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Investment: Cameroon Faces Challenges In Raising Funds On The Beac Public Securities Market.

Dernière mise à jours il y'a 1 ans

The Cameroonian Public Treasury was scheduled to make a repayment of 14 billion Cfa Francs on the Beac Public Securities Market on November 27,2024.

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The Cameroonian Treasury was only able to raise the amount of 4 billion Cfa Francs, this information was made known by The Country's Public Treasury last month during the "Finance Week" .This forced the country to tap into its own funds for at least more than 8 billion Cfa Francs,in order to make the repayment and save its reputation as one of the most credible players in this market since its inception, According to the Cameroonian Public Treasury. This information disclosed by the Cameroonian Public Treasury, comes after the warning sounded at the beginning of 2023 by Louis Paul Motaze, Minister of Finance . Already concerned about the lack of interest shown by banks aggregated by the government, towards the operation of mobilizing funds on this market by the Cameroonian Public Treasury.Data from the Central Bank of Central African States,(BEAC) reveals that, Cameroon ,once the dominant force in the public securities market, has been surpassed by Gabon and Congo which offer investors more competitive interest rates.For over 10 years, the Cameroonian Treasury has never recorded a single payment default on this market. 

 

Christelle Koambi 

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