27, October 2023
Biya regime raises CFA50bn on the Beac market with higher rates 0
Cameroon’s Treasury raised a total of CFA49.8 billion on the Beac public securities market during the week of October 16 to 20, 2023, we learned. According to the operations report published by the central bank, these funds were raised through issues of 26-week fungible Treasury bills (BTA) (CFA39.8 billion raised out of CFA40 billion sought) and 52-week bills (the 10 billion sought were oversubscribed).
The weighted average interest rates for these transactions were 5.59% for 26-week BTAs and 5.85% for 52-week securities, for an overall average of 5.7%, well above the usual 3%. This rate is even slightly higher than the 5.67% average offered by the Cameroon Treasury on this market in September2023 but remains below the general market average, estimated at 6.29% that month.
Investor interest in Cameroonian bonds, which picked up again in September, continued in October, after the lack of interest seen at the start of the year. According to central bank data, the subscription rate for the 26-week BTAs was 99.80%, while 52-week securities were 140% oversubscribed. By way of comparison, the average subscription rates for this category of securities in Cameroon were 46.7% and 68.8% in June and August 2023 respectively.
Source: Business in Cameroon



















30, October 2023
Corrupt Boxing: Tyson Fury knocked down but beats Francis Ngannou 0
WBC heavyweight world champion Tyson Fury beat former UFC fighter Francis Ngannou on a split decision in a non-title fight in Saudi Arabia.
WBC heavyweight world champion Tyson Fury beat former UFC fighter Francis Ngannou on a split decision in a non-title fight in Saudi Arabia on Sunday that almost delivered one of boxing’s biggest upsets.
Fury, unbeaten holder of one of the sport’s most prestigious belts, narrowly avoided a first defeat at the hands of a 37-year-old opponent who had never boxed professionally before but went through the full 10 rounds with some swagger.
Ngannou dropped the Briton to the canvas in round three with a left hook and although the 35-year-old self-styled “Gypsy King” was able to see out the round he had no doubts about what he was up against.
“That definitely wasn’t in the script,” said Fury after two of the judges gave him the win 96-93 and 95-94. The third judge scored it 95-94 in favour of his Cameroon-French opponent.
“He’s a hell of a fighter and a hell of a lot better boxer than we thought he would be. He’s an awkward man and a good puncher and I respect him a lot.
“He’s given me one of my toughest fights of the last 10 years.”
Fury said there was no rematch clause but he would like to fight Ngannou again “down the line” and after an undisputed title fight with Ukraine’s IBF, IBO, WBO and WBA champion Oleksandr Usyk.
The pair are set to meet in Riyadh at a date yet to be announced officially but that both champions said will be Dec. 23.
Usyk, who was in Saudi Arabia to watch his future opponent, said he was ready.
Ngannou vacated his heavyweight belt after a contract dispute with UFC and exited as a free agent in January.
“My training camp was only three and a half months and I came into this with an injury. But I don’t want to give excuses. I will look at what I can do next to improve my game to come back even better,” he said.
“Now I know I can do this…, get ready. The wolf is in the house.”
Source: Hindustan Times