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Finance

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Congolese bank assets up 6.3%

July 21, 2020By
Due to underperformance in exports and imports, inflation is estimated at 2.8% this year, down from 1.8% a year earlier. The money supply in circulation will fall by 14.1% due...
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Cameroon Tax Administration launches new payment portal SYAMPE

July 21, 2020By
It is a system which allows "not only the taxpayer to fully control his taxpayer expenses without going to the competent administrations for follow-ups, but it also provides you with...
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CAMAIR-CO up for Privatization after turbulent existence

July 20, 2020By
In the same document, we learn that the Head of State has just ordered the release of 15 billion FCFA for the benefit of CAMAIR-CO. Money that will be used...
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Chad expecting 68 million USD from IMF to mitigate budgetary constraints

July 16, 2020By
The planned disbursement is the second of its kind under the Rapid Credit Facility (FCR). It is the result of lengthy talks between IMF staff and the Chadian authorities, aimed...
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BDEAC allocates 155 billion FCFA to Chad, Congo, Cameroon and Gabon

July 15, 2020By
On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states. The disbursement validated during the Board of Directors meeting...
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Chad’s Finance Minister lauds satisfactory execution of the Budget

July 15, 2020By
On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states, reveals Financial Afrik. The disbursement validated during the Board...
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GIMACPAY, the converged card, mobile and transfer ecosystem now a reality

July 14, 2020By
GIMAC is announcing the commercialization of integral electronic payment services at the end of the pilot phase in which the CBC, BGFIBank Gabon, BICEC, UBA, MTN Cameroon, ORANGE Cameroon, CCEI...
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Two new shareholders join the capital of BDEAC as Dondra heads institution’s Governing Body

July 14, 2020By
Indeed, the balance sheet for the financial year 2019 shows a net profit up 32%, or more than 15 billion FCFA against 11 billion FCFA in 2018. Better still, the...
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Chad’s 30 billion FCFA youth entrepreneurship fund operational

July 13, 2020By
The government and local banks have agreed on loan mechanisms for young Chadian entrepreneurs. "Young project leaders will now be able to benefit from more flexibility and access to finance...
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African Energy Chamber Salutes BEAC’s Authorization to Open Foreign Currency-labelled Escrow Accounts

July 13, 2020By
“We applaud the BEAC for listening to the private sector concerns and for adopting a pragmatic approach to foreign currency regulations in the wake of the ongoing crisis caused by...
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BDEAC to assist in the realization of Congo’s Economic programme

July 12, 2020By
The members of the Board of Directors also discussed the financial situation of the bank in the context of a health crisis due to the coronavirus. "The BDEAC is doing...
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Chad seals two financial deals for Development

July 11, 2020By
The second agreement concerns the Global Environment Facility (GEF). It is valued at 5.3 million US dollars or about 4 billion CFA francs. It supports the Reinforcement of Resilience to...
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Gabon: the diaspora contributes 0% to GDP

July 10, 2020By
Estimated in millions of US dollars, the contribution of the Gabonese diaspora is again the least important on the continent, arriving three places before the last (Sao Tome and Principe,...
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French Development Agency churns out 4.8 billion FCFA to promote Higher Education and Employment in Congo

July 9, 2020By
Two financial agreements worth 7.35 million euros were signed on July 8 in Brazzaville between the Minister of Finance and Budget, Calixte Nganongo, the French ambassador to the Congo, François...
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