BVMAC: States owe 3.5 billion CFA francs to a stock exchange facing cash-flow pressures

CEMAC states owed 3.5 billion CFA francs to the Central African Securities Exchange (BVMAC) as of September 30, 2026, according to figures released after its board meeting in Douala on October 26. The arrears, nearly 3.8 times the exchange’s 2025 revenue, are straining its cash flow, and BVMAC is seeking intervention from regional institutions to secure payment. The claims include listing fees and capitalization commissions billed to sovereign issuers, separate from interest and principal repayments owed to investors. Cameroon announced a plan in April 2024 to settle 2.290 billion CFA francs, but the 2024 annual report said the schedule had not been honored.
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