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

Investment options. Photo by Christian Dubovan @ Unsplash
Bonds, equities or fintech? Where Africa’s investors may find returns in 2026
Read More »
Import and export trade common in Africa. Photo by Kurt Cotoaga @ Unsplash
European investors commit $100mn to modernise Senegal’s Port of Dakar
Read More »
Taxi bus Libreville, Gabon. Photo @ Unsplash
Gabon raises over $190mn from regional bond sale
Read More »

Recent Politics

don-jackson-wyatt-sbhubyl7lWI-unsplash
US launches deadly airstrikes against terrorist groups in Nigeria
Read More »
African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »

Latest Posts

Latest news insights