Banque de Developpement des Etats de l'Afrique Centrale

(redirected from BDEAC)
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Banque de Developpement des Etats de l'Afrique Centrale

A bank that provides loans to support integration of member countries and to promote economic development. Members include Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. It was founded in 1975 and began operations in 1977. It is based in Brazzaville, Congo.
References in periodicals archive ?
The plan aims to position the BDEAC by 2025 as a key partner for regional integration and human development, together with playing an important role in the financing of integration projects and private investment in the CEMAC area.
The mission of BDEAC is to promote economic and social development in countries within the Economic Community of Central African States (CEMAC), including the financing of national development, and multinational and economic integration projects.
On Wednesday, a partnership convention between BDEAC and Fonds de Financement du Developpement Social (FOFIDES) was reached in Douala.
Other financial institutions that took part in the deal includes Afriland First Bank, United Bank for Africa Plc (UBA), BDEAC, BGFI, Orabank, Bank of Africa and Banque Nationale d Investissement.
Ecobank, the co-arrangers, BDEAC, Afriland First Bank and BGFI, and the participating banks, UBA, Orabank, BOA and BNI, are proud to be associated with IHS continued growth story and committed to supporting its future development, together with such respected shareholders as Wendel, ECP, IFC, FMO and Investec.
Ecobank, the co-arrangers; BDEAC, Afriland First Bank, BGFI and other participating banks- UBA, Orabank, BOA and BNI, are proud to be associated with IHS continued growth story and committed to supporting its future development, together with such respected shareholders as Wendel, ECP, IFC, FMO and Investec.
BDEAC (Central African State Development Bank), AfrilandFirst Bank and BGFI, the Franco-Gabonese bank acted as co-arrangers and UBA, Orabank, and Ecobank Group are the participating banks in the deal.
Welcoming the agreement, Mr Michael Adande, President of the Central African States Development Bank ( BDEAC ), said: "This project will have a real socio-economic impact through the creation of thousands of jobs, both in the investment phase and the operational phase, and, ultimately, an improvement in Gabon s trade balance and capital account, as well as increasing foreign reserves due to rising dollar-denominated exports of palm oil.