As for the external debt, its settlement amounted to 635 billion CFA francs, an increase of 138.5%, and concerned international financial markets, multilateral, commercial and bilateral debt. The Sector Conjuncture Note explains that this regulation "includes the payment of arrears to the tune of 20.08 billion CFA francs, including 14.35 billion CFA francs from multilaterals...
“The electronic invoicing system is very important for accounting, traceability and value added tax. It will be beneficial for the tax administration as well as for the taxpayers as well as the consumers ”, explained the expert consultant to Incodev, Emmy Mbera, continuing that instead of using the paper biller, the large taxpayers, actors of...
Phase II of PADFA could make it possible to increase rice production to 750,000 tonnes in 2020 against 163,000 tonnes in 2013 before the launch of the project, while onion production should cross the 200,000 tonnes mark against 140 000 tonnes during the period under review.
Regarding transactions, on behalf of national treasuries and public accountants, as well as sub-participants in payment systems and means holding accounts in the books of the Central Bank, the commission rate to be charged is set at 0.25% excluding tax of the amount. In addition, the various commission rates do not include the central bank's...
According to operators in the sector, at the end of June 2020, the total commissions paid to intermediaries fell by 35% to 5.2 billion FCFA under the effect of the contraction in the volume of new contracts. At the same time, commissions paid on behalf of Non-Life and Life activities decreased by 39% to 3.8...
The 2020 edition takes place in a context characterized by the dynamic interrelation between the development of financial technologies, which is a factor of growth, and the establishment of an economic recovery strategy imposed by the financial crises.
Tony Elumelu is the founder and Chairman of the Board of Directors of Heirs Holdings, his family-owned investment company, which is committed to improving lives and transforming Africa, through long-term investments in strategic sectors of the African economy, including financial services, hospitality, energy and health care. Mr. Elumelu is the Chairman of the Board of...
"The accession of the Congo to this post is a recognition by the international community of the efforts made by this country, in terms of reforms aimed at simplifying and harmonizing customs clearance procedures," said the Director General of customs of the Congo.
Chad's 2017-2021 National Development Plan, which was strongly supported by donors when it was presented to the Paris Round Table in 2017, did not receive the expected results, due to the low mobilization of resources, President Déby noted. Also, he adds that, to support the government in its efforts to promote its sustainable development, keeping...
“The government will follow the construction of this road step by step. We also asked the operator to involve small and medium-sized businesses. This is a vast program that will require the support of these companies, which are the flagship of an economy. Involving them in a context of a health crisis will boost our...
"Companies that already had a CSR policy in their governance had strategies that enabled them not to weaken their finances, their employees, and the environment in which their activities are carried out. On the other hand, companies that did not have a CSR policy were surprised by this crisis and found themselves in situations which...
"The first axis from this point of view was compliance with barrier measures as part of the implementation of a health protocol within the Ministry of Tourism," said Pascal Houangni Ambourouet. The second axis, he continued, concerns the establishment of a "change management plan". It should allow the ministry to have regulatory provisions to effectively...
About fifty participants took part in this session, including project coordinators, procurement officers, financial management and disbursement officers, monitoring and evaluation officers of project implementation units as well as senior officials of Cameroon's Ministry of the Economy, Planning and Regional Development and government agencies involved in the implementation of portfolio operations.
With a term of one year renewable by tacit agreement, the agreement aims to ensure the monitoring of electronic transactions carried out in the Republic of Congo by transfer, direct debit or remote payment. It defines, in fact, the conditions for hosting and managing the Digital Hub equipment installed within credit institutions.
Seven winners were thus selected by a panel of experts and were able to benefit from a total budget of 38 million CFA francs. This amount, without interest and without guarantee, is made available to entrepreneurs through the partnership with the Initiative France platform to help business creators. The funding must be repaid within five...
Jules Doret Ndongo told the Cameroon Radio Television CRTV the move will also create jobs and empowers actors in the sector by diversifying its scope. "The joint decision is in line with the need to harmonize sectorial policies and to make the forestry sector a pillar of economic development. The sector is lagging behind and...
Cameroon became the fourth West African LNG exporter in May 2018. It exported 0.7 Bcm of gas equivalent in the first five months of 2020, up from 0.6 Bcm in the same period last year, official reports show.
For his part, the chief of staff of the minister responsible for the budget, Sylvain Lekaka, reminded the new director of Cogelo of the missions incumbent on him. “You’re going to take charge of a house with a lot of problems. The State as a shareholder will accompany you as far as possible only if...
