Finance Africa

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  • Cameroon's Stock Exchange Sees Surge in Bond Transactions, Despite Low Volume February 6, 2025
    The Central African Stock Exchange (BVMAC) recorded 114 transactions in Q4 2024, the Central Bank Beac reported. The institution noted that just five of these transactions, accounting for 4.39%, were in the bond market. The remaining 109 transactions, or 95.6%, were in the equity market. Despite the small number of bond trades, the bond sector played […]
  • CFA42.1bn Need for Road Maintenance in 2025 in Cameroon (Mintp) February 6, 2025
    CFA42.1 billion has been requested to maintain unpaved roads in Cameroon this year, according to estimates by the Ministry of Public Works (Mintp). The department has identified 19 projects, totaling 1,337 kilometers of roads, which are set to be worked on this year. This comes as part of the overall effort to maintain the country’s […]
  • BEAC Reminds Exchanging Damaged Notes Is Free, No Fees Required February 6, 2025
    The Bank of Central African States (BEAC) issued an alert, reminding the public that damaged banknotes can be exchanged free of charge at its national headquarters in Yaoundé. In a Feb. 4 statement, the central bank urged the public, especially businesses, to take advantage of this official process rather than turning to unofficial channels. According […]
  • Sosucam Sugar Plantations Destroyed Amid Violent Workers’ Strike February 6, 2025
    Cameroon’s Sugar Corporation (Sosucam) has suffered a major blow, with 150 hectares of its sugar cane plantations going up in smoke. The fire followed a strike by the company’s employees that spiraled into a full-blown riot on February 4 in the town of Nkoteng. The details were revealed on February 5 by Naseri Paul Bea, […]
  • Camvert Pledges to Create Fund for Youth Self-Employment in Campo February 4, 2025
    During a consultation workshop held on January 29 and 30 in Kribi (South Region), Camvert, along with representatives from the Campo community, adopted three key resolutions to support both the company’s growth and the local population’s development. One of the key commitments was Camvert's promise to create a fund specifically for youth self-employment in Campo, […]
  • Cameroon Bondholders Hold On to 2023-2031 Bonds Despite Purchase Offers February 4, 2025
    Since the stock trading sessions on January 30 and 31, 2025, and February 3, 2025, investors at the Central African Stock Exchange (BVMAC) have been trying to buy 100 bonds from the Cameroonian government’s 2023 multi-tranche bond issue. According to the official daily listing from BVMAC, these purchase offers, which have been left unfilled, are […]
  • Cameroon Weighs Creation of Sanaga Basin Management Agency February 4, 2025
    The Technical Assistance Project for Hydropower Development on the Sanaga River (Patdhs) has completed its mission and presented its final findings on January 31 in Yaoundé. One of its key recommendations is the creation of a Sanaga Basin Management Agency to oversee the river's various uses while ensuring environmental protection and safeguarding the socio-economic interests […]
  • IMF Pushes for Reform of Cameroon’s Investment Incentive Law February 4, 2025
    The International Monetary Fund (IMF) is not satisfied with how Cameroon has implemented its 2013 law on investment incentives. In a statement released on January 30 announcing an agreement with the Cameroonian government on the latest review of their ongoing economic and financial program, the institution called for a revision of the law. This legislation […]
  • BEAC Launches Audit of Recruitment Process Amid Controversy February 3, 2025
    On January 29, Yvon Sana Bangui, the Governor of the Bank of Central African States (BEAC), officially launched an audit of the recruitment process for the 22nd class of senior staff members at the BEAC. This announcement was made in a statement signed by the head of the central bank for the six Cemac states. […]
  • BEAC Reduces Weekly Liquidity Offer to Banks February 3, 2025
    On January 30, the Bank of Central African States offered CFA150 billion in liquidity to commercial banks in the Cemac zone. This mark a sharp decline of CFA80 billion from the CFA230 billion offered on January 21. Despite the reduced liquidity, the offer was sufficient to meet the banks' needs. According to the BEAC’s report, […]
  • Cameroon Gov't Bids $191.6mln for Société Générale Stake February 3, 2025
    The Cameroonian government has announced its intention to acquire 58.08% stake in the local subsidiary of Société Générale. The country offered $191.6 million, according to letter from the Ministry of Finance. The government’s decision is based on legal provisions in Société Générale Cameroon’s statutes and follows a letter from the French banking group outlining its plans to […]
  • Cameroon Secures CFA63.5bn World Bank Loan to Upgrade Its Statistical System January 31, 2025
    Cameroon has signed a CFA63.5 billion credit agreement with the World Bank to improve its National Statistical Information System (SNIS). The deal was signed by Economy Minister Alamine Ousmane Mey on January 20 and by Joseph Tedou, Director General of the National Institute of Statistics (INS), on January 24. The announcement was made by the […]