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Economy

Government levies VAT on Social media platforms

To break it down, “when a company X based in Cameroon or under Cameroonian law buys advertising space from Google, once the invoice has been paid, Google is required to...
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Good governance: a pan-African rating agency to provide assistance to Congo

Welcoming Congo's initiative to re-enter the financial rating process with a pan-African agency, the CEO of Bloomfield said that "the rating made in local currency will determine the true credit...
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CIMAF inaugurates second cement plant in Gabon

With its new facilities worth CFAF 9 billion, the group aims to produce around one million tonnes per year. This, in a market whose local demand is 600,000 tons. Welcoming...
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Yaoundé – Abong-Mbang Electricity Line to be delivered in 15 months

“As the technical sheet indicates, 151 foundations have been completed out of the 667 planned and 66 pylons have already been erected out of 667. Concerning the Abong-Mbang substation, the...
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Informal sector in Congo: two hundred project promoters supported

For the resident representative of the UNDP in Congo, Maley Diop, it is “to operationalize the agreement that we signed with the Ministry of Small and Medium Enterprises, last July,...
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Gabon launches 5-year plan for grain production

"We are in the infrastructure phase since there are a number of tenders that are prepared by the project management unit, to build 772 km of agricultural tracks in the...
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Gabon’s Public debt rises by 4000 billion FCFA between 2009 – 2019

“The IMF gives money to the government and people often expect these funds to improve their living conditions. They are wrong because the IMF does not invest to improve living...
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Banking consortium raises 300 billion FCFA for Congolese enterprises

For Henri-Claude Oyima, this financing should "make it possible to settle part of Congo's internal debt". "It is not about funding that is given directly to the state, but funding...
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CPAC sets new guidelines for Pesticide regulation

Responding to questions regarding currently valid homologation products authorized by certain CEMAC countries, Jean Blaise Moudoudou indicated that the products must continue to circulate in the countries until the expiry...
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EOG loan 6.25% Net 2019-2024: Gabon pays 7.8 billion FCFA in interest

During the borrowing operation, for the value "EOG 6.25% NET 2019-2024", Gabon had mobilized an envelope of 126 billion francs in the last quarter of 2019, whereas it did not...
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Women entrepreneurship: Women created 3,572 businesses in Cameroon in 2019

“This dynamism is also to be put to the credit of GFAC which, through its actions of mobilization and awareness, dissemination of business culture among women, support for women entrepreneurs...
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Gabon: BGFIBank Europe rated AA + by Bloomfield Investment Corporation

These commercial actions are also supported by the strengthening of the risk management framework, through the development and regular updating of a risk appetite policy and risk mapping, which have...
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Chadian Custom beef up capacity on Insurance

Focused on customs clearance operations in goods transport insurance, the aim of this training was "to raise awareness and help operators in the culture and principle of international trade with...
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ARPCE and ARPTC strengthen cooperation on Electronic communication in Congo and the DRC

On this subject, the experts of the two countries meeting earlier before the signing of the memorandum of understanding presented the situation which boils down to several difficulties in the...
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