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Finance

Gabon debt rate explodes

After a downward trend over the period 2016-2019, Gabon's debt ratio experienced a resurgence in 2020. According to the latest "Note of analysis on Gabon's debt", Ali Bongo's country recorded...
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BDEAC collected 106.8 billion FCFA following the raising of bonds

The mobilization of subscribers was remarkable, with more than 82.4% participation for banks, 7.7% for insurance companies, 5.6% for individuals, pension funds just over 1 , 9% of the total...
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Gabon plans to bring public debts to below 70% of PIB

According to the Ministry of the Economy, after a downward trend over the period 2016-2019, the debt ratio is again on the rise. This "debt strategy aimed at economic recovery...
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New Tax provisions of Chad’s 2021 State Budget

Under the support and economic recovery, it is proposed to provide a tax incentive for companies operating in the fields of agriculture, livestock, renewable energies; VAT exemption on fertilizers, pesticides...
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Chad benefits from 15 billion FCFA World Bank support for post-COVID 19 revival

With these $ 15 million, the project is expected to benefit around 365,000 people in the provinces of Mandoul and Moyen-Chari, through the rehabilitation of around 400 km of roads...
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BDEAC unveils “2020-2027” bonds to finance CEMAC Integrative projects

Initiated by the Central African States Development Bank (BDEAC), the public call for savings called "BDEAC 5.45% NET 2020-2027" was presented on December 22 in Libreville. This bond loan aims...
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Congo’s Parliament salutes reforms at the State Telecom company

Although the current management team has inherited a gloomy social situation, Congo Télécom is working to restore its image. According to the deputy Maurice Mavoungou, whose commission has searched well...
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BEAC pumps in 250 billion FCFA into CEMAC market

This operation will be carried out at the applicable tender interest rate (TIAO) of 3.25%, in accordance with community provisions. Assets accepted as collateral for BEAC refinancing operations operate in...
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FEICOM and GIZ seal deal to tackle climate change

Setting up projects likely to be supported by GIZ within the framework of COMSSA; mobilization of funding for the implementation of local projects; support for decentralized local authorities and FEICOM...
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African States Urged to accelerate the ratification of AfCFTA instruments

As of November 30, thirty-three countries out of fifty-five on the continent have been able to ratify and deposit the related instruments with the AfCFTA Commission, said the Nigerien head...
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Gabon’s fraudulent tax payers warned to settle their debts before December 11

"After this period, the administration reserves the right to proceed with the recovery of the sums due, in accordance with the procedures provided for by the General Tax Code," Gabin...
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Tawamba hinges on youths as he eyes another term at the helm of GICAM

According to the President of Cameroon's largest employers, youth is synonymous with vigour; young people are dynamic, voluntary, proactive; and that is why it is good, according to him, to...
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Chad and the European Union to work towards improving the Economy

The first concerns a sovereign loan to the Republic of Chad of 15 million euros, or 9.8 billion FCFA to finance the acquisition of Chad's participation in the capital of...
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More than one billion FCFA for the development of the Lake Chad basin

hus, UNDP-Cameroon has "developed two lines of intervention: the immediate stabilization of specific areas, freed from the influence of Boko Haram but where communities remain vulnerable; and the implementation of...
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