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Finance

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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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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