Cameroon’s Electronic payment switch is now operating across the country. Laucnhed by the Minister of Post and Telecommunication Minette Libom Li Likeng, this switch managed by the Cameroon Postal Service CAMPOST, aims to promote the inter-operability of the various services offered by operators using the national electronic communication network. This interoperability will be performed via...
The African Development Bank (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and asset...
The State of Cameroon wishes to mobilize a total of CFAF 220 billion on the money market via the issue of Assimilable Treasury Bonds (OTA). This money will help finalize or carry out projects in four major areas and improve the living conditions of the population. Projects targeted by this fundraising are the development and...
some 10000 central african CFA franc bank note obverse Cameroon for the second time has not succeeded to raise 10 billion FCFA as expected from the debt market of the Bank of Central African States BEAC. Following the issuance of a 52 week fungible treasury bill, investors only churned out 8.5 billion FCFA with 7.5...
The payment of the salaries of Cameroonian civil servants will be an uphill task for banks this month. This is due to the scare of Covid 19 whose curve is geometrically progressing at a disturbing rate in the Central African country. Cameroon presently has 70 infected victims of Covid 19 with one death according to...
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has been named ‘Best Islamic Financier’ by the trade finance platform, Trade Finance Global (www.TradeFinanceGlobal.com), in cooperation with BAFT (www.BAFT.org). The international work carried out by banks, financial institutions and technology vendors to enable trade has never been...
La 34ème session ordinaire du Conseil des ministres de l’Union économique d’Afrique centrale se tient du 31 octobre au 2 novembre 2019. Neuf dossiers seront soumis à l’examen des experts qui prendront part à la 34ème session du Conseil des ministres de l’UEAC. Il y a notamment le projet de budget de la CEMAC pour l’exercice 2020. Celui-ci...
La mission va évaluer la mise en œuvre du programme d’aide en cours depuis 2017. Son séjour va s’étendre jusqu’au 8 novembre prochain. Le Fonds monétaire international (FMI) a entamé sa cinquième mission au Cameroun hier, 28 octobre 2019, dans le cadre du programme économique et financier mis en place en 2017. La délégation de...
C’est l’un des points qui ressort de la dernière session ordinaire du Comité ministériel de l’Union monétaire de l’Afrique centrale. Le Comité ministériel de l’Union monétaire de l’Afrique centrale (UMAC) s’est réuni en session ordinaire le 02 octobre dernier à Yaoundé. C’est l’entité de la CEMAC qui est responsable de la convergence monétaire des Etats membres...
