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Finance

Congo to adjust 2021-2023 Budgetary Policy

The Congolese government intends to continue implementing the reforms initiated a few years ago, as part of the implementation of the agreement reached with the International Monetary Fund (IMF).
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Hydrocarbons: rebound in oil prices restores Congo’s budget balance

Faced with these fluctuations, the Congolese government decided in April to revise its budget forecasts by half, by putting in place mechanisms to restore budgetary balances. According to the Minister...
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Chadian Employers urge the Government to protect local industries

According to its President, the CNPT in no way supports the monopoly of companies, or even the pooling of interests to establish a dominant position. It is in this logic...
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BEAC injects 600 billion FCFA into financial market

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

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

“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%

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

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

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

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

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

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

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

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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