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Finance

Denis Sassou Nguesso promises Tax incensives to Congolese Enterprises

Following the restrictive measures enacted by the government in response to the spread of the coronavirus, the private sector hopes to benefit from the government from a reduction in corporate...
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France grants Moratorium to Congo

“This signature shows France's unwavering support for the Republic of Congo, at a time of health crisis with significant economic and financial consequences. The initiative of the Paris Club and...
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BDEAC and BSCA grants credit to Global Developpement S.A

To implement this private project at a total cost of 10.4 billion CFA francs Global Development. The BDEAC grants a loan of 5 billion CFA francs, or 48% of the...
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Cameroon and ITFC seal 250 million US Dollar deal to strengthen Economy

According to the newspaper, an official statement made public on April 12, 2021, by the ITFC specifies that “thanks to this framework agreement, the ITFC will also extend its support...
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Credit to the Gabonese State drop by 22% in 2020

However, year-on-year, loans granted to the private sector increased by 2.9% to CFAF 1,132.6 billion in December 2020. They represented 70.9% of total loans against 67.9% in December 2020. This...
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147 Congolese Enterprises to benefit from 1.3 billion FCFA

According to the Minister of SMEs, craftsmanship and the informal sector, Yvonne Adelaide Mougany, the goal has been achieved, that of engaging entrepreneurial culture among young people and women. All...
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BEAC launches Control Operation against Illicit Capital flight

The Bank thus hopes to get its hands on the operators who are at the origin of the current account deficit observed during fiscal year 2020. If the exact figures...
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G20 grants Chad Debt Moratorium

According to Agence France Presse, to date, 46 countries out of the 73 eligible, have requested and obtained a postponement of the payment of interest, for an amount of 5.7...
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Single Payment Window earns Congolese Treasury 40 billion FCFA

To secure and maximize state revenue, the Ministry of Finance and Budget has set up the Single Payment Window (GUP) for the collection of taxes. Within one month of operation,...
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500 Million FCFA set aside for Renewable Energy in Cameroon’s Northern regions

“6000 people including 1000 households will benefit from this project in the towns of Bibemi, Zina and Poli. They will be trained in the use of solar energy systems, in...
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