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Finance

BEAC predicts stagnant business environment in Q2 of 2021

According to the central bank of CEMAC states, this forecast test is a “quarterly document of a prospective nature, based on surveys carried out among business leaders, administrators and other...
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DRC records grim performance in 2021 Budget

The General Inspectorate of Finance (IGF) reports poor public revenue mobilization during this period. More worryingly, the situation is not set to improve with the latest measures adopted by the...
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FANAF reaps over 750 million FCFA profit in 2020

“We are happy to have achieved these two goals thanks to the invaluable support of President Ali Bongo, sponsor of the 44th edition held in Libreville. The support of the...
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BEAC to unveil new banknotes

It was at the end of the ordinary session of the Ministerial Committee of the Central African Monetary Union (Umac), held on October 2, 2019, at the headquarters of the...
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Cameroon’s Finance Minister extends Tax payment date

This postponement comes two months after the MINFI postponed by 15 days, the deadlines for payment of taxes for the 1st quarter of 2021. “Legally fixed for the 15th of...
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Congo to raise 100 billion FCFA from CEMAC Financial market

"On the basis of the last National Development Plan (2018-2022), the funding that will benefit the Congolese State will enable it, in line with an economic situation that promises to...
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Chad rejects report it plans to sell its shares of the Chad-Cameroon pipeline to Cameroon

According to Ibrahim Mahamat Djamous, "there has never been any partial repurchase of Chadian assets on the Chad-Cameroon export pipeline with SNH". Also, that "no cabinet has been mandated by...
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Congo to preside over BDEAC

“Thanks to the reforms that took place at BDEAC in 2019, the presidency of the General Assembly and of the Board of Directors is now rotating. This year, it is...
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Leasing: an innovative financing method for Congolese companies

This investment, which is still little known in the Republic of the Congo, concerns movable or immovable property, in particular professional equipment and tools such as construction equipment, computer equipment,...
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Japan grants $2.7million to reconstruct North West and South West Cameroon

“The Japanese government has provided support for the Presidential Plan for the Development and Reconstruction of the Northwest and Southwest Regions to the tune of 2,750,000 US dollars. The funding...
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Gabon obtains 43 billion FCFA from UNESCO for five projects

As part of the strengthening of its partnership with Gabon, the United Nations Educational, Scientific and Cultural Organization has allocated an envelope of nearly 43 million CFA francs to the...
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Congo records 0.5% increase in Economic growth in 2021

The members of the CNEF have, moreover, evoked developments concerning the increase of 14.8% of loans to the economy year-on-year, the decline of 11.5% of unpaid debts. Regarding debt management,...
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Cameroon Director meets Businessmen in Douala

According to the explanations of the Directorate General of Taxes, "the exemption will pass, among other things, by the reduction of two points (from 30% to 28%) of the rate...
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China cancels part of Congo’s debts

“It gives me great pleasure to have signed two cooperation agreements. These signed documents show, once again, that Sino-Congolese cooperation remains fruitful, despite the difficulties mainly caused by Covid-19. It...
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