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cemac

African Energy Chamber Salutes BEAC’s Authorization to Open Foreign Currency-labelled Escrow Accounts

“We applaud the BEAC for listening to the private sector concerns and for adopting a pragmatic approach to foreign currency regulations in the wake of the ongoing crisis caused by...
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BEAC report reveals a 14.9% drop in CEMAC exports

"A sharp drop, especially since the previous quarter, exports had increased by 2.1%, oil has contributed more than 88.3% to the overall evolution, while the contribution of agricultural products was...
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Distance Banking in Gabon: “BGFI Cash Management”, an innovative solution for businesses

With a single access code, customers can independently and easily access a wide range of basic services and innovative features. Among these, the daily management and monitoring of their accounts....
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Cameroon to raise 110 billion FCFA from BEAC financial market in Q3 of 2020

Concretely, this fundraising operation will take place in several phases. The first will take place from July 8 to 27, 2020. During this period, Cameroon wants to raise 50 billion...
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Chad seals 54 billion FCFA accord to improve electricity supply

According to the Minister of Economy and Development Planning, Issa Doubragne, the Cameroon-Chad interconnection line is one of the flagship projects selected in the energy master plan of the CEMAC...
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CEMAC economic recession could hit 6% according to BEAC

According to the central scenario, an economic recession of 5.9% is forecast, a slight inflationary rise to 2.5%, that is to say below the Community standard which is 3%, a...
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HPS Boss Prosper Sugewe births financial rating agency in Cameroon

Until this first agency obtains an approval from the Central African Financial Market Supervisory Commission (COSUMAF), the CEO of HPS International Consulting SA has engaged in consultations to select experts...
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CEMAC spearheads project to electrify Gabon from Equatorial Guinea

The project is part of the objectives pursued by the countries of Central Africa to make their sub-region, "an emerging integrated space, where security, solidarity and good governance prevail for...
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CEMAC and ECCAS for unique industrial and diversification agenda

“The project of developing a unique industrialization and economic diversification strategy for Central Africa is therefore godsend to enable us work together around the common value chains that will provide...
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African Energy Chamber Calls on Investors to Benefit from Extension of the 12th Gabon Licensing Round

In addition to the seismic data, well data is now available for 167 wells within the MegaSurvey area, in order to support the evaluation of the blocks on offer. “Value-added...
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Gabon: “Public investment is not the engine of growth” – IMF

In terms of quality of infrastructure, the efficiency of public investments has halved from the optimal level forecast, compared to a drop of 20% in the world and in sub-Saharan...
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EOGSEZ 6.5% Gross 2018-2028 Bond loan: Subscribers to be paid soon

Gabon Special Economic Zone (GSEZ) will proceed on June 15, 2020, to the payment of interest on its bond loan issued in 2018 called “EOGSEZ 6.5% gross 2018-2028”, for an...
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CEMAC foreign reserves generated 13 billion FCFA interest in 2019

This represents an increase of 35% compared to those generated at the end of 2018 (9.5 billion FCFA). The reserves of the countries of the Economic and Monetary Community of...
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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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