Banque de Developpement des Etats de l'Afrique Centrale

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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 ?
According to BDEAC governor, "the renovation will improve the reception capacity of the airport, especially for senior officials."
Selon Diane Malabo, responsable de la communication de la BDEAC, "Les negociations pour cet accord de pret sont tres avancees.
BDEAC, which brings together Equatorial Guinea, Cameroon, Gabon, Chad, Congo, and Central African Republic, aims to develop an new focus for the next five years, based on credible, plausible strategies, raising the perspective of some resources and a financial programme in line with the real capabilities of the bank to mobilise these resources.
In December 2016, the then president of the BDEAC; Abbas Mahamet Tolli, signed in Beijing, China, a convention including a line of credit for 40 million Euro with the vice.president of the CDB, Zhou Qingyu, for cooperation with SMEs in the private sector of Equatorial Guinea, Cameroon, Gabon,m Chad, Congo and Central African Republic.
In accordance with the principle of rotation within the six States making up the BDEAC: Equatorial Guinea, Cameroon, Gabon, Chad, and Central African Republic, the period for which Ofa Mbo Nchama will remain at the head will be five years, that is, until 2022.
The loan agreement has been signed by the BDEAC governor, Michael Adande, the managing director of the Chadian civil aviation authority (ADAC), Brahim Guihini Dadi, and the marketing manager for SGT.
As per the convention, BDEAC will spend FCFA 535 million to FOFIDES, microfinance institution, for beneficiaries from different sectors of the economy like agriculture, tourism, livestock, etc.
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.
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.
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.
"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," added Mr Michael Adande, President of the Central African States Development Bank ('BDEAC').