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“CEEAC did not realize its main objective” – Alain-Claude Bilie-By-Nze

July 18, 2020By
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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Gabon gains 12 places in E-Government ranking

July 17, 2020By
According to the data compiled from this United Nations survey on e-government, Gabon is one of the sixteen countries that joined the high EGDI group in 2020, with 0.3235 points...
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Chad expecting 68 million USD from IMF to mitigate budgetary constraints

July 16, 2020By
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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AfDB releases Central African Economic Outlook Report today

July 16, 2020By
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...
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BDEAC allocates 155 billion FCFA to Chad, Congo, Cameroon and Gabon

July 15, 2020By
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...
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Chad’s Finance Minister lauds satisfactory execution of the Budget

July 15, 2020By
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...
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GIMACPAY, the converged card, mobile and transfer ecosystem now a reality

July 14, 2020By
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...
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Two new shareholders join the capital of BDEAC as Dondra heads institution’s Governing Body

July 14, 2020By
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...
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COMILOG, first company in Gabon for 2020

July 14, 2020By
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,...
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Covid-19: Africa’s economic growth estimated at 3% in 2021

July 13, 2020By
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...
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African Energy Chamber Salutes BEAC’s Authorization to Open Foreign Currency-labelled Escrow Accounts

July 13, 2020By
“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...
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Jules Ngankam named Head of African Guarantee Fund

July 12, 2020By
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...
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BMN showcases promising opportunities in Cameroon’s Beverage, Meat and Fish sectors

July 11, 2020By
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...
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Chad seals two financial deals for Development

July 11, 2020By
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...
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