CDEC targets CFAF 525 billion in resources by 2028 and plans tougher collections from 2027

Author: Investir au Cameroun PublicationPublished on: November 2, 2026Country: Cameroon

Business & Economy

CDEC targets CFAF 525 billion in resources by 2028 and plans tougher collections from 2027

Cameroon’s Deposits and Consignments Fund (CDEC) plans to step up collection from 2027 of funds that financial institutions and other organizations are required to transfer to it. Announced in Yaoundé on October 30, 2026, the strategy includes more desk-based and on-site audits, as well as legal proceedings when amicable efforts fail. Yvan Serge Ottou Owona, the CDEC’s director of general affairs, said mobilizing funds would be the priority in 2027. The fund targets resources of CFAF 150 billion by the end of 2026, CFAF 262.5 billion by the end of 2027 and CFAF 525 billion by the end of 2028.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Climate in Africa: Four Countries, Including Benin and Côte d’Ivoire, to Receive $690 Million in Funding

Environment & ClimateBusiness & EconomyAfrica

Gildas Amoussou•13m ago

Climate in Africa: Four Countries, Including Benin and Côte d’Ivoire, to Receive $690 Million in Funding

The Africa Finance Corporation and the Green Climate Fund launched a $690 million programme on October 30, 2026, at a signing ceremony in South Korea to strengthen climate resilience in Africa. Its first phase covers Angola, Benin, Côte d’Ivoire and Nigeria, supporting projects in clean energy, health, food and water security, and resilient infrastructure. The programme aims to benefit 5.2 million people and is expected to avoid or reduce 5.78 million tonnes of CO₂ equivalent. The GCF is contributing $280 million, alongside substantial co-financing and a parallel trade facility of up to $260 million over a maximum of ten years.

2027 Finance Bill Deemed Admissible by the National Assembly

PoliticsBusiness & EconomyDemocratic Republic of the Congo

radiookapi.net•1h ago

2027 Finance Bill Deemed Admissible by the National Assembly

The Democratic Republic of the Congo’s National Assembly deemed the 2027 finance bill admissible on October 30. Presented by Prime Minister Judith Suminwa after two days of debate, the proposed budget totals 56.93 trillion Congolese francs, or about $24.8 billion, nearly 12% above the 2026 supplementary budget. It prioritizes security, infrastructure, agriculture, employment and basic social services, while lawmakers raised concerns about resource allocation, transparency and delivery of announced projects. The bill has been referred to the Assembly’s economic, financial and budget oversight committee for further examination.

United States: South Africa and Rwanda excluded from AGOA

Business & EconomyWorld / InternationalSouth Africa

AfricaNews•1h ago

United States: South Africa and Rwanda excluded from AGOA

U.S. Trade Representative Jamieson Greer announced that South Africa and Rwanda would be excluded from AGOA starting January 1. Washington cited practices deemed incompatible with the agreement’s eligibility criteria, including barriers to U.S. trade and investment and threats to U.S. national security and foreign policy interests. AGOA gives eligible sub-Saharan African countries preferential access to the U.S. market and has been extended through the end of 2028, subject to annual review. South Africa, the program’s largest beneficiary, faces mounting criticism from Washington, including claims of discrimination against white Afrikaners that Pretoria rejects.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox