The Chairman of the Board of Directors of the CCC, Jean Louis Osso, praised the results of the past financial year of this public company of an industrial and commercial nature. For him, by creating this structure in 2000, the Congolese Head of State "indeed had the vision of making it a true modern management...
The Covid-19 health crisis affects all levels of our society and has a strong impact on the most vulnerable. With the MTN Hope campaign, we are working together to bring more hope to the population by helping them face the socio-economic consequences of this pandemic. In the current circumstances, one million can change a life,...
The Congolese government intends to continue implementing the reforms initiated a few years ago, as part of the implementation of the agreement reached with the International Monetary Fund (IMF).
If the key articulations of this high level meeting remain unknown for the moment, the stake will be to take stock of the “historic” reform, adopted last December at an extraordinary summit organized in Libreville, which significantly modifies the institutional architecture of ECCAS.
After a balanced mandate the president of the think tank “Economic Convergence”, Amir Adoudou Artine outgoing president of the CCIAMA intends to run for a second mandate. With a view to correcting the shortcomings of the past, the elected consular officers gathered around the outgoing president exchanged at their headquarters in the Place de la...
According to this survey, which covers the period May / June 2020, this situation will lead to a decrease in the turnover of companies over the year, of the order of 81.7%. "In absolute value, the loss of annual turnover could reach 3 139 billion FCFA compared to 2019 for companies in the modern sector...
Faced with these fluctuations, the Congolese government decided in April to revise its budget forecasts by half, by putting in place mechanisms to restore budgetary balances. According to the Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya, these measures go in the direction of ensuring the sustainability of public revenues.
During this first part of 2020, "20.80 million barrels of crude oil passed through the Chad-Cameroon pipeline. During the same period last year, 19.86 million barrels were transported, " the statement from the CPSP read.
According to its President, the CNPT in no way supports the monopoly of companies, or even the pooling of interests to establish a dominant position. It is in this logic that the institution supports the spirit that led to the issuance of the decree suspending the importation of cigarettes, the objective of which is to...
Indeed, the implementation of this operation is linked to the agreements concluded with the International Monetary Fund (IMF). "To benefit from this operation, the central bank asks the States, in particular the Public Treasuries, to revise and respect their schedules of issuance of public securities, in consultation with the specialists in securities of the Treasury...
He joined Finnish power plant manufacturer Wärtsilä, which was setting up a subsidiary in central Africa, as area business controller. He realised, though, that to sit at the top table it was ‘essential’ to gain membership of a professional accountancy body. He chose ACCA. Soon after completing the qualification, he was promoted to regional business...
Since the end of 2019, "Cameroon has put in place a new mechanism for sustainable supply of the market in order to minimize costs and possible shortfalls that would continue to expose the cash flow of the State. It consists of selecting, by international call for tenders, four traders for a given period who are...
According to the member of the government, the consequences are alarming with 1000 direct jobs threatened; 150,000 lost customers; the three-quarter drop in operator turnover compared to 2019; several companies threatened with bankruptcy; and, the weakening of the livelihoods of workers and suppliers.
Thus, for ten days, agents and executives of the tax administration will discuss issues relating to the draft of the new general tax code and the book of procedures. Two firms were selected to carry out this work, namely GKM Audit and Ernst & Young. It will be a question of making available to taxpayers...
“Emphasis was placed on the issue of administrative revenue, but also on expenditure in the provinces. Regarding the collection of revenue by the ministries and entities in the provinces, they were asked to double their efforts and mobilize so that we can achieve our objectives ”, the Minister of Finance and Budget, Trahir Hamid Nguilin...
Due to underperformance in exports and imports, inflation is estimated at 2.8% this year, down from 1.8% a year earlier. The money supply in circulation will fall by 14.1% due to the sharp drop in its external counterpart, namely its net foreign assets. The currency coverage rate will decline by around 26%, but will still...
It is a system which allows "not only the taxpayer to fully control his taxpayer expenses without going to the competent administrations for follow-ups, but it also provides you with secure, automatic and authenticated statements of all tax and non-tax transactions. . This represents a considerable time saving while providing you with a module of...
According to forecasts from the African Development Bank, the health crisis linked to Covid-19 should lead to a slowdown in the process of diversification and industrialization, given the decline in public revenues and the containment measures linked to the effects of this pandemic. However, the economists of the Bad assure that "the strategy of diversification...
