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

Wind turbines. Photo by Thorsten Dahl @ Pixabay
Ethiopia nears financial close on $620mn Aysha 1 Wind Power Project
Read More »
A copper mine. Photo by Alexander Waturandang @ Pixabay
Congo’s Gécamines seals $1bn copper deal, boosts global leverage
Read More »
Locals and tourists interacting at Maputo's Avenida Marginal in Mozambique. Photo by Rohan Reddy @ Unsplash
Mozambique inflation edges higher as food prices lift December CPI
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights