Cameroon is facing challenges in attracting investors to its public securities market, as evidenced by a declining participation rate from Treasury Bill Specialists (SVT). In July 2026, SVT participation fell to 18.98%, the lowest since 2023 and below the CEMAC average of 20.1%. Despite having the largest network of accredited SVTs at 22, Cameroon's attractiveness ranks second to last in the region, surpassing only Gabon. Lower interest rates offered on Treasury Bills – 6.97% in Cameroon versus 7.87% in Equatorial Guinea and 7.24% in Congo – contribute to this reduced appeal. This downturn reflects a broader cooling of the CEMAC public securities market, with the average participation rate decreasing from 26.3% to 20.1%. The Bank of Central African States (BEAC) has not commented on the decline, but the discrepancy in interest rates suggests a key factor.