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beac

Motaze downplays BEAC’s Devaluation hypothesis, insist CEMAC States are working hard to eradicate Coronavirus

According to the Minister of Finance of Cameroon, the CEMAC states are working to mitigate the effects of the coronavirus on monetary parity. “The risk that hung over our heads...
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Banks in the CEMAC zone to face stiff regulations

Banking regulation has remained rigid for the banking sector in the CEMAC zone. Commercial banks in the sub-region are forced to continue to strictly adhere to the prudent rules that...
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Gabon pleads for the cancellation of Africa’s debts

Gabon, like other countries on the continent, calls for the cancellation of the debt of African countries without distinction of category. The announcement was officially made by Prime Minister Julien...
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BEAC pessimistic on Economic and Monetary prospects of the CEMAC zone, as Coronavirus slows growth

According to the issuing institution, the Covid-19 will cause, among other things, the deterioration of macro-economic accounts, the fall in external funding, the disruption of intra-community trade, the weakening of...
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Banks in the CEMAC sub region snub BEAC liquidity offer

The liquidity made available by the Central Bank does not attract the bankers of CEMAC, credited with about 2000 billion FCFA of free reserves, according to the IMF. But beyond...
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The moratorium on maturing bank loans outlined for Gabonese companies

The terms of the moratorium on maturities of corporate bank loans were detailed by the Ministry of Economy and Finance on April 22. Aimed at companies of all sizes, this...
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BEAC picks Cameroonians to manage part of the retirement funds of its employees

Alain Nkontchou, CEO Enko Capital Harvest Asset Management and Enko Capital led respectively by Cameroonians Marc Kamgaing  and the Nkontchou brothers have been retained by the Bank of Central African...
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BEAC prescribes electronic payment mechanisms to curb spread of covid-19

The Bank of Central African States BEAC is very concerned about the well-being of the populations of the member countries of the Economic and Monetary Community of Central Africa CEMAC,...
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Cameroon turns to BEAC’s financial market to raise funds for key projects

Investors active in the public securities market of the Bank of Central African States have been invited to subscribe to an issue of assimilable Treasury Bonds. (OTA)  of the Cameroon...
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BEAC resumes the injection of funds to assist Banks navigate through Covid 19

The Bank of Central African States BEAC has begun injecting a 250 billion FCFA  liquidity into the banking system of the CEMAC sub-region.This means that, banks in the zone will...
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BEAC to inject liquidity in CEMAC’s banking system

The Bank of Central African States BEAC has announced it will infuse 500 billion FCFA to boost the banking sector in particular.  The Monetary Policy Committee of the institution who...
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Cameroon fails to raise 10 billion FCFA from BEAC Debt market

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...
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