5, May 2026
BEAC says Cameroon is dominating Mobile Money in Central Africa 0
Cameroon remains the leading Mobile Money market in Central Africa, strengthening its position in 2024 even as competition across the region intensifies.
According to a report on payment services published by the Bank of Central African States (BEAC), the country accounted for 65.1% of all Mobile Money accounts in the CEMAC zone—Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the Central African Republic—up from 62.1% in 2023.
Cameroon also represented 57% of the total value of Mobile Money transactions in the region. However, this share declined from 63.58% a year earlier, pointing to faster growth in other markets.
As of December 31, 2024, more than 51.2 million Mobile Money accounts were recorded across CEMAC, a 28% increase year over year. Of these, 30.9 million were in Cameroon, up by more than 6 million accounts compared with 24.86 million in 2023.
The BEAC attributes this growth to the broader adoption of mobile banking applications. These tools now allow users to hold Mobile Money accounts alongside traditional bank accounts, expanding access to digital financial services.
Technological changes have also made it easier to open accounts. Payment accounts are no longer tied to a single telecom operator, meaning users can now open multiple Mobile Money accounts using the same phone number with different providers.
These shifts have driven both transaction volumes and values higher across the region.
In 2024, the number of Mobile Money transactions in CEMAC rose by 6.42% to reach 3.7 billion. The total value increased more sharply, climbing 20.33% to CFA34,778.5 billion.
Cameroon alone accounted for CFA26,773 billion of that total—nearly four times the combined value recorded in Congo and Gabon.
The central bank points to several factors behind this expansion, including promotional campaigns by payment providers, renewed activity from some operators, the growth of interoperability between financial institutions, the spread of small-value payments, and the rollout of new services such as microloans and international transfers.
Source: Business in Cameroon



















5, May 2026
Mali leader Assimi Goïta assumes role of defense minister 0
Mali leader, Assimi Goïta, will assume the additional role of defense minister, according to a decree read on state TV on Monday, following the death of the previous minister in large-scale attacks.
Mali’s army chief of staff, General Oumar Diarra, will serve as minister delegate for defense, said the report, which described the move as a “strategic decision coming in a security context that remains sensitive”.
The simultaneous attacks beginning on the morning of April 25 showed how fighters from different groups with different goals were able to strike at the heart of the West African country’s military government, which took power after coups in 2020 and 2021.
Sadio Camara, the former defence minister who was instrumental in forging stronger ties with Russia, was killed when a car laden with explosives driven by a suicide attacker drove into his residence, the government has previously said.
The attacks set off fighting across Mali’s vast desert north, raising the prospect of significant gains by armed groups that have shown an increasing willingness to strike neighbouring countries and, analysts say, could eventually set their sights further afield.
Source: AFP