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Economy

BEAC injects 600 billion FCFA into financial market

Indeed, the implementation of this operation is linked to the agreements concluded with the International Monetary Fund (IMF). "To benefit from this operation, the central bank asks the States, in...
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Bertrand Mbouck named CEO of Dangote Cameroon

He joined Finnish power plant manufacturer Wärtsilä, which was setting up a subsidiary in central Africa, as area business controller. He realised, though, that to sit at the top table...
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Cameroon to import 465 thousand MT of petroleum products in the last quarter of 2020

Since the end of 2019, "Cameroon has put in place a new mechanism for sustainable supply of the market in order to minimize costs and possible shortfalls that would continue...
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Covid 19 threatens 1000 jobs in Gabon’s tourism sector

According to the member of the government, the consequences are alarming with 1000 direct jobs threatened; 150,000 lost customers; the three-quarter drop in operator turnover compared to 2019; several companies...
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Congo sets ground work to upgrade Tax code

Thus, for ten days, agents and executives of the tax administration will discuss issues relating to the draft of the new general tax code and the book of procedures. Two...
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Provincial heads in Chad challenged to strengthen revenue collection

“Emphasis was placed on the issue of administrative revenue, but also on expenditure in the provinces. Regarding the collection of revenue by the ministries and entities in the provinces, they...
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Congolese bank assets up 6.3%

Due to underperformance in exports and imports, inflation is estimated at 2.8% this year, down from 1.8% a year earlier. The money supply in circulation will fall by 14.1% due...
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Cameroon Tax Administration launches new payment portal SYAMPE

It is a system which allows "not only the taxpayer to fully control his taxpayer expenses without going to the competent administrations for follow-ups, but it also provides you with...
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AfDB predicts gloomy economic outcome for Gabon

According to forecasts from the African Development Bank, the health crisis linked to Covid-19 should lead to a slowdown in the process of diversification and industrialization, given the decline in...
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Elimination of roaming charges planned from January 2021 in the CEMAC sub region

To give a boost to the integration process, CEMAC also intends to rely on telecommunications. “It would be wise for CEMAC member states not to miss the deadline of January...
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CAMAIR-CO up for Privatization after turbulent existence

In the same document, we learn that the Head of State has just ordered the release of 15 billion FCFA for the benefit of CAMAIR-CO. Money that will be used...
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Two hundred persons benefit from Congo’s support to relaunch their activities

These micro-subsidies aim, in fact, to strengthen the capacities of small players in the informal sector, more particularly those operating in sectors of economic activities declared non-essential having been stopped...
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COMESA launches online portal to boost trade

The platform will also connect buyers with suppliers of essential goods, thereby promoting and encouraging intra-COMESA regional trade, she said. It will also help small border traders and small and...
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RTC management praises good performance at Douala Port container Terminal despite challenges

He adds that the RTC has fueled the Cameroonian economy with imported goods and allowed the export of containerized goods. He indicates that 60 ships have been docked on the...
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