Eurobond operation

The second Eurobond to be issued in Cameroon’s history will be arranged by multinational investment bank and financial services...
cameroon-elaborates-xaf871-bln-plan-to-revive-the-post-covid-19-economy
Wednesday 31 March 2021Finance

Cameroon elaborates XAF871 bln plan to revive the post-Covid-19 economy

To revive its economy, which entered recession in 2020 (-2.6%) due to the Covid-19 pandemic, the Cameroonian government elaborated a three-year plan...
covid-19-badea-to-support-heavily-affected-cameroonian-smes-with-xaf10-4-bln
Tuesday 30 March 2021Finance

Covid-19: BADEA to support heavily affected Cameroonian SMEs with XAF10.4 bln

The Arab Bank for Economic Development in Africa (BADEA) recently agreed to support Cameroonian SMEs heavily affected by the coronavirus pandemic....
cameroon-ecobank-group-offers-to-refinance-xaf450-bln-eurobond
Monday 29 March 2021Finance

Cameroon: Ecobank Group offers to refinance XAF450 bln Eurobond

Bankers are already expressing interest in the refinancing of Cameroon’s 2015 Eurobond, whose amortizations are scheduled to start in...
cameroon-pension-fund-cnps-posts-xaf72-3-bln-net-profit-for-2020-despite-covid-19
Friday 26 March 2021Finance

Cameroon: Pension fund CNPS posts XAF72.3 bln net profit for 2020 despite Covid-19

On March 19, 2021, the 2020 management report of Cameroon’s National Social Insurance Fund (CNPS) was validated by the board of directors. The...
cameroon-debt-recovery-agency-src-to-auction-four-buildings-to-refund-bankrupted-banks-clients
Friday 19 March 2021Finance

Cameroon: Debt recovery agency SRC to auction four buildings to refund bankrupted banks’ clients

In the coming days, four buildings located in the two Cameroonian capitals will be auctioned by Cameroon’s debt recovery agency SRC (Société de...
alios-finance-cameroon-releases-xaf521-million-to-amortize-its-alios-5-75-net-2018-2023-bond
Wednesday 17 March 2021Finance

Alios Finance Cameroon releases XAF521 million to amortize its Alios 5.75% Net 2018-2023" bond

Alios Finance Cameroon will release XAF521 million to repay part (XAF444.4 million) of the "Alios 5.75% Net 2018-2023" bond plus XAF76.6...
bvmac-dynamization-at-last
Tuesday 16 March 2021Finance

BVMAC: Dynamization at last?

The Central African stock exchange (BVMAC), which was not dynamic in 2019, seems to be gradually picking momentum. Indeed, between the 4 months from...
congo-chooses-commercial-bank-of-cameroon-and-emrald-securities-services-as-lead-arrangers-for-its-2021-2026-bonds-issuance
Monday 15 March 2021Finance

Congo chooses Commercial Bank of Cameroon and Emrald Securities Services as lead arrangers for its 2021-2026 bonds issuance

On March 12, 2021, the republic of Congo launched subscriptions for its 2021-2026 bonds on the Central African stock exchange (BVMAC). As lead arrangers...
bicec-board-appoints-outman-roqdi-as-new-md
Friday 12 March 2021Finance

BICEC board appoints Outman Roqdi as new MD

On March 10, 2021, the board of directors of the Banque internationale du Cameroun pour l’épargne et le crédit (Bicec), which is a subsidiary...
bdeac-invests-xaf1-7-bln-in-a-hotel-project-in-douala
Thursday 11 March 2021Finance

BDEAC invests XAF1.7 bln in a hotel project in Douala

Last March 9th, in Douala, Fortunato-Ofa Mbo Nchama (photo), president of the Development Bank of the Central African States (BDEAC)  signed a...
cameroon-outstanding-credits-rose-by-6-7-yoy-in-2020-despite-the-coronavirus-pandemic
Thursday 11 March 2021Finance

Cameroon: Outstanding credits rose by 6.7% YoY in 2020 despite the coronavirus pandemic

In 2020, despite some banks’ reluctance to grant loans to individuals (because of the fallouts of the coronavirus pandemic notably), the volume of loans...
cemac-for-the-first-time-since-2020-liquidity-demand-exceeds-offer-in-the-beac-weekly-liquidity-injection-operations
Thursday 11 March 2021Finance

CEMAC: For the first time since 2020, demand exceeds offer in the BEAC weekly liquidity injection operations

On March 9, 2021, during the weekly liquidity injection operation organized by the Bank of Central African States (BEAC), credit institutions captured...
union-bank-of-cameroon-moves-to-conquer-additional-market-shares
Wednesday 10 March 2021Finance

Union Bank of Cameroon moves to conquer additional market shares

Despite the economic fallouts of the coronavirus pandemic and the challenges it is facing since 2009 (forcing COBAC to place it under provisional...
cameroon-alphonse-nafack-reelected-president-of-apeccam
Monday 8 March 2021Finance

Cameroon: Alphonse Nafack reelected president of Apeccam

At the end of an elective General Assembly held on February 24, 2021, in Douala, the Professional Association of Credit Institutions of Cameroon (Apeccam)...
cameroon-to-recapitalize-two-private-banks-to-the-tune-of-xaf46-9-bln
Friday 5 March 2021Finance

Cameroon to recapitalize two private banks to the tune of XAF46.9 bln

Cameroon will inject close to XAF47 billion to recapitalize Union Bank of Cameroon (UBC) and National Financial Credit (NFC Bank), two banks ailing...
cemac-banks-show-rising-interest-in-beac-liquidity-injection-operations
Friday 5 March 2021Finance

Cemac: Banks show rising interest in BEAC liquidity injection operations

During the March 2, 2021, liquidity injection operation organized by the Bank of Central African States (BEAC), banks operating in the CEMAC region...
alain-symphorien-ndzana-biloa-international-tax-cooperation-rules-should-be-updated-to-improve-tax-collection
Thursday 4 March 2021Finance

Alain Symphorien Ndzana Biloa: "International tax cooperation rules should be updated" to improve tax collection

The coronavirus pandemic once again proved that countries, especially those with modest financial resources, should mobilize more tax.  So, Alain...
chad-cameroon-pipeline-chad-initiated-no-negotiations-for-the-sales-of-its-21-stake-sht-s-boss-says
Thursday 4 March 2021Finance

Chad-Cameroon pipeline: Chad initiated no negotiations for the sales of its 21% stake, SHT’s boss says

On March 3, 2021, Ibrahim Mahamat Djamous (director-general of Chad National Hydrocarbon Company-SHT) published an official release denying...
cameroonian-fintech-diool-raises-xaf1-8-bln-to-develop-digital-payment-services
Friday 26 February 2021Finance

Cameroonian fintech Diool raises XAF1.8 bln to develop digital payment services

The Cameroonian start-up Diool, which specializes in mobile payment methods aggregation, recently raised $3.5 million (XAF1.8 billion) to develop...
chad-cameroon-pipeline-cameroon-reportedly-offered-xaf150-bln-for-chadian-stake
Thursday 25 February 2021Finance

Chad-Cameroon pipeline: Cameroon reportedly offered XAF150 bln for Chadian stake

On February 24, 2021, online daily Africa Intelligence revealed that The National Hydrocarbons Corporation (SNH) of Cameroon offered XAF150...
orange-cameroon-posts-xaf216-38-bln-turnover-in-2020-up-5-16-yoy
Thursday 25 February 2021Finance

Orange Cameroon posts XAF216.38 bln turnover in 2020, up 5.16% YoY

Orange Cameroon generated a turnover of €329 million (XAF216.38 billion) in 2020, according to the financial results recently published by the...
cameroon-moves-for-eligibility-to-the-world-bank-s-prevention-and-resilience-allocation-mechanism
Wednesday 24 February 2021Finance

Cameroon moves for eligibility to the World Bank’s Prevention and Resilience Allocation mechanism

On February 23, 2021, in Yaoundé, the Minister of Economy Alamine Ousmane Mey launched the consultations initiated to develop the inclusive strategy...
cameroon-in-2020-the-government-recovered-xaf12-2-bln-of-salaries-wired-into-deceased-civil-servants-accounts
Wednesday 24 February 2021Finance

Cameroon: In 2020, the government recovered XAF12.2 bln of salaries wired into deceased civil servants’ accounts

In 2020, Cameroon recovered XAF12.2 billion of salaries paid into deceased civil servants’ accounts from the banks and microfinance institutions that were...
cemac-cameroon-to-raise-xaf225-bln-on-the-public-securities-market-in-h1-2021
Wednesday 24 February 2021Finance

CEMAC: Cameroon to raise XAF225 bln on the public securities market in H1-2021

The Cameroonian public treasury plans to raise XAF225 billion on the BEAC public securities market via the issuance of long-term securities in H1-2021....


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