(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 ".
Cemac market: 2019 growth rate exceeds 2.5%
As at 31 December 2019, the gross domestic product (GDP) growth rate for the area Cemac finally surpassed 2.5%. This information is contained in a press release made official at the end of the last session of the Monetary Policy Committee in Shortened CPM of the central bank of the six states of this community.
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 ...
Cameroon: project to protect local production of more than 50 national products starts
50 products that will soon be banned from importation into Cameroon including paints, cosmetics, agri-food products ...
Video source: https://www.africanews.com
Investing in Cameroon - The Ministry of Commerce (Mincommerce) informs that 50 products may soon be suspended imported into Cameroon. Without specifying details or deadlines for the implementation of this measure, the Ministry of Trade nevertheless indicates that no less than 12 sectors are affected, due to the surplus nature of local production.
These areas include:
- varnishes,
- metallurgy,
- cement,
- industrial packaging,
- cosmetics,
- agribusiness,
- vegetable oils,
- palm oil derivatives and the brewing industry.
" L' exhaustive list below " , says the Ministry.
AFRICA BDEAC will buy shares in Afreximbank
(Invest in Africa) - Cameroon's Minister of Finance (Minfi), Louis Paul Motaze, chaired the board of the Central African States Development Bank (BDEAC) in Congo-Brazzaville on 9 August. During this meeting, we learn, the board approved the proposed participation of the BDEAC ...
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 ...
Africa: Cemac countries want to accelerate economic partnership agreement negotiations with EU
CEMAC - Since 2015, Central African states have been aiming to accelerate negotiations for an Economic Partnership Agreement (EPA) with the European Union. This was the outcome of the 2015 summit of heads of state of the member states of the Central African Economic and Monetary Community (Cemac) ...
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