Bank of Central African States: New management takes command ⁰

A new management team has taken over the administration of the Bank of Central African States, BEAC. Abbas Mahamat Tolli from Chad and Dieudonné Evou Mekou from Cameroon who were appointed at the 27th Special Session of Heads State of the Economic Community of Central African States (CEMAC) in Malabo late last year assumed duty in Yaoundé on Monday.

Other officials of the Mahamat Tolli-led management include the secretary general Désiré Guedon from Gabon, the Director General of Operations Cedric Ondaye Ebauh from the Republic of Congo and the Director General of general control Bienvenu Marius Roosevelt Feimonanzoui from the Central African Republic.

Meanwhile, the former governor of the bank, Lucas Abaga Nchama from Equatorial Guinea who managed the financial institution since February 2010 left Cameroon on Tuesday. During a farewell ceremony at the Star Building, the Prime Minister and head of government, Philemon Yang knighted the former governor with the medal of Commander of the Cameroon National Order of Valour on behalf of President Paul Biya.

 “Beyond managing the central bank, I learnt a lot in Cameroon” Lucas Abaga Nchama told the press shortly before leaving Yaoundé. “Cameroon is a country that ensures leadership in economics and other domains in the sub region.”

BEAC serves as the central bank of Cameroon, Central African Republic, Congo Brazzaville, Gabon and Equatorial Guinea. “The bank is doing well considering the current economic trend. If appropriate measures were not taken, it would have had an impact on the stability of the currency,” Lucas Abaga Nchama said.

Cameroun Info.Net