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….
Banking sector: in full sale, Standard Chartered Bank implicated in an illegal employment scandal in Cameroon Nearly 50% of employees of the Cameroonian subsidiary of the elite bank are in a situation of job insecurity. A serious phenomenon that tarnishes the reputation of the British group operating in this country since 1986. Revelations. The banking…
Cameroon’s Cocoa Sector: A Look at the 2023-2024 Season Compared to the previous campaign which amounted to 263,613 tonnes, national production has increased, as have the revenues generated by the sector. Cameroon’s cocoa industry is a vital component of the national economy and a significant player in the global market. As we delve into the…
The Legacy of Issa Hayatou: A Pillar of African Football RIP The African football community recently faced a wave of conflicting reports regarding the well-being of one of its most influential figures, Issa Hayatou. Born on August 9, 1946, in Garoua, Cameroon, Hayatou’s journey in sports administration has left an indelible mark on the continent’s…
Faithful Mobilized to Prevent Collapse of CBC and CBCHS Institutions It has been a while since we, CONCERNED CHRISTIANS made an outing on the disgraceful happenings that have been ongoing within this once mighty CBC. This has been so for two main reasons: – The matters of the church are now being listened to by…
Banking sector: CCA-Bank distributes a record dividend of 10 billion CFA francs to its shareholders The year 2023 was a fruitful year for CCA-Bank, which achieved its highest profit in 7 years for an equally historic dividend distributed to shareholders. EcoMatin’s close-up on the performance of this former microfinance company that successfully migrated to banking…
Kribi Port Industrial Zone: The New Destination for Industrialists in Cameroon With constantly improving infrastructure and a favorable investment climate, the Kribi Port Industrial Zone (ZIPK) is on its way to becoming a major industrial and logistics hub in Central Africa. Cameroon is poised to take a significant leap in its industrial and economic development…
Customs revenue: in Cameroon, the South II sector mobilizes 27.1 billion CFA francs in July 2024 For the General Directorate of Customs (DGD) of Cameroon, this is a record recorded by this customs sector since the commercial commissioning of the Autonomous Port of Kribi (PAK) on March 2, 2018, In July 2024, Cameroon’s South II…
Public securities: Cameroon pays up to 8.48% on its 3-year OTAs in June 2024 The yield curve of Cameroonian government securities made public by the Central Bank of CEMAC countries illustrates that Assimilable Treasury Bonds (OTA) with maturities of 3 and 3.5 years were, as of June 30, 2024, the most popular public bonds issued…
