Afriland Bourse & Investment CEO warns of overreliance on state bond debt in CEMAC markets

In an interview with Business in Cameroon, the CEO of Afriland Bourse & Investment expressed concern over the CEMAC states’ increasing dependence on bond debt on CEMAC capital markets, surpassing 50% of bank deposits as of December 31, 2023. He argued that such practices monopolize financing to the detriment of other economic actors, counteracting the region’s economic growth. Business in Cameroon: During your presentation of Cameroon’s financing plan for 2024, you noted that the CEMAC states are consuming a significant portion of the market’s savings, leaving a smaller share for other parties. Could you expand on this point? Pierre Kammogne:…