(Business in Cameroon) – The Board of Directors of the Bank of Central African States (BEAC), the central bank of the six-member CEMAC bloc, approved a major financial contribution on October 6, 2025, during a meeting in Malabo.
According to the official communiqué, the BEAC was authorized to disburse XAF 1.04 billion for its share of the capital and to temporarily cover unpaid contributions from certain shareholders totaling XAF 814.6 million.
In total, the central bank will provide just over XAF 1.8 billion, including funds to cover the outstanding capital contributions of shareholders in the planned central securities depository for the Central African Securities Exchange (BVMAC), headquartered in Douala, Cameroon.
The move is expected to accelerate the creation of this key institution in the CEMAC financial market, which will manage the clearing and settlement of securities transactions on the exchange.
Following the 2019 merger of the region’s two former stock exchanges, the Douala Stock Exchange (DSX) in Cameroon and the BVMAC in Gabon, the BEAC has been temporarily handling settlement operations pending the establishment of a permanent structure.
As part of efforts to revitalize the unified CEMAC financial market, the BEAC launched a process in March 2020 to recruit a consultant to develop a business plan for the depository.
In its 2021 annual report, the BVMAC announced plans to hold a 40% stake in the new entity, which will also include private investors and the central bank among its shareholders.
BRM
