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

Busy street of Accra, Ghana. Photo by Kofi Bhavnani @ Unsplash
Ghana treasury bill auction misses target as falling yields weaken demand
Read More »
Luanda, Angola Photo @ Unsplash
Angola holds interest rate at 17.5% as inflation falls and oil risks loom
Read More »
Soraya Hakuziyaremye, Governor of the National Bank of Rwanda, and Gerald Nyaoma, Deputy Governor of the Central Bank of Kenya signed the deal. Photo @ X/Ministry of Trade, Rwanda
Rwanda, Kenya sign fintech passporting deal to ease cross-border digital payments
Read More »

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?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights