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Finance

Financial market: the volume of Congolese treasury issues on the rise

According to Gatien Ondaye Obili, the head of the credit, capital market and bank control department at the central bank, the development of the Congolese financial market performance is linked...
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Kribi port reaps 8 billion FCFA in 3rd trimester of 2020

“Comparisons between these two periods show an increase of 57.8% on onshore and offshore calls. Precisely, at the end of the 3rd quarter of 2019, the Port of Kribi had...
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Cameroon reaps 10 million FCFA in two years from the Forestry sector

The volume of undeclared activity in view of their turnover reached 11.4 billion FCFA in 2018 and 16.7 billion FCFA in 2019, for a total of 27.8 billion FCFA. On...
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BEAC prohibits the use of telephone credit units in CFA Francs

"Communication credits are a commodity, a product or a service which is only used for telephone services and which, even if they have a market value, are not means of...
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MTN Cameroon reaps 59 billion FCFA profit in 3rd trimester of 2020

This overweight is justified by the combination of several factors, in particular "the evolution of the exchange rate between the currencies of the two countries. The South African Rand over...
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Congo fixes IRPP at 15%

However, the Minister of the Economy has been informed that several taxpayers are having difficulty applying the new rate of benefits in kind. "It comes back to me from the...
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CONSUMAF sounds alarm over cryptocurrency in CEMAC zone

Nagoum Yamassoum warns the public about the risky nature of such investments and advises to remain cautious about offers from direct sellers promising guaranteed high returns. "Any entity or person...
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IMF predicts 3.1% growth rate in sub-Saharan Africa in 2021

Abebe Aemro Selassie, Director of the IMF's Africa department, noted that sub-Saharan Africa is currently facing an unprecedented health and economic crisis. “In just a few short months, this crisis...
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BEAC injects 250 billion FCFA into CEMAC Financial market

According to Chadian outlet, journal Economie, it is to cope with the effects of the health crisis linked to Covid-19 and the fall in oil prices that the BEAC decided...
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Cameroon’s financial reforms enter Unique Treasury account phase

“The CUT is a unified structure of government bank accounts that provides an overview of its liquidity. Based on the principle of the cash unit, it consists of a bank...
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Gabonese Economist charges Presidential Taskforce to show transparency in the settlement of internal debts

The taskforce initiated by the presidency on June 24, under the leadership of the general coordinator of presidential affairs, Noureddin Bongo Valentin, is currently reviewing Gabon's domestic debt amounting to...
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Banque Atlantique pledges to help Cameroon revive economy

The bank's proposals "relate to surety insurance, bank loans that can be guaranteed by insurers, guaranteed accounts, holdbacks and start-up advances. activities, among others .” Norbert Ngniwake explains, "each time...
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IMF Executive Board Approves a US$ 156 million New Disbursement for Cameroon to Address the impact of the COVID-19 Pandemic

The authorities have been proactive in responding to the COVID-19 pandemic and are stepping up their efforts to contain the spread of the disease, boost health and social protection spending,...
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Chad: payment of customs taxes via Airtel money, now possible

"Electronic payment by Airtel Money makes it possible to reduce poverty, to modernize the means of payment, to facilitate financial inclusion and also the integration of populations through it. "...
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