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Economy

Congo’s Business mediation center goes operational

The training of arbitrators and mediators launched by Prosper Bizitou, general administrator of Cemaco, made it possible to strengthen the capacities of the participants on the tools and techniques in...
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Equatorial Guinea implements Economic changes for a sustainable future

"After the recent crisis, it is estimated that our Gross Domestic Product would fall by about 6% in 2020, compared to an initial forecast of a 1.6% drop. In a...
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In Central Africa, Economic Recovery Must Go Through a Reform of Forex Regulations – Leoncio Amada NZE

Of the six member states, only Cameroon is a net oil importer. However, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon are more dependent on oil than Cameroon, which accounted for around...
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Cameroon begins Budget programming conference to fine-tune Public spending

According to the Minister of the Economy, Alamine Ousmane Mey, “Cameroon has chosen strategic planning based on results-based management to conduct its public policies. At the heart of this process...
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Congo launches evaluation tool for Public finance

According to the chief of staff of the Minister of Finance and Budget, Henri Loundou, the actors in the expenditure chain will now have this tool for the commitment of...
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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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Gabon strengthens Audit of Public Finance through NVAA

Supported by Denise Mekam'ne, Minister of State for Relations with Constitutional Institutions and Independent Administrative Authorities, the project to create the National Authority for Verification and Audit "stems from a...
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Cameroon suspends 5th phase of Economic Partnership Agreement over COVID 19 constraints

Cameroon has based its action on Article 31 of the EPA Statutes which states that the country is free to suspend EPA operations if they are faced with exogenous shocks....
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Gabon Oil: Maurel &Prom sees red in the first half of 2020

The Group's consolidated sales amounted to 142 million dollars in the first half of 2020, down 38% compared to the same period in 2019. The Group's production in M&P share...
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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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Huawei to construct new site in Brazzaville

Currently, the area concerned houses a one-stop-shop customs clearance agency, the dilapidated buildings of the former Cosmos hotel. A delegation from the Huawei company met last week with the occupants...
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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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