(Business in Cameroon) – The Cameroonian government raised CFA1153.9 billion on the Central African States Bank (BEAC) public securities market in 2024, marking a 20.4% increase from the previous year. This was revealed by Finance Minister Louis Paul Motazé on February 13, 2025, in Douala during a presentation to investors outlining the country’s financing program for the year.
Despite a challenging financial climate, Cameroon’s borrowing on the regional debt market continues to grow. The country is facing tougher market conditions, including rising borrowing costs and shorter maturities for sovereign securities. “We are seeing, with increasing urgency, the rising cost of financing our public debt and the shortening of average maturities for sovereign bonds,” said Sylvester Moh, Director General of the Treasury at the Ministry of Finance.
One key example is the yield on Cameroon’s Treasury Bills (BTA), which has surged from 2.67% in 2020 to 6.33% in 2024—more than doubling in just four years. At the same time, investor interest in the country’s debt has weakened. The coverage rate for Cameroon’s financing requests on the public securities market has dropped significantly, from 206.9% in 2020 to just 69% in 2024, according to Finance Ministry data.
Still, investors continue to trust Cameroon’s debt securities, thanks to the country’s solid repayment track record. Since the BEAC public securities market was launched in 2011, Cameroon has never defaulted on its payments. “We have always met our debt obligations on time,” Minister Motazé assured investors in Douala.
