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Financial markets

Congo Financial Authorities implored to maximize Revenue

A few weeks after the Head of State entrusted him with the management of the general directorates of customs and taxes, the Minister of the Budget, Public Accounts and Public...
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Banks in the CEMAC zone demand increased liquidity

The recent liquidity offer reveals a significant gap between the amount provided (120 billion CFA francs) and the demand (511 billion CFA francs) expressed by the banks of  the Economic and...
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Cameroon mobilizes 355 Billion FCFA for Internal Debt Settlement and funding of Projects

In a press release made public on July 31, 2024, Louis Paul Motaze set the national opinion on the direction that will be given to the 550 million USD, or...
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CEMAC International Trade Stakeholders gain AfCFTA experience from Cameroon

 CEMAC international Trade Stakeholders have been briefed about the experience of the A d-hoc S ubcommittee responsible for implementing the initiative on Guided Trade of the Continental Free Trade Area...
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BVMAC record about 14 Billion FCFA worth of transactions in Q1 of 2024

The Central African Stock Exchange (Bvmac) recorded 82 transactions for a total volume of 1,570,945 securities, representing a value of more than 14 billion FCFA in the first quarter of...
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IMF Approves 72 Billion FCFA for Cameroon after 6th Economic Review

The International Monetary Fund IMF Has approved, on the one hand, the 6th review of Cameroon ‘s Economic and Financial Program 2021-2024 supported by the Extended Credit Facility (ECF) and the Extended Credit...
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Commercial banks in the CEMAC zone in search for liquidity despite 90 Billion FCFA offer from BEAC

The financing need of these banks is increasingly expressed, to the point where the liquidity offer of 90 billion FCFA issued by the Beac on June 25, 2024; could not...
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BEAC Advocates for the rehabilitation of SONARA

It is a distress call that Yvon Sana Bangui, the governor of Beac, launched on June 24, 2024, reminding the Cameroonian authorities of the need for rapid rehabilitation of Sonara...
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BEAC Foreign Exhange reserves stall at 7.2 Trillion FCFA

The volume of foreign exchange reserves of the Bank of Central African States (BEAC) represents an external coverage of the currency of 78.4%, or 4.79 in months of imports of...
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The European Union plans to invest 80 billion Euros for research in Cameroon rare minerals

Faced with Chinese competition and its hegemony at the global level, the European Union once again demonstrated its interest in raw materials during the Cameroon International Convention of Mines and...
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DRC Central Bank maintains rates with positive Economic Outlook

The Central Bank of Congo (BCC) decided to keep its key rate unchanged at 25% following a meeting of its Monetary Policy Committee held on Friday May 31, 2024. Under...
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UBA Cameroon Reveals Plans to Support SMEs Thanks to an Agreement with the Africa Continental Free Trade Area (AfCFTA)

After the agreement between UBA Group and the Africa Continental Free Trade Area (AfCFTA) Secretariat in 2023 to invest $ 6 billion as funding for African Small and Medium Enterprises...
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SBCapital takes Cameroon’s Money Exchange Sector by storm, unveils juicy services

Alternatively, customers can walk into its office, initiate and complete a transaction. “Realizing that speed, security and convenience are important to potential clients, At SB Capital Ltd, we take this...
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BEAC launches Control Operation against Illicit Capital flight

The Bank thus hopes to get its hands on the operators who are at the origin of the current account deficit observed during fiscal year 2020. If the exact figures...
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