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Finance

Cameroon in search of 350 billion FCFA from Investors to finance part of its 2021 Budget

The Minister took the opportunity to reveal to investors the budget financing program. He is counting on the feasibility of the project and especially the good health of the money...
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Cameroon’s Economy officials schooled on the new Budget nomenclature

According to the explanations of Guy Raymond Nkou, the Deputy Director in charge of the preparation of the public investment budget at MINEPAT, “it is a question for all the...
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ENEO promises 100 billion FCFA to ameliorate Electricity supply in Cameroon

In recent years, the Cameroonian government has financed the construction of several infrastructures intended to improve the supply of electrical energy throughout the national territory. Hydroelectric dams, power stations etc....
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Chad confident of it’s Financial situation

"The reserves were in the negative zone so it was necessary to urgently and drastically put in place rather monetary programs and austerity programs which led to cuts in wages,...
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Congo procures invoicing machine to boost Tax collection

These machines which will in fact be connected to the information and management systems of the State, namely the E. tax for taxes and the integrated public finance management system....
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UEAC adopts 90 billion FCFA

Alamine Ousmane Mey "also reviewed the health situation and its repercussions on the economy of the sub-region. It is a question, according to him, of containing the spread of the...
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Cameroon and World Bank seal 30 billion FCFA to develop the Lake Chad zone

The development objective of this project is to contribute to the recovery of the Lake Chad area by supporting regional coordination and crisis prevention, connectivity and agricultural livelihoods in the...
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Congolese officials trained on procedures of Public Contracts

“The public procurement system was born out of the will, in particular, of the country's highest authority. It was in 2009 that the government set the country on the path...
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Cameroon’s SME Bank losses 4 billion FCFA in three years

This volume of excess resources is such that the BEAC had decided before the occurrence of covid-19, to draw liquidity from the sub-regional banking system. She said she feared that...
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UEAC evaluates 2021 budget at over 89 billion FCFA

In the same vein, the president of the CEMAC Commission, Daniel Ona Ondo, declared that: “this tax has suffered a big backlash in relation to the health crisis, with an...
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CEMAC countries called to pay their dues

It should be noted that the TCI is considered to be the main source of funding for the Cémac budget. It concerns 1% of the taxable value of imports of...
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Cameroon Customs to raise more than 75 billion FCFA in January 2021

Forecasts for Sector South II amount to 11 billion FCFA, while Coastal Sector II is expected to pay out to 7 billion FCFA. 1 billion is the expected revenue for...
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Gabonese Tax officials unveil fiscal plans to Cameroonian businessmen

"The delegation mandated by the Gabonese state thus seized the opportunity to provide investors, in particular Treasury Securities Specialists (SVTs) and local institutional investors, with the schedule of securities issues...
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0.50% excluding tax now applied for transfers out of CEMAC beyond 5 million FCFA

"The rate of the commission to be charged by the Central Bank during the execution of outgoing transfers outside Cemac on behalf of authorized intermediaries is set at 0.5% excluding...
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