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

Oil rig. Photo @ Pixabay
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Read More »
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
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