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Finance

Chad’s 30 billion FCFA youth entrepreneurship fund operational

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

“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

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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Chad seals two financial deals for Development

The second agreement concerns the Global Environment Facility (GEF). It is valued at 5.3 million US dollars or about 4 billion CFA francs. It supports the Reinforcement of Resilience to...
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Gabon: the diaspora contributes 0% to GDP

Estimated in millions of US dollars, the contribution of the Gabonese diaspora is again the least important on the continent, arriving three places before the last (Sao Tome and Principe,...
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French Development Agency churns out 4.8 billion FCFA to promote Higher Education and Employment in Congo

Two financial agreements worth 7.35 million euros were signed on July 8 in Brazzaville between the Minister of Finance and Budget, Calixte Nganongo, the French ambassador to the Congo, François...
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Congolese Customs secure electronic tool to follow-up goods on transit

Accessible from the portal e. customs (project launched by the Ministry of Finance to modernize customs, in order to secure receipts), EKENGUE allows economic operators to automatically download the data...
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Distance Banking in Gabon: “BGFI Cash Management”, an innovative solution for businesses

With a single access code, customers can independently and easily access a wide range of basic services and innovative features. Among these, the daily management and monitoring of their accounts....
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Cameroon to raise 110 billion FCFA from BEAC financial market in Q3 of 2020

Concretely, this fundraising operation will take place in several phases. The first will take place from July 8 to 27, 2020. During this period, Cameroon wants to raise 50 billion...
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Ecobank Cameroon unveils cutting edge Innovation for better customer experience

Abunaw further explains that "the migration of our banking system brings more flexibility in the management of all our customers. For our Business and SME customers, we have updated OmniPlus...
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Gabon’s amended 2020 Finance law: Jean-Marie Ogandaga praises the social impetus of the authorities

According to the Minister of Economy, the main actions will be geared towards optimizing the operational capacities of the "Pr Gahouma" laboratory, with a capacity of 10,000 Covid-19 tests per...
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UBA Cameroon and Moneygram in a fruitful partnership

UBA and Moneygram use a high-level web application which permits clients to have their money a few minutes after the request is made. Consequently, transfers could be made to a...
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Chadian Customs acquire imagery platform to boost revenue security

Thanks to its technology which meets the international standards recommended by the World Customs Organization and its technical and financial partners, this platform is capable of "scanning in 3 minutes,...
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Congo launches Electronic tax payment system

This major project to modernize the tax system will make it possible to digitize and computerize all of the tax services so that checks and declarations are most easily carried...
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