Search

Central African States Boost FX Reserves but Regional Imbalances Persist

Allen dreyfus Logo
© Allen Dreyfus
  • Foreign reserves reach CFA7,515 billion ($12.3 billion), up 9.2%
  • Gabon and Chad remain top contributors, while Congo lags behind

Cotonou, Benin – The Bank of Central African States (BEAC) saw its foreign exchange reserves rise to CFA7,515 billion (approximately $12.3 billion) in January 2025, marking a 9.2% year-on-year increase, driven by oil revenues, corporate tax payments from the extractive sector, and new external borrowing by member states.

Recent Business

Standard Chartered building. Photo @Standard Chartered Media
Standard Chartered exits Cameroon, hands over business to Access Bank
Read More »
Kasbah, Tunis, Tunisia. Photo by Brahim Guedich @ Unsplash
Tunisia inflation holds at 4.9% in November as food prices drive pressure
Read More »
Luanda, Angola Photo @ Unsplash
Angola inflation eases to 16.56% in November as food prices soften
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights