Finance
Cameroon pays back CFA63.4bn on Beac securities market, seeks additional CFA20bn
Cameroon made last June 5 the issuance of 7-year fungible Treasury bonds (OTAs) on the Beac public securities market aiming at raising CFA20 billion, the...
USA donates over 11,000 tons of rice to food-insecure people in Cameroon
Cameroon's trade balance improves in 2022: Exports rise, imports fall
Cameroon, NGO Care join forces to further empower women
CCA Bank is about to secure a CFA3bn IFC expansion loan
Cameroonian credit institution CCA-Bank announced it has entered negotiations with the International Finance Corporation to obtain $5 million (about...
Cameroon: Govt to transfer CFA165bn+ into a Single Treasury Account from local banks
The Cameroonian government plans to transfer CFA165.6 billion from local commercial banks’ accounts to the Single Treasury Account (STA) by the end of...
Paul Biya adjusts the state budget to cover debt and support the population
Cameroon’s President signed a decree last June 2 to modify the 2023 Finance Act. Per this amendment, the state budget has been raised from...
2023 Bond issue: Cameroon finally reaches draft agreement with arrangers
The final draft of the agreement binding Cameroon and the five arrangers of its seventh bond issue on the regional financial market (BVMAC) was submitted...
APM SA seeks $6.5bn expansion fund from IFC
The Cameroonian marine services company APM SA is seeking a loan of €10 million (about CFA6.5 billion) from the International Finance Corporation...
La Régionale Bank raises its market cap by 14.5% through share distribution
The number of La Régionale Bank’s shares listed on the Central African Stock Exchange (Bvmac) increased from 61,630 to 72,089 as of May 29. This 17%...
Chinese investment fund supports Cameroon’s development with over CFA18,000bn
Cameroon is about to secure a valuable partner for its National Development Strategy 2020-2030. Yesterday, the Minister of Economy (Minepat) signed a...
Cameroon gets a B rating from Fitch with a stable outlook
US rating agency Fitch, in a statement published Friday, has maintained Cameroon's long-term foreign-currency issuer default rating at B and affirmed that...
2023 Bond issue: Cameroon lowers target amid tough negotiations with arrangers
Cameroon has reduced its target for the bond issue it is preparing on the Central African stock exchange BVMAC this year. According to sources close to...
Energy: Sonatrel posts CFAF2.6 bln net profit for 2021, despite large accounts receivable
Cameroon’s electricity transmission company Sonatrel achieved a net profit of CFAF2.6 billion, according to the 2021 report on the financial situation of...
Cameroon launches new fundraising on the Beac market amid the challenging context
The Cameroonian Treasury launched a new fundraising operation on the Beac public securities market. This time, and despite the not-so-friendly context,...
Mipromalo seeks funds on the Bvmac to build two brick-and-tile production units
The Cameroon Local Materials Promotion Authority (Mipromalo) announced it is seeking funds on the regional money market to build two brick and tile...
Cameroon reaches staff-level agreement with the IMF for CFA45bn disbursement
The International Monetary Fund announced in a May 19 statement it has reached a staff-level agreement with Cameroonian authorities following the fourth...
Beac increases weekly withdrawal operations to CFA100 billion
The Bank of Central African States increased its weekly withdrawal operations to CFA100 billion, according to a statement made public yesterday May...
E. Guinea’s Bange drives over 3,200% MoM surge in Bvmac transactions in April 2023
The total value of transactions carried out on the equity segment of the regional stock market Bvmac reached CFA1.052 billion in April 2023, according to...
African central banks meet in Yaoundé to find a solution to climate change consequences
The Association of African Central Banks (AACB) kicked off today in Yaoundé a three-day workshop to discuss the impact of climate change on the continent....
Gimac records nearly CFA400bn in transactions in 2022, 73% via mobile money
The Interbank Electronic Banking Group of Central Africa (Gimac) said it recorded 10 million transactions for a cumulative value of CFA395 billion in...
Cemac: Beac pushes for green bonds to stimulate stock market
After officially joining the World Bank's Sustainable Banking and Finance Network (SBFN), the Bank of Central African States (Beac) has expressed its...
Cameroon prepares new bond issue on Bvmac, most expensive in 13 years
The Cameroonian Treasury has announced plans to launch a new bond issue on the Bvmac regional financial market to raise CFA200 billion. This will be the...
CEMAC: Bdeac approves CFA59bn for six new projects
The Development Bank of Central African States (Bdeac) approved the disbursement of a little more than CFA59 billion to support the implementation of six...
Cameroon: IsDB steps into the NoSo reconstruction with CFA21bn
The Cameroonian government has secured new financial support as part of the reconstruction of the war-torn Anglophone regions of the Northwest and...
Elite Capital unfolds expansion plan on the Beac money market, increases capital by 187%
Elite Capital Securities, a Cameroonian brokerage firm licensed by the market regulator Cosumaf, has announced plans to expand its presence on the Beac...
Cameroon begins repayment of its 2022 bond issue on the Beac market
The Cameroonian Treasury announced the repayment of its 2022 bond issue on the Beac public securities market. As part of this move, a first disbursement...
Beac officially joins World Bank-supported SBFN
The Bank of Central African States (Beac) has officially joined the Sustainable Banking and Finance Network (SBFN), a platform supported by the World Bank...
BDEAC saw its profit down almost 50% YoY in 2022
The Development Bank of Central African States (BDEAC) ended FY2022 with a profit of CFA5.1 billion, we learned following the bank’s general meeting held...
Cameroon: govt to boost agricultural financing over the next 5 years
The Cameroonian government, through its National Strategy for Inclusive Finance (SNFI), announced the disbursement of CFA10.5 billion to boost...
Cameroon: External debt of public entities up CFA41bn in Q1 2023
The debt of state-owned enterprises and public bodies, as of March 31, 2023, was estimated at CFA879 billion, according to a recent note from the...
IsDB bets on APME’s experience to boost commitments in Cameroon
In Cameroon, the Islamic Development Bank (IsDB) has selected the SME promotion agency APME as its partner for the deployment of its SME financing...
La Régionale Bank secures CFA3bn IFC loan
The International Finance Corporation (IFC), which runs private financing within the World Bank Group, approved the disbursement of $4.9 million...
World Bank to grant CCA-Bank a CFA10bn loan for MSME financing
The International Finance Corporation, World Bank’s private arm, announced talks with CCA-Bank to help the bank improve financing to micro, small and...
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