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CONSUMAF sounds alarm over cryptocurrency in CEMAC zone

Nagoum Yamassoum warns the public about the risky nature of such investments and advises to remain cautious about offers from direct sellers promising guaranteed high returns. "Any entity or person...
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IMF predicts 3.1% growth rate in sub-Saharan Africa in 2021

Abebe Aemro Selassie, Director of the IMF's Africa department, noted that sub-Saharan Africa is currently facing an unprecedented health and economic crisis. “In just a few short months, this crisis...
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BEAC injects 250 billion FCFA into CEMAC Financial market

According to Chadian outlet, journal Economie, it is to cope with the effects of the health crisis linked to Covid-19 and the fall in oil prices that the BEAC decided...
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Cameroon’s financial reforms enter Unique Treasury account phase

“The CUT is a unified structure of government bank accounts that provides an overview of its liquidity. Based on the principle of the cash unit, it consists of a bank...
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Gabonese Economist charges Presidential Taskforce to show transparency in the settlement of internal debts

The taskforce initiated by the presidency on June 24, under the leadership of the general coordinator of presidential affairs, Noureddin Bongo Valentin, is currently reviewing Gabon's domestic debt amounting to...
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Banque Atlantique pledges to help Cameroon revive economy

The bank's proposals "relate to surety insurance, bank loans that can be guaranteed by insurers, guaranteed accounts, holdbacks and start-up advances. activities, among others .” Norbert Ngniwake explains, "each time...
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IMF Executive Board Approves a US$ 156 million New Disbursement for Cameroon to Address the impact of the COVID-19 Pandemic

The authorities have been proactive in responding to the COVID-19 pandemic and are stepping up their efforts to contain the spread of the disease, boost health and social protection spending,...
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Chad: payment of customs taxes via Airtel money, now possible

"Electronic payment by Airtel Money makes it possible to reduce poverty, to modernize the means of payment, to facilitate financial inclusion and also the integration of populations through it. "...
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13th plenary of the Action Group against Money Laundering in Central Africa

Representing the Minister of Finance who is also president of Gabac, Ndolenodji Alixe Naimbaye, said: "The fight against transnational crime helps protect the entire financial system, attract investment, promote economic...
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Compromise reached between economic operators and the Club de Brazzaville for the settlement

The president of the National Union of Economic Operators of Congo (UNOC), El hadj Djibril Abdoulaye Bopaka, like other business leaders, said he was relieved after the meeting. “We believe...
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2,722.5 billion FCFA contracted in the 1st quarter of 2020 in Chad

Chad's public debt ratio is 46.6% as of March 31, 2020, compared to 37.2% a year earlier. An early lower than the CEMAC convergence criterion which sets the debt ceiling...
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Gabonese companies with debts of less than CFAF 70 million at the cash desk Thursday

"The Ministry of the Budget informs companies whose debts are less than 70 million CFA francs which have been validated (by the conclusions of the work of the Task Force...
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Public control officials improve their audit performance

According to IGF expert at Prisp, Zobi Jean Richard, this training will allow participants to be more operational and professional in the audit profession, in accordance with international standards. The...
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Congo and GIMAC for the interoperability of electronic transactions

"Mobile telephone companies, fund transfers, aggregators, fintechs and administrations are today called upon to tie up to the interoperability of financial transactions for better traceability of financial flows", indicated the...
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