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Across Your Markets

First production of LNG has successfully started from the Hilli Episeyo vessel off Cameroon. Hilli Episeyo has a relatively small production capacity of 2.4 million tonnes a year and its first cargo will be loaded around early April 2018 (Bloomberg).     The Monetary Policy Committee of West Africa’s CFA regional central bank (BCEAO) holds its benchmark interest rate unchanged at 2.5 percent (7 Mar 2018)    Cote d’Ivoire and Cameroon among the top 5 banana exporters to Spain with volumes of around 5,000 tonnes and 3000 tonnes respectively in August 2016    LafargeHolcim is expanding cement production capacity in Cameroon to 2.1million tonnes from 1.6 million tonnes to compete more aggressively with Dangote which plans to boost capacity to 3 million tonnes within 3 years     Uber technologies plans to offer its services in Cote d’Ivoire, Cameroon and Senegal in 2017 according to Alon Lits, its general manager for sub Saharan Africa    Nestlé, Brasseries du Cameroun and Camlait now among 55 companies allowed export duty-free access to the central African economic bloc

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Friday, December 14, 2018

Country outlook

Côte d’Ivoire’s Eurobond: The elephant in the room

A mammoth deal: Côte d’Ivoire, the world’s top producer and exporter of cocoa, has issued a $2.1 billion Eurobond, in what is the biggest recorded euro issuance from an African government. The maturity of the bond is split, with tranches due in 2030 and 2048. Market data indicate this is the second biggest EUR Eurobond offering

Central African Bourse: Economic rivalry may soon give way to common-sense as Douala and Libreville eye merger

Efforts are underway in the Central African Economic and Monetary Community (CEMAC) to merge the Douala Stock Exchange (DSX) with Libreville’s Central African Bourse (BVMAC) after years of lacklustre activity. Prospects for the merger had been raised following a decision by the regions’ Heads of State in October 2017 with a steering committee now expected

From the editor: Are Cameroon’s stoic financial markets downplaying unquantifiable politics?

A tale of two cities We share two intriguing headlines from the past two weeks with our readers. The first suggesting “the Anglophone crisis may prolong…Q1-2017 GDP contraction” the second reading “Investors have an expensive habit of downplaying unquantifiable politics”. The first quote is culled from Bloomberg Intelligence’s brief on Cameroon while the second is

Why 666 may be Cameroon’s lucky number

This is not a pat on the back Last month the IMF approved a three year loan for USD666 million to Cameroon, the first such support from the Fund since 1999 and comes on the back of discussions with the IMF following the emergency December meeting of the Economic and Monetary Community of Central African

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