Central African Stock Exchange: FCFA 3.5 Billion State Debts Strain Cash Flow

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Central African Stock Exchange: FCFA 3.5 Billion State Debts Strain Cash Flow

This was revealed during the institution’s 26th board of directors meeting in Douala, in which the board authorized the listing of RENAPROV Finance SA on its SME compartment.

04 Nov 2026 12:13

T he Douala-based Central African Stock Exchange (BVMAC) on October 26th 2026, convened its 26th ordinary board of directors meeting under the leadership of Board President Henri-Claude Oyima. While the exchange continues to champion regional eco nomic growth, the session exposed a critical contrast between its market expan sion goals and mounting fi nancial strains. At the centre of the board’s concerns are severe fiscal bottlenecks that threaten the exchange’s fi nancial equilibrium. Unpaid state arrears reached FCFA 3.5 billion by September 2026, severely damaging the regional stock exchange’s cash flow. Additionally, protracted delays surrounding the creation of the CEMAC Central Securities Depository have locked up approximately FCFA 2.08 billion in BVMAC capital since June 2025, generating a persistent monthly revenue shortfall of FCFA 10 million. In response to a provisional budget de ficit recorded by the end of September 2026, the board mandated urgent diplomatic engagement with community authorities alongside rigorous cost-control measures while continuing to drive regional market activity forward. Despite these financial head winds, the BVMAC is actively broadening institutional parti cipation and supporting small and medium-sized e...