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Finance

Cameroon Government gives authorization for establishment of Equato-Guinean bank

his step marks the end of its installation process initiated in June 20219. On July 30, 2020, Bange Bank Cameroon obtained the assent of the Central African Banking Commission (Cobac)...
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Chad’s Finance Minister examines job files of youths

Following discussions with bank officials, incubators and certain youth platforms, members of the government asked each bank to carry out an inventory of the files received. “A lot of banks...
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Congo and IMF discuss Emergency aid

Asked about the continuation of the macroeconomic reform program concluded with the Congo in July 2019, the representative of the Bretton Woods institution said that discussions on this subject will...
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Vaalco Energy bags 4.2 billion FCFA profit in Q3 of 2020

“We have continued to focus on operational excellence and execution, which allows us to maintain a healthy cash flow, and cost discipline remains a key priority for the company as...
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BICIG: Establishment of a special banking system for State officials

"The documentation to be provided is as follows: a valid ID and a copy of a recent bulletin or receipt, a half-photo in color or black and white," Bicig said....
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BEAC called to review its foreign exchange regulations

According to the African Energy Chamber (the voice of the energy sector in Africa), these measures are insufficient, unrealistic and unlikely to boost sustainable development. “We need businesses that can...
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14 billion FCFA to boost Cotton production in Cameroon

Both initiatives have benefited from foreign funding. ABC-Pader has benefited from a joint envelope from the European Union and Germany amounting to 12.725 billion FCFA. As for Procoton, which is...
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European Union and Gabon seal 200 million FCFA to tackle COVID 19 induced economic shocks

The national response to Covid-19 was at the center of discussions between the Minister of Health and the European Union (EU) ambassador to Gabon on November 5 in Libreville. Rosario...
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Financial market: the volume of Congolese treasury issues on the rise

According to Gatien Ondaye Obili, the head of the credit, capital market and bank control department at the central bank, the development of the Congolese financial market performance is linked...
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Kribi port reaps 8 billion FCFA in 3rd trimester of 2020

“Comparisons between these two periods show an increase of 57.8% on onshore and offshore calls. Precisely, at the end of the 3rd quarter of 2019, the Port of Kribi had...
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Cameroon reaps 10 million FCFA in two years from the Forestry sector

The volume of undeclared activity in view of their turnover reached 11.4 billion FCFA in 2018 and 16.7 billion FCFA in 2019, for a total of 27.8 billion FCFA. On...
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BEAC prohibits the use of telephone credit units in CFA Francs

"Communication credits are a commodity, a product or a service which is only used for telephone services and which, even if they have a market value, are not means of...
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MTN Cameroon reaps 59 billion FCFA profit in 3rd trimester of 2020

This overweight is justified by the combination of several factors, in particular "the evolution of the exchange rate between the currencies of the two countries. The South African Rand over...
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Congo fixes IRPP at 15%

However, the Minister of the Economy has been informed that several taxpayers are having difficulty applying the new rate of benefits in kind. "It comes back to me from the...
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