One of the AfDB's flagship publications, this report provides an overview of the economies of Central Africa through a regional approach to development. The theme of the third and new edition is: "Human capital, employment and skills development in Central Africa".
On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states. The disbursement validated during the Board of Directors meeting on July 10, by videoconference, will make it possible to finance "13 major projects initiated by the countries concerned in the sectors of health, water...
The budgetary envelope will also be used by government to strengthening the governance of artisan production units and the system for verifying and checking standards on imported and local products, the pursuit of the development of priority tourist sites (launch of the Mingoa Valley in Yaoundé, etc.), the establishment of the agro-industrial technopole of Ouassa-Baboute...
On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states, reveals Financial Afrik. The disbursement validated during the Board of Directors meeting on July 10, by videoconference, will make it possible to finance "13 major projects initiated by the countries concerned in the sectors...
GIMAC is announcing the commercialization of integral electronic payment services at the end of the pilot phase in which the CBC, BGFIBank Gabon, BICEC, UBA, MTN Cameroon, ORANGE Cameroon, CCEI Bank, NFC Bank and BSCA participated Bank, CCA BANK, Express Union, TERRAPAY, MAVIANCE, and during which more than one hundred thousand mobile transactions were successfully...
Indeed, the balance sheet for the financial year 2019 shows a net profit up 32%, or more than 15 billion FCFA against 11 billion FCFA in 2018. Better still, the total balance sheet stands at 459.8 billion FCFA, compared to 428.6 billion the previous year. "The general shareholders' meeting was pleased with the growing solidarity...
t is the Ogooué Mining Company (Comilog), which achieved a turnover of 741 billion FCFA in 2018. The company led by Léod-Paul Batolo jumped nine places compared to to 2019, where she was ranked 118th. Second company in this ranking, Total Gabon, which appears in 156th place, with a turnover of 545 billion CFA francs...
The government and local banks have agreed on loan mechanisms for young Chadian entrepreneurs. "Young project leaders will now be able to benefit from more flexibility and access to finance from our banks," Bichara Brahim Kossi, President of the Association of Professionals of Credit Institutions (APEC) in Chad said.
Hanan Morsy, Director of the AfDB's Macroeconomic Policy, Forecasting and Research Department, says the Africa Economic Outlook 2020 Supplement shows that for the first time in half a century, Africa will face a recession economic due to the fallout from the Covid-19 pandemic. This would affect progress made in poverty reduction as 49 million Africans...
“We applaud the BEAC for listening to the private sector concerns and for adopting a pragmatic approach to foreign currency regulations in the wake of the ongoing crisis caused by the Covid-19 pandemic and the historic crash in oil prices. Such a move falls in line with the African Energy Chamber’s commonsense agenda to help...
About his career, Jules Ngankam has "more than 15 years of experience in the field of banking and financial services within leading financial institutions", writes our colleague. Before joining the group, “he worked for eight years at Barclays Capital, the investment bank of the Barclays PLC Group, where he held various positions as portfolio manager...
The members of the Board of Directors also discussed the financial situation of the bank in the context of a health crisis due to the coronavirus. "The BDEAC is doing well," assured Fortunato Mbo Nchama. The bank's key indicators are on the rise, with a profit of 15.2 billion FCFA in 2019, against 11.5 billion...
The commissioning of strategic positioning studies for these sectors follows a goal: to give companies the keys to understanding and mastering the opportunities offered by this space. "This will allow us to better focus on the solutions to offer businesses," says Chantal Elombat Mbede, Director of BMN.
"A sharp drop, especially since the previous quarter, exports had increased by 2.1%, oil has contributed more than 88.3% to the overall evolution, while the contribution of agricultural products was 0.2%. The deterioration in the terms of trade of which the Central Bank is the consequence of a general fall in the prices of energy...
"The purpose of my visit was to come and present to the Prime Minister the policy for promoting the coffee produced by Caistab. The various sales made in several supermarkets attest to the fact that this product, which also faces competition, is not yet anchored in the habits of national consumers. We are still in...
The second agreement concerns the Global Environment Facility (GEF). It is valued at 5.3 million US dollars or about 4 billion CFA francs. It supports the Reinforcement of Resilience to Food and Nutrition Insecurity in the Sahel (P2RS) Project, which is currently underway. P2RS covers all the member countries of CILSS. It will contribute to...
Estimated in millions of US dollars, the contribution of the Gabonese diaspora is again the least important on the continent, arriving three places before the last (Sao Tome and Principe, Seychelles and Angola). It does not reach 5,000 dollars, or nearly 2.9 million CFA francs.
At the end of these years in Chad, he will return in 2011 to his native Cameroon where, after a brief stop at the CBC Human Resource Department he will computerize the management of personnel files. At the end of which he will be transferred as Deputy Director in charge of SME / SMI of...
