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Economy

Financial authorities: Gabon administration and the unions are playing their game on bonuses

The different parties had already agreed, concerning the first point, on the payment of this bonus on the basis of the hierarchy of personnel. Starting with the most fragile categories,...
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ILO and the SME Promotion to boost Entrepreneurship in Cameroon

On the contours of this new partnership, Jean Marie Louis Bagda told the reporter of the state daily Cameroon Tribune published on September 30, 2020 that: "'' Start and improve...
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Gabon’s Oil and Gaz unveils post COVID 19 revival plan

"We took this opportunity to talk about the enthusiasm of operators in the sector before the declaration of the Covid-19 pandemic. Indeed, the adoption of the new Petroleum Code aroused...
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Congo and CAR chat path for urbanization and housing

The first challenge is to harmonize the text taking into account the realities of each of the two countries. It is clear that states do not have the same problems...
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BEAC tightens conditions for transfers outside CEMAC

In addition, the BEAC specifies, the commission rate to be charged by the Central Bank during transfers outside CEMAC on behalf of national treasuries and accountants, as well as all...
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Cameroon seeks loan to strengthen security in the CEMAC zone

Commerzbank, which finances more than 30% of Germany’s foreign trade, is the second largest listed German banking group by capitalization behind Deutsche Bank.
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Gabon’s Public debt settled in the first half of 2020 stands at CFAF 832.3 billion

As for the external debt, its settlement amounted to 635 billion CFA francs, an increase of 138.5%, and concerned international financial markets, multilateral, commercial and bilateral debt. The Sector Conjuncture...
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Congo unveils reformed tax system

“The electronic invoicing system is very important for accounting, traceability and value added tax. It will be beneficial for the tax administration as well as for the taxpayers as well...
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Gabon: CFAF 2,688.9 billion in total balance sheet for banks

According to figures from the Directorate-General for the Economy and Fiscal Policy collected from the Association of Professionals of Credit Institutions (Apec), the rate of coverage of loans by deposits...
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IFAD signs 33 billion FCFA deal for rice and onions development in Cameroon

Phase II of PADFA could make it possible to increase rice production to 750,000 tonnes in 2020 against 163,000 tonnes in 2013 before the launch of the project, while onion...
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BEAC imposes a new tax on transfers of funds abroad

Regarding transactions, on behalf of national treasuries and public accountants, as well as sub-participants in payment systems and means holding accounts in the books of the Central Bank, the commission...
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COVID 19 hits Gabon’s Insurance sector

According to operators in the sector, at the end of June 2020, the total commissions paid to intermediaries fell by 35% to 5.2 billion FCFA under the effect of the...
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The rise of digital finance in Congo at the heart of “Brazza Fintech tour 2020”

The 2020 edition takes place in a context characterized by the dynamic interrelation between the development of financial technologies, which is a factor of growth, and the establishment of an...
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UBA Group Chief named among Africa’s leading investors

Tony Elumelu is the founder and Chairman of the Board of Directors of Heirs Holdings, his family-owned investment company, which is committed to improving lives and transforming Africa, through long-term...
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