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April 26, 2020

Banks in the CEMAC sub region snub BEAC liquidity offer

The liquidity made available by the Central Bank does not attract the bankers of CEMAC, credited with about 2000 billion FCFA of free reserves, according to the IMF. But beyond...
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IMF approves 22 billion FCFA for the Central African Republic

“I came to congratulate the Minister of Finance for the approval by the board of directors of the International Monetary Fund (IMF) of the Rapid Credit Facility program which includes...
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Cameroon turns to IMF to fund covid-19 response as country registers increasing cases

The Board of Directors of the International Monetary Fund will rule on Cameroon’s request for financial assistance on April 28, 2020. The Central African country has been hit hard by...
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Chad declares Health State of Emergency to contain coronavirus spread

The Chadian Head of State, Idriss Deby Itno, has instituted by decree a State of Health Emergency of 21 days over the whole of the national territory, from this April...
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Chadian government unveils Economic stimulus plan to assist businesses during covid-19 State of Emergency

Finance and Budget Minister Hamid Tahir Nguilin hosted a press conference this Saturday. He clarified the message to the nation from the President of the Republic, Idriss Deby Itno, and...
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The moratorium on maturing bank loans outlined for Gabonese companies

The terms of the moratorium on maturities of corporate bank loans were detailed by the Ministry of Economy and Finance on April 22. Aimed at companies of all sizes, this...
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SETRAG continues freight operations despite Coronavirus threat

Contrary to rumors circulating recently on social networks, the Transgabonais Operating Company (SETRAG) specifies that if it has stopped the transport of passengers in accordance with the measures decreed by...
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Cameroon to resist Covid-19 induced economic shocks despite recording the highest infection rate in the CEMAC zone

Cameroon is the most affected country in the CEMAC sub region by the covid-19 with over 1,500 cases so far,. However, it will be the least impacted macroeconomically.  Solomane Konén,...
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