Cameroon Raised Over XAF2,600bln On Capital Market Since 2010

Since 2010, Cameroon has been very active on the money market. According data compiled by the finance department, the nation raised a total of XAF2,616.3 billion on the market through national, regional and international fundraisings.

Over the period reviewed, the top fund provider was the public securities market of the bank of Central African States (Beac) where Cameroon mobilized XAF1,370.9 billion. Most of the monies, or XAF1,322.2 billion, was mobilized through the issue of treasury bills (BTAs) which are short-term loans. Only XAF48.8 billion was mobilized through the issue of fungible treasury bonds (OTAs) which are long-term loans.

In addition, the Cameroonian treasury carried out a series of bond issues on the Douala Stock Exchange (DSX), the local financial market. A total of XAF795 billion has been raised on this market since 2010.

Eurobond

Back in 2015, Cameroon issued its very first Eurobond. Of the XAF750 billion sought, the Public Treasury succeeded in raising XAF375 billion, at an interest rate of 9.75%.

But, to protect itself from fluctuations in the dollar and lower the interest rate on this international loan, the Cameroonian government decided to make a swap (change in the nature or conditions of a share or bond).

This operation allows the government to change its sovereign bonds, initially issued in US dollars, into securities now denominated in euros (a much more stable currency). This operation brings the outstanding amount of this loan to just over XAF450 billion, at an interest rate of 8.8%.

According to the Ministry of Finance, the funds raised have been used to carry out major infrastructure projects in the country. In detail, 44.2% of the total envelope was invested in energy and drinking water infrastructure, compared to 28.5% for road projects and 13.4% for stadium construction and rehabilitation as part of the AfCON 2021.

Business In Cameroon

206 thoughts on “Cameroon Raised Over XAF2,600bln On Capital Market Since 2010

  1. Hi there Dear, are you genuinely visiting this web page on a regular basis, if so afterward you will definitely take good knowledge.

  2. I’m really impressed with your writing talents and also with the format in your weblog.
    Is that this a paid theme or did you customize it yourself?
    Anyway stay up the excellent high quality writing, it’s rare to see a nice
    weblog like this one nowadays..

  3. Very good blog! Do you have any tips and hints for aspiring
    writers? I’m hoping to start my own blog soon but I’m
    a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices
    out there that I’m totally overwhelmed .. Any suggestions?
    Kudos!

  4. Let me give you a thumbs up man. Can I give
    my hidden information on amazing values and if you want to really findout?

    and also share valuable info about how to make money yalla
    lready know follow me my fellow commenters!.

  5. It doesn’t matter how a lot you have won so lengthy as you meet the minimum qualifying quantity for
    the cashback bonus.

    Feel free to surf to my site – here

  6. My spouse and I stumbled over here from a different website and thought I might as well check things out. I like what I see so now i’m following you. Look forward to looking over your web page for a second time.

  7. I don’t even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you are going to a famous blogger if you are not already 😉 Cheers!

  8. Hey there! This post couldn’t be written any better! Reading this post reminds me of my old room mate! He always kept talking about this. I will forward this post to him. Pretty sure he will have a good read. Thanks for sharing!

  9. Amazing blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Kudos

  10. What i do not realize is in reality how you’re not really a lot more well-favored than you may be right now. You are so intelligent. You understand therefore significantly when it comes to this matter, produced me individually believe it from so many numerous angles. Its like men and women don’t seem to be interested unless it’s something to accomplish with Woman gaga! Your personal stuffs nice. All the time maintain it up!

  11. Unquestionably consider that that you stated. Your favourite justification appeared to be at the internet the simplest thing to keep in mind of. I say to you, I definitely get irked at the same time as other people consider worries that they plainly do not recognize about. You controlled to hit the nail upon the top as well as defined out the whole thing with no need side effect , folks can take a signal. Will likely be back to get more. Thank you

  12. Can I just say what a relief to discover somebody who truly knows what they’re talking about online. You definitely know how to bring an issue to light and make it important. More and more people need to look at this and understand this side of the story. It’s surprising you aren’t more popular since you definitely have the gift.

  13. I’m not sure why but this web site is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.

  14. Hi my loved one! I want to say that this article is awesome, great written and come with almost all important infos. I’d like to see more posts like this .

  15. After looking into a number of the blog articles on your web site, I truly like your way of blogging. I book marked it to my bookmark site list and will be checking back soon. Please check out my web site as well and let me know what you think.

  16. I’m not sure why but this web site is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.

  17. I don’t even understand how I stopped up here, however I thought this submit used to be good. I don’t understand who you are however definitely you are going to a famous blogger for those who are not already. Cheers!

  18. Woah! I’m really loving the template/theme of this site. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between superb usability and visual appearance. I must say you have done a excellent job with this. Additionally, the blog loads very fast for me on Opera. Superb Blog!

  19. First off I want to say terrific blog! I had a quick question that I’d like to ask if you don’t mind. I was curious to know how you center yourself and clear your thoughts before writing. I have had a difficult time clearing my mind in getting my thoughts out. I do enjoy writing but it just seems like the first 10 to 15 minutes are generally wasted just trying to figure out how to begin. Any suggestions or tips? Thanks!

  20. Nice post. I learn something new and challenging on sites I stumbleupon every day. It will always be interesting to read content from other writers and practice a little something from their websites.

  21. Hey There. I found your blog using msn. This is an extremely well written article. I will be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will definitely comeback.

Leave a Reply

Your email address will not be published. Required fields are marked *