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Finance

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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Gabon obtains 43 billion FCFA from UNESCO for five projects

As part of the strengthening of its partnership with Gabon, the United Nations Educational, Scientific and Cultural Organization has allocated an envelope of nearly 43 million CFA francs to the...
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Congo records 0.5% increase in Economic growth in 2021

The members of the CNEF have, moreover, evoked developments concerning the increase of 14.8% of loans to the economy year-on-year, the decline of 11.5% of unpaid debts. Regarding debt management,...
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Cameroon Director meets Businessmen in Douala

According to the explanations of the Directorate General of Taxes, "the exemption will pass, among other things, by the reduction of two points (from 30% to 28%) of the rate...
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China cancels part of Congo’s debts

“It gives me great pleasure to have signed two cooperation agreements. These signed documents show, once again, that Sino-Congolese cooperation remains fruitful, despite the difficulties mainly caused by Covid-19. It...
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Cameroon in search of 350 billion FCFA from Investors to finance part of its 2021 Budget

The Minister took the opportunity to reveal to investors the budget financing program. He is counting on the feasibility of the project and especially the good health of the money...
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Cameroon’s Economy officials schooled on the new Budget nomenclature

According to the explanations of Guy Raymond Nkou, the Deputy Director in charge of the preparation of the public investment budget at MINEPAT, “it is a question for all the...
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ENEO promises 100 billion FCFA to ameliorate Electricity supply in Cameroon

In recent years, the Cameroonian government has financed the construction of several infrastructures intended to improve the supply of electrical energy throughout the national territory. Hydroelectric dams, power stations etc....
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