African Bond Market Review

Newsletter Issue 16: March 2017

The AFMI is pleased to present you with the first newsletter of the year 2017. This month, we would like to introduce you to the regulatory and supervisory body of the CEMAC financial markets sub region - The Supervision Commission of the Central African Financial Market - COSUMAF.

The COSUMAF president Mr Rafael TUNG NSUE provides us with an insight into the framework of the development plan to foster a dynamic Financial market in Central Africa.

Happy reading and compliments of the season!

“AFMI - Your gateway to Africa’s bond markets.”

Featured Interview

Rafael Tung Nzue Bilogo, President, Commission for the Supervision of the Central African Financial Market (COSUMAF)

COSUMAF Defines The Development Plan To Foster A Dynamic Financial Market In Central Africa

08/03/2017

Created by decision of the Central Africa Heads of States Conference, 2001, the Supervision Commission of the Central AfricanFinancial Market (COSUMAF) is the supervisory, regulatory and control authority of the Central African Financial Market.

Categories: Gabon

Country Profiles

Cameroon

POPULATION: 23.3 Million
CURRENCY: XOF
GDP: 14.262 BN
GROWTH FORECAST: 5.7%
SECURITIES
Treasury Bills (T-Bills): Maturities available are 13 weeks, 26 weeks and 52 weeks
Treasury Bonds (T-Bonds): Maturities available are equal or greater than 2 years
Secondary Market: Compared to the embryonic stage of development of CEMAC securities market, the secondary market is clearly inexistent.


Gabon

Population: 1.7 Million
Currency: XOF
GDP: 15.9 BN
Growth Forecast: 3.8%
SECURITIES:
Treasury Bills (T-Bills): Maturities available are 13 weeks, 26 weeks and 52 weeks
Treasury Bonds (T-Bonds): Maturities available are equal or greater than 2 years.
Secondary Market: Compared to the embryonic stage of development of CEMAC securities market, the secondary market is clearly inexistent.

Bond Market News Summaries

Nigeria: Lending Rate Rises On Cash Squeeze

Nigeria's overnight interbank lending rate climbed to 16 per cent on Friday from about 13 per cent the preceding Friday as the Central Bank of Nigeria (CBN) debited commercial banks' accounts for dollar purchases and also issued treasury bills to mop up liquidity.

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AfDB/AFMI Annual 5th Local Currency Bonds and Financial Sector Development Workshop

The African Financial Markets Initiative hosted the AfDB/AFMI Annual 5th Local Currency Bonds and Financial Sector Development Workshop on 15th and 16th of December 2016, in Abidjan, Ivory Coast.

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Politics Is Main Snag for First S. Africa Rate Cut Since '12

A stronger rand and falling inflation expectations may allow South African Reserve Bank Governor Lesetja Kganyago to start cutting interest rates this year as long as political developments don’t derail the currency’s gains.

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FANAF 2017 - Presentation of the ADBF fund by Cedric Mbeng

Video recording of the Presentation of the ADBF fund by the AFMI coordinator, Cédric Mbeng, at the 47th FANAF General Assembly in Marrakech.

Watch video