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New World Bank Representative in Chad assumes office

A Turkish national, Rasit Pertev was previously Secretary of the International Fund for Agricultural Development (IFAD). He first joined the Bank in 2003 and has worked as a Senior Agricultural...
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BDEAC seals 29 billion FCFA finance deal with Chad

For the two projects, the banking institution has released an envelope of CFAF 29 billion. A total of 15 billion are intended for the Chadian health authorities in order to...
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Central African States promise to boost job creation in the sub-region

Regarding the improvement of external aid in this time of health crisis linked to the coronavirus pandemic (Covid-19), the ministers in charge of the Economy wished from the two institutions...
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World Bank ranks Chad 33rd in Africa assessment of policies and institutions

In the report, countries are rated on a scale of 1, corresponding to the lowest score, to 6, on 16 indicators grouped into four categories: economic management, structural policies, social...
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United Nations Economic Commission for Africa launches Price watch list for Africa

In the same vein, Cameroon’s Minister of Economy, Planning and Regional Development - Alamine Ousmane Mey - said “We need to strengthen the relationships between national information and statistics institutions...
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BEAC adopts eTransfer, a new application made available to banks in the CEMAC zone

This is a big step, given that "eTransfer makes it possible to ensure the traceability and availability of real-time monitoring information for banks, public treasuries as well as other economic...
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CEMAC member States pledge to create an early warning mechanism for macroeconomic imbalances

The Council of Economy and Finance Ministers of the CEMAC sub regions , that  met by videoconference on August 10, has  approved new measures to prevent the occurrence of risks...
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Congo-Cameroon Optic fibre inter-connection works launched

The second phase of the Central Africa Backbone (Cab-Congo) project, of approximately 347km of fiber, was officially launched on August 8 in Ntam, a border town, by the Congolese Minister...
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CEMAC in search of 2400 billion FCFA for sub regional integration

From twelve projects initially for an investment estimated at 2820 billion FCFA, the Steering Committee (Copil) of Pref-Cemac has revised its ambitions downwards, thus reducing the number of these projects...
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Chevron’s entry into Equatorial Guinea and Cameroon could be a Turning Point for Central Africa’s Gas Industry

Chevron is indeed a true gas player in the African market. In Nigeria, it has been leading natural gas commercialization efforts for decades through its Escravos projects targeting the monetization...
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Congo and IMF wrap up a deal for the transfer of funds

“The outcome of the discussions with the IMF is favorable to the disbursement of the second tranche of financing and perhaps the lifting of the others. hanging files. In fact,...
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2020 World Bank – IMF Annual meetings: African Caucus in concertation

For Alamine Ousmane Mey, President of the 2020 African Caucus of the World Bank Group and the IMF, “hosting the African Caucus meeting on Covid-19 confirms the commitment of African...
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Central African States to fine-tune second round of programs with the IMF

This draft emergency plan contains three categories of measures: the first is structurally linked to the economic and financial reforms underway. The second category concerns the production impetus that the...
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UEAC member states meet to roll back COVID 19 Economic shocks

Although one can not yet determine the duration of this health crisis, GDP in the CEMAC zone is expected to contract by around 4 to 6%. Such a development would...
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