(Business in Cameroon) – The Development Bank of Central African States (BDEAC) and the African Export-Import Bank (Afreximbank) signed a 65 billion CFA franc financing agreement on June 5, 2025, in Abuja, Nigeria. This new credit line will allow BDEAC to fund development projects across the CEMAC region, which includes Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the Central African Republic.
“This credit line will allow BDEAC to strengthen and diversify its operations within the CEMAC zone, thereby contributing more effectively to regional economic integration, sustainable development, and improved living conditions in line with Strategic Orientation No. 1 of the Azobe 2023–2027 Strategic Plan,” BDEAC said in a press release. The agreement was signed by BDEAC President Dieudonné Evou Mekou and Afreximbank President Benedict Oramah.
Established in 1977 to support the development efforts of Central African states, BDEAC has approved 2,378.4 billion CFA francs in financing since its inception. This funding has covered various projects, feasibility studies, and equity investments. However, the bank notes a significant increase in financing requests from economic operators in recent years, requiring more financial resources.
To meet this rising demand, BDEAC has increasingly turned to capital markets. This includes fundraising operations on the Central African Securities Exchange (BVMAC), the unified financial market for CEMAC countries based in Douala, Cameroon. The agreement with Afreximbank is part of this broader strategy to secure fresh funding and better respond to the growing needs of member states and the private sector within the region.
BRM
