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CDEC

COBAC accuses CDEC of hampering Banks in Cameroon

The Cameroonian banking sector is in turmoil. In a confidential letter addressed to the Minister of Finance, a copy of which  was obtained by CEMAC ECO FINANCE , the Banking Commission of...
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Paul Biya orders Deposit and Consignment Fund to continue takeover of abandoned assets

According to the said press release signed on August 1, 2024 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, the deposits 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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