(Business in Cameroon) - Foreign exchange reserves within the Economic Community of Central African States (Cemac) stood at CFA6,771.3 billion (€10.3 billion) as of January 31, 2023, the Beac revealed in its monetary policy report issued last month. Compared to the same period last year,...
Reserves of foreign exchange and gold: $3.235 billion (31 December 2017 est.)$2.26 billion (31 December 2016 est.) Definition: This entry gives the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country's balance...
The leaders will particularly discuss the region’s declining foreign exchange reserves, which are crucial for funding imports of goods and services. These reserves managed collectively and partly (50%) held in the French Treasury’s Operations Account, have dropped significantly. Currently, they can ...
Reserves of foreign exchange and gold: $964.8 million (2005 est.) Debt - external: $9.168 billion (2005 est.) Currency (code): Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States Currency code: XAF Exchange rates: Commu...
One area where oil reserves hold promise is the Bakassi Peninsula, a region also claimed by neighboring Nigeria in a dispute that has been referred to the International Court of Justice. A state-owned company, Sonara, refines 1.5 million metric tons of imported crude oil and exports 40 ...
However, the area has aroused considerable inte- rest from oil companies in the light of the discovery of rich reserves of high grade crude oil elsewhere in Nigeria. At least eight multinatio- nal oil companies have participated in the exploration of the peninsula and its offshore waters. In...
Cameroon is the twelfth-largest oil producer in Africa, with estimated reserves of roughly 200 million barrels in the offshore Rio del Ray Basin, the coastal Douala/Kribi-Camp Basin and the Logone Birni Basin in northern Cameroon. Despite this, Cameroon’s production has dropped from a 2005 ...
Reserves of foreign exchange & gold: $634 million (2004 est.) Debt - external: $7.236 billion (2004 est.) Economic aid - recipient: on 23 January 2001, the Paris Club agreed to reduce Cameroon's debt of $1.3 billion by $900 million; debt relief now totals $1.26 billion Curre...
Among several game reserves, Waza is considered one of the best in West Africa. During the dry season, many varieties of wild game are easily viewed as the animals congregate at the few remaining waterholes. Although a journey to the north is long and expensive and the climate hot and ...
For example, Mines, Indus- tries and Technological Development Minister, Emmanuel Bonde, present- ed the country's rich mining sector as ripe for investors to transform the reserves still buried in the soil into wealth for economic growth. Equally Cameroon, like the rest of Africa, was ...