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Finance

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BEAC injects 600 billion FCFA into financial market

July 23, 2020By
Indeed, the implementation of this operation is linked to the agreements concluded with the International Monetary Fund (IMF). "To benefit from this operation, the central bank asks the States, in...
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Congo sets ground work to upgrade Tax code

July 22, 2020By
Thus, for ten days, agents and executives of the tax administration will discuss issues relating to the draft of the new general tax code and the book of procedures. Two...
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Provincial heads in Chad challenged to strengthen revenue collection

July 22, 2020By
“Emphasis was placed on the issue of administrative revenue, but also on expenditure in the provinces. Regarding the collection of revenue by the ministries and entities in the provinces, they...
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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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