BANKING AND FINANCE
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CEMAC REGION : How the Beac Succeeded in Slowing Inflation
In a globalized sub-regional market economy, the Central Bank of Central African States (Beac) plays a regulatory role to avoid…
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FINANCIAL SECTOR : Microfinance Financial House Achieves Significant Profit in Cameroon in 2023
The year 2023 was exceptional for the Cameroonian microfinance institution (MFI) Financial House. According to an internal report obtained by…
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ECONOMIC SLOWDOWN : The BDEAC records a 10 % drop in profits in 2023
In 2023, the BDEAC recorded a profit of 3.8 billion CFA francs, compared to 4.146 billion CFA francs in 2022.…
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ASCA ASSET MANAGEMENT : Georges James Ndzutue Fotso, New Chief Executive Officer
Recognized for his expertise in the finance industry, Georges James Ndzutue Fotso is making his entry into asset management. On…
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FINANCIAL MARKET : Gabon once again trusts Cameroonian stockbroking companies
Gabon has recently launched a bond loan called « EOG Multi-Tranches 2024-2030 » on the financial market of the Central African Economic…
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CEMAC REGION : Mobile Money is revolutionizing Capital Markets
The massive adoption of mobile money has particularly transformed financial services, facilitating transactions, savings, and investments for a largely unbanked…
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INSURANCE SECTOR : Cameroon Records a 6.32 % Growth in 2023
The insurance sector in Cameroon experienced a positive dynamic in 2023, with a 6.32 % increase in its overall turnover.…
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SOCIÉTÉ GÉNÉRALE : Bgfi Bank aims to acquire assets in Cameroon and Ghana
The wave of « financial liberation » shaking the African continent amid the retreat of French banks is whetting the appetite of…
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CAMEROON : EMF Financial House S.A. Considers Doubling Its Capital
In an information note made public on May 30th, the management of Financial House S.A. announced its intention to substantially…
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SECURITIES ISSUE : BEAC Withdraws 150 Billion FCFA from the Banking Circuit
On May 27, 2024, the Bank of Central African States (BEAC), the issuing institution of the six CEMAC countries (Cameroon,…
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