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Finance

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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Merger of CEMAC’s two Stock Exchanges almost complete

The actions still to be carried out for the finalization of the second phase of the merger of the financial markets of the Economic and Monetary Community of Central Africa...
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CÉMAC’s unified financial market prepares IPOs

It should be noted that the second phase of the CEMAC financial market merger project initiated in July 2019 concerns: the reform of the regulatory framework relating to market activities...
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New World Bank Representative in Chad assumes office

A Turkish national, Rasit Pertev was previously Secretary of the International Fund for Agricultural Development (IFAD). He first joined the Bank in 2003 and has worked as a Senior Agricultural...
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Chad seals 100 million FCFA deal with Development Gateway

After signing this convention, the Minister of the Economy, Development Planning and International Cooperation, Dr Issa Doubragne reminded the audience that this tool will allow information on foreign aid to...
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Congo’s Tax Directors charged to overcome Economic challenges

According to Hermman Rodney Gouellet, the controls and services department, for example, has many challenges to overcome, the first being to have competent staff so that this department can support...
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Cameroon begins Budget programming conference to fine-tune Public spending

According to the Minister of the Economy, Alamine Ousmane Mey, “Cameroon has chosen strategic planning based on results-based management to conduct its public policies. At the heart of this process...
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Congo launches evaluation tool for Public finance

According to the chief of staff of the Minister of Finance and Budget, Henri Loundou, the actors in the expenditure chain will now have this tool for the commitment of...
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BDEAC seals 29 billion FCFA finance deal with Chad

For the two projects, the banking institution has released an envelope of CFAF 29 billion. A total of 15 billion are intended for the Chadian health authorities in order to...
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Gabon strengthens Audit of Public Finance through NVAA

Supported by Denise Mekam'ne, Minister of State for Relations with Constitutional Institutions and Independent Administrative Authorities, the project to create the National Authority for Verification and Audit "stems from a...
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Cameroon suspends 5th phase of Economic Partnership Agreement over COVID 19 constraints

Cameroon has based its action on Article 31 of the EPA Statutes which states that the country is free to suspend EPA operations if they are faced with exogenous shocks....
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United Nations Economic Commission for Africa launches Price watch list for Africa

In the same vein, Cameroon’s Minister of Economy, Planning and Regional Development - Alamine Ousmane Mey - said “We need to strengthen the relationships between national information and statistics institutions...
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BEAC adopts eTransfer, a new application made available to banks in the CEMAC zone

This is a big step, given that "eTransfer makes it possible to ensure the traceability and availability of real-time monitoring information for banks, public treasuries as well as other economic...
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