CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Sonatel launches a bond loan of 100 billion FCFA, the most never made by a private sector at the BRVM

The 100 billion CFA Franc bond loan that Sonatel is preparing to launch from June 15 to July 15 is an important step in the history of the regional financial market of the Economic and Monetary Union of Africa. the West (UEMOA). Indeed, never has such an amount been requested by a private issuer. Market players looking for fresh paper and a safe and profitable investment have a unique opportunity to reconcile their requirements with this loan. "Sonatel has a strong capacity to honor debt service and presents a very low credit risk which, I think, will reassure investors in these times of uncertainty," said Sonatel CEO Sékou Dramé.

Sonatel launches a bond loan of 100 billion FCFA, the most never made by a private sector at the BRVM

Issue 71 of Financial Afrik available for download from June 15.

The operation is led by Impaxis, “merchant bank, arranger and leader of the overall operation, including, initially, a bridging loan with lead Credit Suisse and other international / regional banks and, secondly, the bond issue so as not to delay the execution of the CAPEX plan ”, explains Ababacar S. Diaw, general manager of Impaxis. The two managers answered our questions in the monthly number 71 of Financial Afrik from June 15 to July 14.