Massive Devaluation of Franc Xcfa Versus the U.S. dollar
European Union To Phase-In A Single Supervisory Body For Eurozone Banks
Cameroon Banks – CEMAC Zone Banks Record Marked Progress. The 45 banks in the Central African Economic and Monetary Community (CEMAC) zone, have recorded a marked progress in their activities.
Central African Bank Governor Refutes Possible Devaluation of CFA Francs . The Governor of the Bank of Central African States (BEAC), Lucas Abaga Nchama says there is no envisaged devaluation of the CFA francs, the currency used by countries of the Franc zone in West and Central Africa.
Cameroon Politics: Afriland First Bank General Manager Appointed Cameroon’s Finance Minister. President Paul Biya of Cameroon in a decree appointing a new government on December 9, 2011, appointed the General Manager of the Afriland First Bank, Alamine Ousmane Mey, the Minister of Finance.
Cameroon Raises FCFA 8 Billion in Treasury Bonds. The government of Cameroon has raised FCFA 8 billion in treasury bonds within the first phase of the operation launched on November 17, 2011.
Cameroon Economy: Central African Zone To Witness 4.8 Percent Growth. The Central African Economic and Monetary Community (CEMAC) zone is expected to reach 4.8 percent growth in 2011, compared to 4 percent in 2010, the Governor of the Bank of Central African States (BEAC), Lucas Abaga Nchama said in Cameroon’s capital city, Yaounde on Friday, October 28, 2011
Cameroon Banks- Seven Banks in Cameroon Classified Among 200 Best in Africa. The international news magazine, Jeune Afrique in its 28th special issue, has published a classification of banks in Africa with seven of Cameroon’s banks on the list.
Cameroon Business News: Cargill Helps Cameroon Boost Cocoa Produce
Cameroon, China Sign Cooperation Agreements in Beijing. The hallmark of Cameroon’s Head of State, Paul Biya’s fifth State visit to the People’s Republic of China, is the signing of cooperation agreements between the two countries in the economic, technical, health, tourism and cultural domains.