As was already the case on August 5, 2020, the Cameroonian Treasury has entered the money market on August 12 with Gabon, also trying to raise 12 billion FCFA, through a 26-week BTA issue. This makes a global envelope of 42 billion FCFA for the two countries, which have been the main promoters of the...
"The aforementioned authorization is granted to the company BANGE Bank Cameroon SA to practice in the banking sector, in strict compliance with the laws and regulations in force", specifies the ministerial decree. After this step, the establishment will have to obtain the approval of the monetary authorities, namely the Central African Banking Commission (COBAC) and...
According to the BEAC, the variation in the prices of basic products between January and March 2020 was marked by a cumulative decline in energy products (-10.3%) and non-energy products, mainly fishery products (-8 %) and to a lesser extent forest products (- 1.5%). On the other hand, the prices of agricultural products exported by...
Equally important, the Minister received a letter from the industry regarding ongoing concerns over forex regulations imposed by the Bank of Central African States (BEAC). On this occasion, he insisted that mitigating the economic and business impact of the Covid-19 pandemic remained a priority in order to ensure sector recovery and investments across the value-chain....
According to the Minister Delegate in charge of the Budget, Ludovic Ngatsé, the global strategy for piloting the 2020-2029 public finance reforms reflects the government's will. "This dynamic of reforms, as you know, reflects the will of the President of the Republic, Head of State, His Excellency Denis Sassou N'Guesso, who never ceases to require...
This Council, which is held the day after the Inter-State Committee organized in Yaoundé on August 4, 2020, will allow the Ministers of Economy and Finance of CEMAC member States to validate the resolutions adopted by this technical body, in particular on the subject recovery measures after the coronavirus, Community funding, free movement in the...
At the end of the discussions, the consensual memorandum adopted by the African governors of the IMF and the World Bank highlighted an improvement in external aid and the effectiveness of aid during the Covid-19 pandemic, an increase in the provision of services in the social fields; consolidation of macro-fiscal policies and governance, by offering...
For Alamine Ousmane Mey, President of the 2020 African Caucus of the World Bank Group and the IMF, “hosting the African Caucus meeting on Covid-19 confirms the commitment of African governments to implement programs on crisis and prevention in an effective and efficient manner, so that they can fully recover from the pandemic ”.
Both facilities will be repaid from an allocation of 30,000 barrels per day of NPDC’s crude oil. UBA has a strong track record in the resources sector across Africa, having facilitated oil prepayment deals with the NNPC, including its 2013 $100 million participation in the PXF Funding Limited transaction, and a further $60 million in...
