Since the beginning of 2016, there are now 16 banking institutions operating in the Central African Economic and Monetary Community (CEMAC) zone working with the Cameroonian Public Treasury, to enable the government reach its targets in terms of fundraising on the public stock market of the Central African States Bank.
According to the communiqué announcing the first operation by the Cameroonian State in this market on 13 January 2016, Commercial Bank Centrafrique, Commercial Bank Tchad and CCEI Bank Guinée Equatoriale, have joined the 13 other banks approved as Treasury bond dealers by the Cameroonian government, since the launch of the Bank for Central African states (BEAC) stock market at the end of 2011.
This increase in Specialists in value primary dealers (SVT) is proof of the desire of the Cameroonian government to increase its fundraising capacities on this market which has become very popular with four other CEMAC countries (Gabon, Chad, CAR and Equatorial Guinea), except for Congo which remains the only State in the community to have not yet issued either bonds or Treasury bills on the BEAC stock market.
Main actor of the BEAC stock market since its launch in 2011, Cameroon is hoping to raise this year a total of FCfa 270 billion, against FCfa 195.5 billion for Gabon, and between FCfa 180 and 210 billion for Chad. Even the very fragile Central African Republic is looking to raise FCfa 8 billion on this market during the first half of 2016. Equatorial Guinea, for its part, has not yet revealed its intentions, after its first operation on this market in 2015.
List of SVT approved by the Cameroon’s Ministerial Committee are: Afriland First Bank, Commercial Bank of society in Cameroon, International Bank of Cameroon for Savings and Credit, Standard Chartered Bank Cameroon, Societe Generale Bank in Cameroon, Ecobank Cameroon, United Bank for Africa Cameroon, Union Bank of Cameroon PLC, Ecobank Central, Crédit du Congo, BGFIBANK Gabon and Gabonese Union Bank.