Finance

Cameroon: Olivier Bagneki Hugues, CEO of Nsia Vie Assurances, dies five months after his appointment According to several sources, he died of a malaise Our thoughts are with his family, friends, and colleagues during this difficult time. May his soul rest in peace. The business community in Cameroon and beyond is mourning the loss of…

Financial market: Bvmac crosses the $2 billion mark in global capitalization Driven by its bond compartment, the Central African Stock Exchange (Bvmac) experienced a growth of 26% between January and August 2024, crossing the 1,300 billion CFA francs mark in capitalization, or more than 2 billion US dollars. However, with a less dynamic equity compartment…

Cemac: Beac tries to withdraw 50 billion CFA francs from the banking system After July marked by liquidity offers of a record amount of 470 billion CFA francs, the issuing institute of the CEMAC countries (Cameroon, Congo, Gabon, Equatorial Guinea, Chad and CAR) has just launched a new issue of securities paying 2.5%. The Central…

CEMAC: after Equatorial Guinea, new scandal of counterfeit BEAC banknotes in the Central African Republic According to information received by Breaking News Bilingue, the three counterfeiters of Cameroonian, Senegalese and Central African nationality were apprehended by the local police, with a sum that is close to a billion CFA francs. The Central African Economic and…

Cemac: Bdeac now accounts for 30% of outstanding debts listed on Bvmac With the listing on August 7, 2024, in Douala of 5,476,971 new bonds worth 54.7 billion CFA francs, the Development Bank of Central African States comes in second behind the State of Cameroon and ahead of Gabon. The Economic and Monetary Community of…

Bdeac 2024 bond issue: more than 500 securities traded upon listing on the stock exchange In detail, 275 bonds of tranche B were exchanged for 10,000 CFA francs or an amount of 2.8 million CFA francs. And 250 bonds of tranche C, for a total of 2.5 million CFA francs including coupons. The Central African…

Financial Asset Management receives the green light from the regulator to launch the first 2 OPCIs in the Cemac zone A pioneer in real estate asset management in CEMAC, Cameroonian Willy Delort Heubo is launching his inaugural OPCIs targeting qualified investors and institutional legal entities. The real estate asset manager will then invest in premium…

Cemac: Beac oxygenates the banks again after more than 1 year of famine At the beginning of June 2024, the central bank resumed its liquidity injections into the banking system, operations suspended since February 2023. Highly popular and showing increasing volumes since their resumption, these measures encourage financing of the economy, which occurs in a…

Banking sector: while selling off his activities in Africa Cameroonian Georges Wega leaves Société Générale The only sub-Saharan African on the French group’s management committee, the Cameroonian banker will be leaving his position as Deputy Director of international banking networks for the Africa, Mediterranean Basin and Overseas (Afmo) region at the end of this month….