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Finance

Cameroon seeks loan to strengthen security in the CEMAC zone

Commerzbank, which finances more than 30% of Germany’s foreign trade, is the second largest listed German banking group by capitalization behind Deutsche Bank.
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Gabon’s Public debt settled in the first half of 2020 stands at CFAF 832.3 billion

As for the external debt, its settlement amounted to 635 billion CFA francs, an increase of 138.5%, and concerned international financial markets, multilateral, commercial and bilateral debt. The Sector Conjuncture...
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Congo unveils reformed tax system

“The electronic invoicing system is very important for accounting, traceability and value added tax. It will be beneficial for the tax administration as well as for the taxpayers as well...
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Gabon: CFAF 2,688.9 billion in total balance sheet for banks

According to figures from the Directorate-General for the Economy and Fiscal Policy collected from the Association of Professionals of Credit Institutions (Apec), the rate of coverage of loans by deposits...
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BEAC imposes a new tax on transfers of funds abroad

Regarding transactions, on behalf of national treasuries and public accountants, as well as sub-participants in payment systems and means holding accounts in the books of the Central Bank, the commission...
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Congo’s Digital payment hub takes shape

With a term of one year renewable by tacit agreement, the agreement aims to ensure the monitoring of electronic transactions carried out in the Republic of Congo by transfer, direct...
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AFD supported structure grants 38 million FCFA to 7 Chadian entrepreneurs

Seven winners were thus selected by a panel of experts and were able to benefit from a total budget of 38 million CFA francs. This amount, without interest and without...
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Government levies VAT on Social media platforms

To break it down, “when a company X based in Cameroon or under Cameroonian law buys advertising space from Google, once the invoice has been paid, Google is required to...
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Gabon’s Public debt rises by 4000 billion FCFA between 2009 – 2019

“The IMF gives money to the government and people often expect these funds to improve their living conditions. They are wrong because the IMF does not invest to improve living...
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EOG loan 6.25% Net 2019-2024: Gabon pays 7.8 billion FCFA in interest

During the borrowing operation, for the value "EOG 6.25% NET 2019-2024", Gabon had mobilized an envelope of 126 billion francs in the last quarter of 2019, whereas it did not...
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About 10 BVMAC shareholders approved by Cosumaf

Among these are “the Debt Recovery Fund, Assinco SA, Bati Sarl, the Professional Insurance Company of Cameroon, but also Commercial Bank of Cameroon, Banque Atlantique du Cameroun, Financia Capital, Union...
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French business magnet unveils plans to invest in Cameroon

Speaking to reporters at the end of the meeting with the Head of Government, the Duval Group boss reiterated, “We have planned investments in Yaoundé and Douala. These operations are...
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Cameroon Government seals 10 billion FCFA deal with BGFI to assist Enterprises affected by COVID 19

“For us, the main thing is first to preserve the jobs of SMEs. Then they must come so that we can find together the conditions for relaunching their activities, ”said...
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Gabon: Debt could reach 74.7% of GDP in 2020, according to IMF

The report also points out that this rate exceeds the convergence threshold of 70% of GDP in force in the Cemac zone, the Economic Community of Central African States (Cameroon,...
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