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Finance

Positive Economic growth expected in Congo from 2021

During its Council of Ministers on October 5, the Congolese government painted a grim picture of the national economic situation, while remaining optimistic for the coming months. “On the supply...
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Draft 2021 budget: Congo revises upwards its revenue forecasts

During a Council of Ministers on October 5, the government intends to continue modernizing the tax administration, in particular through the generalization of the banking system for tax collection; broadening...
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World Bank presents two reports on Chad’s socio-economic situation

The second report presented focuses on analyzes of fiscal and budgetary revenues, education and health, more specifically, the problem of equity and efficiency of health services and also of public...
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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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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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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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