Search

Cameroon Taps BEAC Market for CFAF 70 Billion to Cover Budgetary Gaps

© Pexels
  • Government raises $121 million via Treasury bills and bonds amid tight liquidity
  • Move reflects shift towards local debt amid slow external financing

Yaoundé, Cameroon – Cameroon raised CFAF 70 billion ($121 million) on the regional government securities market this week, issuing fungible Treasury bills and bonds to reinforce short- and medium-term public finances. The operation was conducted via auction under the oversight of the Bank of Central African States (BEAC), as the country grapples with delayed external financing and weaker non-oil tax revenues.

You need an active subscription to continue reading this article.

Recent Business

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights