“The IMF gives money to the government and people often expect these funds to improve their living conditions. They are wrong because the IMF does not invest to improve living conditions. When the state's accounts are in the red, the IMF finances its overdraft to bring the level down to zero in the hope that...
For Henri-Claude Oyima, this financing should "make it possible to settle part of Congo's internal debt". "It is not about funding that is given directly to the state, but funding to support businesses and help revive the country's economy," he said. Note that apart from BGFI, this group of banks also includes Ecobank, LCB (La...
Responding to questions regarding currently valid homologation products authorized by certain CEMAC countries, Jean Blaise Moudoudou indicated that the products must continue to circulate in the countries until the expiry date of their authorization. Other questions included the difference between a chemical pesticide and a biological pesticide as well as the waste disposal of obsolete...
During the borrowing operation, for the value "EOG 6.25% NET 2019-2024", Gabon had mobilized an envelope of 126 billion francs in the last quarter of 2019, whereas it did not initially request than 100 billion francs. The amount sought by the Gabonese government has been increased with the authorization of the financial market regulator, after...
“This dynamism is also to be put to the credit of GFAC which, through its actions of mobilization and awareness, dissemination of business culture among women, support for women entrepreneurs contributes to the implementation government options, under the leadership of Prime Minister Chief Dr Dion Ngute, in execution of the Head of State's high instructions,...
These commercial actions are also supported by the strengthening of the risk management framework, through the development and regular updating of a risk appetite policy and risk mapping, which have made it possible to reduce the risk. cost of risk from 5.5 million euros in 2015 to 0.87 million euros in 2019, i.e. 1.1% of...
Focused on customs clearance operations in goods transport insurance, the aim of this training was "to raise awareness and help operators in the culture and principle of international trade with less risk". In turn, it aims to familiarize customs officials with these concepts, because it is they who will be in phase to ensure the...
On this subject, the experts of the two countries meeting earlier before the signing of the memorandum of understanding presented the situation which boils down to several difficulties in the operation of a few bands and the disturbances noted on the frequencies. To dig deeper into this issue, the two parties will organize in Brazzaville,...
Among these are “the Debt Recovery Fund, Assinco SA, Bati Sarl, the Professional Insurance Company of Cameroon, but also Commercial Bank of Cameroon, Banque Atlantique du Cameroun, Financia Capital, Union Bank of Cameroon , and finally, City Bank Cameroon and Societe Generale Cameroon ”, we learned.
"I am all the more satisfied to pass the baton on to a person from our obedience who served for five years together and who more or less would better understand the issues, the burdens and the multiple challenges and difficulties facing the chamber office. will face it ”underlined the outgoing president, Amir Adoudou Artine.
This decree marks the entry into force of the Gabonese Conformity Assessment Program (Progec) in its second phase and is materialized by the imposition of a certificate of conformity issued by Aganor. Noting that Progec entered into force for the first time in 2015, Abdu Razzaq Guy Kambogo stressed that this program does not exist...
Financially and despite the flood "the situation is rather acceptable but we ask that the services catch up and work better so that the month of September and the months to come are efficient", declared the Minister of Finance and Budget, Tahir Hamid Nguilin.
“It is utter desolation. Since June 2019, a unilateral reduction in commissions relating to transactions via MTN mobile money has been observed. Commissions increased from 1 to 0.7% for deposits, i.e. 70 FCFA for a deposit of 10,000 FCFA and from 0.7 to 0.5% six months later, or 50 FCFA for a deposit of 10,000...
"It is a great pride for me to join the teams of the Benin / Niger cluster of Bolloré Transport & Logistics. The employees are passionate and the challenges for our company are great. Together, we will continue to develop activities, offer our customers competitive solutions and participate in the socio-economic growth of these two...
It is expected to reach 7.2 million tonnes in 2020, down 1.8% from 2019. This contraction is explained by the effects of Covid-19, characterized by a slowdown in global demand. The 2020 production targets have therefore been revised downwards, despite the increase in national production capacities.
During the ceremony, the National Cocoa and Coffee Office (ONCC) revealed that the national marketed production of the 2019-2020 season has fallen by 14,633 tonnes compared to the previous season. “We have therefore gone from 264,253 tonnes in 2018-2019 to 257,151 tonnes in 2019-2020. The main actors attributing this poor performance to the security crisis...
The program will call on a South-South partnership already in place with West African countries (Benin, Ivory Coast), major producers and consumers of cassava products. Established for two years, this program aims in the long term to diversify sources of income in rural areas and to bring new local cassava-based products to the market.
"Since the banks are at the heart of the Fund's Guarantee implementation mechanism, bilateral meetings have taken place in particular with the BSIC, BCC, UBA, CBT, ECOBANK, ORABANK in order to develop synergies to boost the financing of projects productive investments." Alixe Naimbaye, Secretary of State for Finance and Budget and Head of FAGACE said.
