Cameroon to raise over FCFA 50 bln in 2016 Q1

The Cameroonian Treasury will launch on January 13, 2016, its funding mobilization operations on the government securities market of the BEAC, on behalf of the new fiscal year.

For this first issue of comparable Treasuries (BTA) of 2016, the government will attempt to raise FCFA 7 billion, according to the planned timetable established by the Ministry of Finance.

Five other BTA emissions for the same amount are scheduled for January 27, 10 and 24 February and 9 and 23 March 2016. This makes a total of 42 billion CFA francs, which must be added an obligation issue the comparable Treasury (OTA) for an amount between 10 and 15 billion CFA francs.

Overall, it is a total between 52 and 57 billion CFA francs which the Treasury plans to raise on the securities market of the BEAC in the first quarter of 2016 to fund its one-time cash deficit, On the one hand, and fund projects included in the public investment budget in 2016, on the other.

According to our sources, the overall operations of the Cameroon government on the financial market in 2016 will cover a total of 370 billion CFA francs, of which 210 billion CFA francs by issuing 60 billion in BTA and OTA broadcasts on the government securities market of the Central Bank of the States of CEMAC and bonds for FCFA 100 billion, which will certainly be launched on the Douala Stock Exchange (DSX), the Stock Exchange of the country.