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Finance

13th plenary of the Action Group against Money Laundering in Central Africa

Representing the Minister of Finance who is also president of Gabac, Ndolenodji Alixe Naimbaye, said: "The fight against transnational crime helps protect the entire financial system, attract investment, promote economic...
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Compromise reached between economic operators and the Club de Brazzaville for the settlement

The president of the National Union of Economic Operators of Congo (UNOC), El hadj Djibril Abdoulaye Bopaka, like other business leaders, said he was relieved after the meeting. “We believe...
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2,722.5 billion FCFA contracted in the 1st quarter of 2020 in Chad

Chad's public debt ratio is 46.6% as of March 31, 2020, compared to 37.2% a year earlier. An early lower than the CEMAC convergence criterion which sets the debt ceiling...
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Gabonese companies with debts of less than CFAF 70 million at the cash desk Thursday

"The Ministry of the Budget informs companies whose debts are less than 70 million CFA francs which have been validated (by the conclusions of the work of the Task Force...
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Public control officials improve their audit performance

According to IGF expert at Prisp, Zobi Jean Richard, this training will allow participants to be more operational and professional in the audit profession, in accordance with international standards. The...
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Congo and GIMAC for the interoperability of electronic transactions

"Mobile telephone companies, fund transfers, aggregators, fintechs and administrations are today called upon to tie up to the interoperability of financial transactions for better traceability of financial flows", indicated the...
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GICAM companies contribute 70% of Cameroon’s financial revenues

However, companies remain plagued by obstacles that prevent their full growth and impact the business climate. They are twofold: insecurity in the North West and South West regions affects 88%...
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More than 240 billion FCFA of “false debt” discovered in Gabon

Less than a month after the discovery of 100 billion FCFA of dubious claims that the companies agreed to abandon to avoid legal proceedings, it is approximately 241 billion FCFA...
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Cameroon Government to aid COVID 19 hit SMEs with 2 billion FCFA

To be eligible for this donation, "you must be a Cameroonian company with proof of legal existence and affiliated with an umbrella body; operate in sectors that have been strongly...
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Positive Economic growth expected in Congo from 2021

During its Council of Ministers on October 5, the Congolese government painted a grim picture of the national economic situation, while remaining optimistic for the coming months. “On the supply...
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Draft 2021 budget: Congo revises upwards its revenue forecasts

During a Council of Ministers on October 5, the government intends to continue modernizing the tax administration, in particular through the generalization of the banking system for tax collection; broadening...
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World Bank presents two reports on Chad’s socio-economic situation

The second report presented focuses on analyzes of fiscal and budgetary revenues, education and health, more specifically, the problem of equity and efficiency of health services and also of public...
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Financial authorities: Gabon administration and the unions are playing their game on bonuses

The different parties had already agreed, concerning the first point, on the payment of this bonus on the basis of the hierarchy of personnel. Starting with the most fragile categories,...
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BEAC tightens conditions for transfers outside CEMAC

In addition, the BEAC specifies, the commission rate to be charged by the Central Bank during transfers outside CEMAC on behalf of national treasuries and accountants, as well as all...
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