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Finance

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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Congolese Economic operators express dissatisfaction with the payment mechanism of Domestic debt

"Following the payment of part of the domestic commercial debt of the 179 companies audited and validated for 2014-2015-2016, it is important that our union take stock and analyze the...
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Cameroon Government launches 2021 Budget Execution

The 2021 budget is being carried out in a context marked by the health crisis linked to Covid-19 but also the security crises in the Far North, North West and...
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BDEAC loans 15 billion FCFA to Gabon to fight coronavirus

This funding was intended, among other things, to equip public hospitals. In addition, the hearing between the president of the BDEAC and Rose Christiane Ossouka mainly aimed to take stock...
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Cameroon Finance Ministry outlaws cash payment of Taxes

The Minister also establishes the electronic payment as a mode of compulsory payment of taxes and duties for large companies falling within the portfolio of the management of large companies....
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