(Invest in Cameroon) - According to the latest report on the increase in prices of commodities exported from CEMAC countries (CameroonGabon, Congo, Chad, CAR and Equatorial Guinea) ". , the prices of metals and agricultural products in the future are bound to fluctuate in the market " as seen during Q2 2019, before " increasing again in 2020 ".
IMF advises Beac to stop financing BDEAC
According to the International Monetary Fund (IMF), it is not the responsibility of a central bank to ensure the financing of a development bank. Therefore, the Bretton Woods institution in a press release issued on 18 December 2019 recommended that the Bank of Central African States (Beac), avoid ...
DEVELOPMENT OPPORTUNITIES IN AFRICA: BEAC changes rules for money transfers between residents and foreigners
In a circular letter dated 14 August, Abbas Mahamat Tolli , the governor of the Bank of Central African States Beac, clarifies transfers outside Cemac :
- Cameroon
- Central African Republic
- Congo
- Gabon
- Equatorial Guinea
- Chad
on profits generated by non-residents and foreign residents.
" All labour income paid in FCFA may be transferred outside CEMAC, provided that the non-resident or resident alien provides evidence that a portion of his or her local expenses (rent, hotel expenses, and other items of subsistence) have been met. Otherwise, the amount of the employment income to be transferred may not exceed 75% of this income " ,
states the document signed by the governor. However, it states, the transfer of labour income in foreign currency to foreign non-residents is free of charge.
AFRICA - CEMAC EXCHANGE - World Bank provides assistance for its implementation
World Bank provides assistance in second phase of Cemac (Invest in Cameroon) - The Bank of Central African States (Beac) reports that the second phase of the unification project for the CEMAC stock exchange has already begun. This is being done through a mission of the ...
BANQUE DES ETATS DE L'AFRIQUE CENTRALE - BEAC
BEAC (Bank of Central African States- BCAS). It originated from the Banque Centrale des Etats de l'Afrique Equatoriale et du Cameroun (BCEAEC) which in turn derived in 1959 from the reorganisation of the Institut d'Emission de l'Afrique Equatoriale Francaise et du Cameroun. The transformation of the BCEAEC into BEAC took place in ...
English (UK) 
Italiano 
Français