Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

CEMAC Misses Foreign Reserves Target as IMF Warns of Economic Uncertainty

International Monetary Funds
© SOPA Images Limited / Alamy Stock Photo

Amindeh Blaise Atabong

Amindeh Blaise Atabong is a financial journalist with a track record of high-impact reporting.
  • Bloc falls €4.43 billion short of net foreign assets target for June 2024
  • IMF urges fiscal consolidation and stricter foreign exchange enforcement

Yaoundé, Cameroon – The Central African Economic and Monetary Community (CEMAC) failed to meet its net foreign assets (NFA) target for June 2024, missing the mark by €4.43 billion, the International Monetary Fund (IMF) said on Wednesday.

Sign Up To Our Free Newsletter

Recent Business

China trades with Africa . Photo by Wolfgang Weiser @ Unsplash
Mauritania secures $1bn trade finance deal to boost economic growth
12/03/2026
12 hours ago
Ahmed Boulor
Read More »
Food prices drive up inflation. Photo by Kamran Chaudhry @ Unsplash
Egypt inflation rebounds as food prices push urban CPI higher
12/03/2026
14 hours ago
Justice Nwafor
Read More »
A farmer picking cocoa in the field. Photo @ Pexels
Nigeria cocoa trader Sunbeth raises $118mn in oversubscribed commercial paper deal
12/03/2026
16 hours ago
Ahmed Boulor
Read More »
Custom Research

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
11/03/2026
1 day ago
Wanderi Kamau
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
09/03/2026
3 days ago
Dulue Mbachu
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
26/02/2026
2 weeks ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

China trades with Africa . Photo by Wolfgang Weiser @ Unsplash
Read More »
Mauritania secures $1bn trade finance deal to boost economic growth
Food prices drive up inflation. Photo by Kamran Chaudhry @ Unsplash
Read More »
Egypt inflation rebounds as food prices push urban CPI higher
A farmer picking cocoa in the field. Photo @ Pexels
Read More »
Nigeria cocoa trader Sunbeth raises $118mn in oversubscribed commercial paper deal
A woman selling bananas in a market. Photo by Andrew Itaga @ Unsplash
Read More »
Rwanda inflation surges to 9.2% in February as energy prices strain households
Food prices drive up inflation. Photo by Kamran Chaudhry @ Unsplash
Read More »
Egypt inflation rebounds as food prices push urban CPI higher
A farmer picking cocoa in the field. Photo @ Pexels
Read More »
Nigeria cocoa trader Sunbeth raises $118mn in oversubscribed commercial paper deal
A woman selling bananas in a market. Photo by Andrew Itaga @ Unsplash
Read More »
Rwanda inflation surges to 9.2% in February as energy prices strain households
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Read More »
Gulf war pushes petrol prices higher in Nigeria
A farmer picking cocoa in the field. Photo @ Pexels
Read More »
Nigeria cocoa trader Sunbeth raises $118mn in oversubscribed commercial paper deal
A woman selling bananas in a market. Photo by Andrew Itaga @ Unsplash
Read More »
Rwanda inflation surges to 9.2% in February as energy prices strain households
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Read More »
Gulf war pushes petrol prices higher in Nigeria
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
Read More »
Can South Africa sustain economic growth amid global turmoil?