Cameroon

Since May 2006, when the first company entered (Société des eaux minérales du Cameroun) the Douala Stock Exchange (DSX), Cameroon’s stock exchange, this financial market has had a total of only 500 billion FCFA in stock market capital, stated Finance Minister Alamine Ousmane Mey, during a presentation at Cameroon Business Forum (CBF) – an exchange platform between the government and private sector business entities. The Finance Minister also specified that DSX capital represents barely 3.25% of the country’s GDP against the banking sector’s 16%.

Fitch Ratings-Paris/London-06 June 2014: Fitch Ratings has affirmed Cameroon's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'. The Outlooks are Stable. The Short-term foreign currency IDR has been affirmed at 'B'. Fitch has also affirmed the Country Ceiling for Cameroon at 'BBB-', in line with the Country Ceiling for Communaute Economique et Monetaire d'Afrique Centrale (CEMAC) and for the Union Economique et Monetaire Ouest-Africaine (UEMOA) at 'BBB-'.

The AES Corporation announced that it has signed agreements to sell its electric generation and distribution businesses in Cameroon to Actis, a global pan-emerging market investor, for $220 million of net equity proceeds.

Cocoa purchases by local grinders in Cameroon slumped over 44 percent year-on-year to 2,562 tonnes in August, the first month of the 2013/14 harvest season in the world's fifth biggest grower, data from the sector regulator showed.