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Dieudonné Evou Mekou becomes the new President of the Development Bank of Central African States

The Conference of Heads of State of CEMAC has just published a decision appointing Cameroonian Dieudonné Evou Mekou as president of the Development Bank of Central Africa (Bdeac).

He was appointed to replace Fortunato Ofa Mbo Nchama of Equatorial Guinea, whose five-year term at the head of this institution expired on March 18, 2022.

As vice-governor of the BEAC, he was already credited with a relative mastery of the management of a sub-regional organization, and his proximity to the Cameroonian Head of State Paul Biya, whose nephew he is, gave him an additional advantage over the others.

He has held this position at BEAC since July 2017 and his term should logically end this year.

Dieudonné Evou Mekou, who is also the current Vice-Governor of the Bank of Central African States (BEAC), is therefore appointed by the Conference of Heads of State of CEMAC, on the proposal of the General Assembly, after the Board of Directors has given its assent by a majority vote.

In 2005, he was appointed General Manager of the Autonomous Amortization Fund (CAA), a position he held until 2016 before joining the Central Bank. Indeed, the former director of the Autonomous Amortization Fund (CAA) presented the best profile for this position, among the favorites who were jostling for the door.

The 61-year-old is a civil administrator by training, having graduated from the National School of Administration and Magistracy (ENAM) in 1987.

The public sector represents 60.1% of the portfolio, i.e. 202.044 billion FCFA for 11 operations, against 39.9% for the private sector, i.e. 134.199 billion FCFA for 31 operations. As of June 30, 2021, BDEAC's portfolio in Cameroon consisted of 42 operations, representing a total commitment volume of CFAF 336.243 billion.

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