6, August 2025
US demands $15,000 deposit for visa applicants from two African countries 0
The US will require citizens from Malawi and Zambia to pay a $15,000 (£11,300) deposit for a tourist or business visa, according to the US state department.
The 12-month pilot programme aims to curb visa overstays “or where screening and vetting information is considered deficient”, according to a notice published by the state department.
Officials say that citizens of countries other than Malawi and Zambia may soon also need to pay a similar deposit, which will be returned at the end of their visit to the US.
The US administration has taken several steps to further President Donald Trump’s agenda of stemming illegal immigration.
Trump signed an executive order on the first day of his second term to this effect.
The state department notice, published on Tuesday, says: “Aliens applying for visas as temporary visitors for business or pleasure (B-1/B-2) and who are nationals of countries identified by the Department as having high visa overstay rates, where screening and vetting information is deemed deficient, or offering Citizenship by Investment, if the alien obtained citizenship with no residency requirement, may be subject to the pilot program.
“Consular officers may require covered non-immigrant visa applicants to post a bond of up to $15,000 as a condition of visa issuance, as determined by the consular officers.”
Figures published in 2023 by the US Department of Homeland Security show that about 14% of visitors from Malawi overstay their visas, compared to 11% of Zambian visitors.
Other countries with high overstay rates include Haiti (31%), Myanmar (27%) and Yemen (20%).
Zambia Foreign Minister Mulambo Haimbe told the BBC that the government was “engaging our counterparts to get a full understanding of the implications and what can be done, if anything, to address the underlying issues”.
Since coming to office in January, Trump has signed orders to roll back humanitarian programmes for migrants from certain countries who are already in the US.
The Republican president has also banned foreign nationals from 12 countries from travelling to the US, and imposed partial restrictions on another seven.
His administration has revoked visas for hundreds of international students and detained several others on college campuses across the US, often without any warning or recourse for appeals.
The state department has said it is targeting those who were involved in activities that “run counter” to US national interests.
Many of those targeted have participated in some form of pro-Palestinian activity.
But there have been other cases where cancellations appear to be connected to those with some sort of criminal record, or legal infractions like driving over the speed limit, immigration lawyers have said.
Source: BBC



















6, August 2025
Biya seeks alternative treasury funding amid surging T-Bill Costs 0
As of end-June 2025, Cameroon’s domestic public debt, excluding arrears, which are invoices pending payment for around three months, and floating debt, stood at CFA3,814.4 billion, representing 11.6% of GDP. The figure was disclosed by the Autonomous Sinking Fund (CAA) in its latest update on Cameroon’s public debt situation.
According to the CAA, 55% of this debt is made up of public securities issued by the government on the BEAC market. This market, operated by the central bank of the CEMAC region (Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the Central African Republic), has become one of the Cameroonian state’s main financing sources.
On this market, the Treasury issues two main types of instruments: Treasury bonds (OTA), with maturities between two and ten years, typically used to finance infrastructure projects; and Treasury bills (BTA), with maturities under one year, mostly used to manage temporary cash flow needs.
However, as revealed in the CAA’s latest report, “with regard to Treasury bills in particular, which have increased by 11.6% year-on-year as of end-June 2025, discussions are underway to mitigate the underlying refinancing risk, due to mounting pressure on the domestic market’s capacity.”
In other words, faced with rising BTA issuance costs on the BEAC market in recent years—and the increasing difficulty for CEMAC states to raise targeted amounts because of competition and prudential limits on banks serving as primary dealers (SVTs)—the Cameroonian government is actively considering other financing options.
“It is within this context that the Head of State signed a decree on May 19, 2025, authorizing the Minister of Finance to raise loans on international financial markets, up to a maximum of CFA200 billion, for the purpose of financing 2025 Treasury operations,” the CAA noted.
At the same time, the government is working to secure the full mobilization of the funds it seeks on the domestic market, despite saturation among local intermediaries—mainly the SVT banks. To that end, it has taken steps to attract new investors to the subregional public securities market.
In July 2025, Cameroon raised CFA200 billion on the BEAC market through a bond issuance supported by a swap arrangement that allowed Afreximbank to convert foreign currency into local currency. This made it possible for the bank to subscribe to the public offering.
Thanks to this deal with the Cameroonian government, the African Export-Import Bank (Afreximbank) became the first foreign investor to participate in the BEAC public securities market, which has been operational for nearly 14 years.
The transaction also comes ahead of a leadership change at Afreximbank. Starting in September 2025, Cameroonian legal expert George Elombi is set to take over as head of the pan-African institution.
Source: Business in Cameroon