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BEAC Anticipates Accelerated Economic Growth in 2024

During its meeting on September 23 in Yaoundé, the Monetary Policy Committee (MPC) of the Bank of Central African States (BEAC) shared optimistic economic forecasts for 2024, predicting a growth...
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Subscriptions at CEMAC Securities market decline

The eleventh session of the Permanent Consultation Framework (CPC) of the Public Treasuries with the Treasury Securities Specialists (SVT), opened on September 3 in Brazzaville, is devoted to the challenges...
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Congo huge Debt worrisome for the World Bank

With a public debt rate estimated at 96% of the Gross Domestic Product (GDP), Congo is still classified as over-indebted by the World Bank (WB). Getting out of over-indebtedness would...
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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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COBAC stops Cameroon transfer of ”Sleeping Funds” to Deposit and Consignment Fund CDEC

Cold snap on the process of transferring funds and assets assigned to the Caisse des Dépôts et Consignations (Cdec) of Cameroon. While the institution has already collected several billion CFA...
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Navigating the Franc CFA: Balancing Stability and Reform in Central Africa

Central Africa’s economy treads a delicate path, balancing monetary stability, historical ties, and aspirations for autonomy. At the heart of this discourse lies the Franc CFA, a common currency across...
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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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Over 1500 billion FCFA raised through BVMAC in 2023

Although the market capitalization of available securities increased by 36.8% over one year, efforts are still expected so that the Central African Securities Exchange (Bvmac) achieves its objectives, underlines the...
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CEMAC Zone: BEAC regulates money issues to minimize inflationary trends

Following the course of operations of the bank of banks since the onset of the global health crisis, which has had a real impact on the economy and the post-crisis...
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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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UAE and Belgium key destinations for Cameroon’s Diamonds

This Cameroonian diamond export to the United Arab Emirates can be explained by the explosion, in recent years, of trade with Dubai. “Indeed, the main city of the United Arab...
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BEAC envisages Economic recovery in the CEMAC zone

Thus, for this year, the Monetary Policy Committee of the Bank of Central African States predicts, in particular, a real gross domestic product (GDP) growth rate of 1.%, against -2.1%...
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