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Finance

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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Congolese Civil Society call for suspension of Government imposed taxes

Consumer representatives are demanding that pharmacies, hardware stores and supermarkets be removed from the electronic stamp tax base. They continue to oppose existing taxes on electronic communications; the increase in...
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BDEAC launches 300 billion FCFA Public Service bond programme

According to BDEAC, this initiative is in line with priority objective 2 of the 2017-2022 strategic plan, which encourages the Bank to secure and diversify its sources of funding. Thus,...
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GIMAC: 263 billion FCFA processed in five years

This service is provided by Terrapay, which manages the flows of the information companies of the participants. With it, customers can receive Western Union, Express money, Instant cash, Daytona, Nobel...
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Eugenia Onyekwelu now head of UBA Gabon

Eugenia Onyekwelu joined UBA Gabon in 2012 as Director of Operations. “Over the past eight years, she has managed to immerse herself in the local culture and Gabonese macroeconomic context....
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CEMAC zone: BDEAC releases 31 billion FCFA for the financing of new private sector projects

To ensure the implementation of its strategic development plan 2020-2022, the institution intends to mobilize 300 billion CFA francs for the financing of projects with high socio-economic impact. It will...
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Gabon’s Economy Minister clears the air on tax Exemptions for Oil companies

f the ministry notes that there have been transactional agreements for the benefit of oil companies, it notes that "the authors of this erroneous information confuse regulatory penalties and transactional...
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Cameroon’s Finance Minister challenges banks to go Digital

As an impact of this movement, the national treasurer hopes "an enlargement of the range of products and services to be offered to Small and medium-sized enterprises, Very small enterprises...
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Gabonese MPs express doubts over 2021 Finance law but keen to follow Government directives

In the amended finance law of 2020, they amounted to CFAF 3,047.1 billion. It is therefore a decrease of 365.6 billion, as presented by the Minister of Budget and Public...
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Chadian businessmen reject new taxes

On this morning of November 21, 2020, the customs court of Ngueli, on the border of the neighboring Cameroonian town of Kousseri, is filled with trucks loaded with various goods,...
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With financial deposits of 4.9 billion FCFA, Cameroon’s private sector stands out in the CEMAC zone

This regression is only observed in Gabon ”, underlines the BEAC. “The deposits collected amounted to 55 billion (12% of the balance sheet total). They increased by 4.2 billion (+...
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CEMAC experts raise more than 3500 billion FCFA for Integrated projects

The focal points of these projects are, among others, modernizing the road networks linking several countries in the sub-region; develop the production of energy interconnection or develop optical fiber. During...
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BW Energy: 1.42 million barrels of oil produced in Q3 2020

"We are ready to resume value-added development activities on the Dussafu license, with the connection of wells for phase 2 of Tortue in mind, and to relaunch the Hibiscus /...
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European Union gives Cameroon 10 billion FCFA to promote Entrepreneurship

For the Interim Chargé d'Affaires at the Delegation of the European Union in Cameroon, Sébastien Bergeon, "the efforts to fight Covid-19 can only bear fruit in the long term as...
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