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La Rédaction

Hydrocarbons: rebound in oil prices restores Congo’s budget balance

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...
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OPEC restrictions on Gabon may cause constraints on the country’s economy

Finally, the sudden adjustment imposed by OPEC compromises Gabon’s economic diversification efforts, even though we can see how dependence on hydrocarbons is a dangerous trap. The country is resolutely committed...
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BEAC injects 600 billion FCFA into financial market

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...
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Covid 19 threatens 1000 jobs in Gabon’s tourism sector

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...
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Congo sets ground work to upgrade Tax code

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...
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Congolese bank assets up 6.3%

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...
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AfDB predicts gloomy economic outcome for Gabon

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...
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Elimination of roaming charges planned from January 2021 in the CEMAC sub region

To give a boost to the integration process, CEMAC also intends to rely on telecommunications. “It would be wise for CEMAC member states not to miss the deadline of January...
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Two hundred persons benefit from Congo’s support to relaunch their activities

These micro-subsidies aim, in fact, to strengthen the capacities of small players in the informal sector, more particularly those operating in sectors of economic activities declared non-essential having been stopped...
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“CEEAC did not realize its main objective” – Alain-Claude Bilie-By-Nze

According to Alain-Claude Bilie-By-Nze, the areas of competence will be better defined, human resources better identified and financial resources better secured. “The Commission will also have the mission of representing...
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Congolese authorities to deepen youth development through Digital technology

AfDB Interim Director General for Central Africa, Solomane Koné, Findings of 2020 Report Provide Policymakers with Economic Review, State of Human Capital and Jobs , as well as the opportunities...
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Chad: Consultation on freight transport insurance

In his presentation, expert Ngonodji Kordjé noted that the risks associated with the various auxiliary operations cause the public treasury and even insurers to lose a lot of financial resources.
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Stakeholders in Congo’s Postal sector called to respect engagements

"Each operator must pay the fees and provide the service at a reasonable price because the population must benefit from quality service at an acceptable price. Postal operators have received...
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Chad expecting 68 million USD from IMF to mitigate budgetary constraints

The planned disbursement is the second of its kind under the Rapid Credit Facility (FCR). It is the result of lengthy talks between IMF staff and the Chadian authorities, aimed...
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