■■ Shareholders of the Central African States Development Bank (BDEAC) reaffirmed their support for the institution’s governance framework and financial soundness during an extraordinary general meeting held on Tuesday in Yaoundé, in a hybrid format.
Yaoundé, Afrique54.net | The meeting was chaired by Cameroon’s Minister of Finance, Louis Paul Motaze, who currently serves as Chairman of the Bank’s General Assembly. Shareholders welcomed the reforms implemented in recent years, including the adoption of International Financial Reporting Standards (IFRS), the modernization of management tools, and the strengthening of risk management mechanisms.
The assembly also expressed satisfaction following BDEAC’s first international credit rating, Ba3 with a stable outlook, assigned by Moody’s. The rating is seen as a key milestone in enhancing the Bank’s credibility and attractiveness to international investors.
Shareholders encouraged BDEAC to leverage this rating to diversify its funding sources by engaging more actively with international capital markets. The objective is to mobilize additional resources to finance strategic projects across member states and strengthen the Bank’s overall competitiveness.
The meeting also marked the end of Louis Paul Motaze’s annual term as Chairman of the General Assembly. In accordance with BDEAC’s statutes, the presidency will be assumed from January 2026 by the Minister of Finance and Budget of the Central African Republic, under the alphabetical rotation system among member states.
Through these decisions, BDEAC reaffirmed its modernization trajectory and its central role in financing economic and social development across the CEMAC region.
© Afrique54.net | Aglaé Esso
