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Finance

BEAC picks Cameroonians to manage part of the retirement funds of its employees

Alain Nkontchou, CEO Enko Capital Harvest Asset Management and Enko Capital led respectively by Cameroonians Marc Kamgaing  and the Nkontchou brothers have been retained by the Bank of Central African...
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Chad, CAR among 19 African countries to benefit from IMF Debt relief scheme

The IMF Executive Board has approved immediate debt service relief to 19 African states (IMF’s member countries) under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of...
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Cameroon’s Tax authorities prescribe unique Taxpayer number for economic operations

To carry out an economic transaction in Cameroon, you must now have a unique identifier number (NIU), also called the taxpayer number. These are the requirements of the 2020 finance...
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First round of Three Treasury Bond series earns Cameroon 71 billion FCFA

Cameroon has raised 71 billion FCFA at the end of a 5-year fungible Treasury bonds issuance (T-bonds) operation on April 8, 2020. Investors we are told offered up to 75...
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US think-tank says Congo’s difficult economic situation poses a major challenge for BEAC

The economic situation in the Republic of Congo will be a challenge for the Bank of Central African States (BEAC) in 2020, in the light of the latest analysis provided...
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Central African Republic budgets 113 billion FCFA to fight Coronavirus

Before the nation’s elected officials on Wednesday, Firmin Ngrebada, Prime Minister of the Central African Republic, announced that the country is counting on a budget for a response plan against...
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IMF Disburses $147 million to Gabon for covid-19 response

Under the Rapid Financing Instrument (IFR) established by the International Monetary Fund (IMF) to mitigate the effects of the Covid-19 pandemic on the economies of member countries, the Bretton Woods...
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Cameroon turns to BEAC’s financial market to raise funds for key projects

Investors active in the public securities market of the Bank of Central African States have been invited to subscribe to an issue of assimilable Treasury Bonds. (OTA)  of the Cameroon...
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BEAC resumes the injection of funds to assist Banks navigate through Covid 19

The Bank of Central African States BEAC has begun injecting a 250 billion FCFA  liquidity into the banking system of the CEMAC sub-region.This means that, banks in the zone will...
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Covid 19: Drop in Car imports from Nigeria to Cameroon slumps customs revenue in the North region

Trade between the North of Cameroon and Nigeria has drastically dropped following the closure of the border by government to contain the spread of the coronavirus.  The closure of the...
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Public transport bound vehicles in Cameroon to have 5% custom exoneration

Cameroon’s Finance Minister, Louis Paul Motaze has set the term for the application of a measure to reduce custom tarrif by 5% for imported vehicles intended for public transport. The...
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“In 5 years, Cameroon’s public debt rises to 67.2% of GDP” – MINFI

The public debt and guarantees of Cameroon stood at about 8424 billion FCFA by December 2019. The Ministry of Finance who published the report also reveals the amount represented at...
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Cameroon unveils 2020-2022 Debt plan

The Cameroonian government unveiled its debt strategy for the period 2020-2022, in a briefing note on issues of bonds of assimilable treasures (OTA) by auction, published on April 1, 2020...
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BEAC to inject liquidity in CEMAC’s banking system

The Bank of Central African States BEAC has announced it will infuse 500 billion FCFA to boost the banking sector in particular.  The Monetary Policy Committee of the institution who...
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