The information contained in the 2023 activity report of the Central African Stock Exchange highlights the essential role played by the Cameroonian Regional Bank. According to the Bvmac activity report, 248 successful movements were recorded in the equity compartment in 2023, compared to only 187 in 2022. As a result, the total value of transactions...
On October 30, the American government granted grants of $140,000, or 85 million CFA francs, to eighteen Congolese NGOs in Brazzaville. This aid will enable the beneficiary NGOs to carry out their projects with a view to contributing to the empowerment of Congolese communities, particularly disadvantaged ones. s part of the Ambassador’s Self-Help Funds and the...
Access Bank, a wholly-owned subsidiary of Access Holdings Plc, is a leading full-service commercial bank operating across a vast network of over 700 branches and service points spread across 3 continents, 22 countries, and serving over 60 million customers. With more than 28,000 employees spread across its operations in Africa, the United Kingdom, and Europe,...
Central African economic leaders, gathered in Douala under the Union of Central African Employers (UNIPACE), call on governments to act in the face of failing infrastructure, unbalanced taxation and weak economic integration. A union for development is essential to stimulate inclusive and sustainable growth in the region. It was in Douala, Cameroon’s economic capital, that...
The Central African Stock Exchange (BVMAC) continues its growth, with a 13.5% increase to 1,633.7 billion FCFA in June 2024 in the market capitalization of all listed securities compared to 1,439.3 billion FCFA a year earlier. In its latest 52-page report on the monetary policy of the sub-region, the Bank of Central African States...
The National Mining Company of Cameroon (Sonamines) marks a step forward in the management of mineral resources by transferring 420 kg of gold to the public treasury. This transfer, corresponding to 224 ingots, strengthens national reserves and illustrates the State’s desire to maximize tax revenues from artisanal mining. Sonamines, created in 2020 to structure the...
The Cameroonian government is planning a gradual decline in inflation to reach the community threshold of the Central African Economic and Monetary Community (CEMAC) by 2026-2027. Although inflation has climbed to 7.4% in 2023, the Ministry of Finance’s forecasts are optimistic, despite pressures on food and fuel prices. Over the past two years, inflation in...
Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), and the Founder of The Tony Elumelu Foundation (TEF), will co-chair the New African Summit, at the upcoming eighth edition of the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. Elumelu and other global financial business leaders will headline the FII Opening Plenary...
By Nicholas Norbrook Fresh from meetings with Senegal’s President Faye and Aliko Dangote, and about to celebrate 40 years of banking in the US, UBA chair Tony Elumelu expands on his vision for ‘joining the dots’ across the continent and the world. Tony Elumelu, the ever-kinetic proponent of Africapitalism, advocates for wealth- building within Africa...
