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Finance

G20 grants Chad Debt Moratorium

According to Agence France Presse, to date, 46 countries out of the 73 eligible, have requested and obtained a postponement of the payment of interest, for an amount of 5.7...
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Single Payment Window earns Congolese Treasury 40 billion FCFA

To secure and maximize state revenue, the Ministry of Finance and Budget has set up the Single Payment Window (GUP) for the collection of taxes. Within one month of operation,...
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500 Million FCFA set aside for Renewable Energy in Cameroon’s Northern regions

“6000 people including 1000 households will benefit from this project in the towns of Bibemi, Zina and Poli. They will be trained in the use of solar energy systems, in...
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“UBA is well-positioned to Benefit from Recovery trends” – Tony Elumelu

“We spearheaded strategic investments in our digital banking and technology platforms to further promote self-service banking; we have also focused on enhancing the capabilities of our people through various online...
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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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