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Finance

Cameroon to lose 300 billion FCFA of petroleum revenue due to Covid 19

"If I take the case of oil, we have made our 2020 finance law on an assumption of a barrel at 54.4 dollars. There we are at less than 30...
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Why CEMAC Businesses are sidelining the Stock Exchange market?

The opacity in their management fueled by the eternal conflict between on the one hand their social and political functions and on the other hand, their economic missions, makes them...
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Franc CFA: Central Africa is still thinking

The “reasonable” deadline fixed at CEMAC and BEAC by the Heads of state of the sub-region to propose a reform plan for the common currency is clearly not yet exhausted....
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COBAC validates zero weighting on OTAs in the State of Cameroon

The country has complied with Community regulatory requirements for securing the reimbursement of these securities. The President of the Central African Banking Commission COBAC, also Governor of the Bank of...
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French Development Agency coughs out 6.5 billion FCFA for covid-19 response in Cameroon

The grant contract was signed on May 18 between the Minister of the Economy, Planning and Regional Development and the French Development Agency, as part of the development and debt...
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CEMAC foreign reserves generated 13 billion FCFA interest in 2019

This represents an increase of 35% compared to those generated at the end of 2018 (9.5 billion FCFA). The reserves of the countries of the Economic and Monetary Community of...
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Cameroon fixes modalities for the suspension of fiscal controls in enterprises

In a circular signed on May 13, the Minister of Finance, Louis Paul Motaze, set the terms of the government measure suspending, for the second quarter, accounting audits within Cameroon...
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Effective payment of PIP 2nd quarter 2015 underway in Gabon

The Ministry of Economy and Finance reports on the effectiveness of payment of arrears for the second quarter of 2015 of the Performance Incentive Bonus (PIP) of health personnel. More...
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Transit rights on the Chad-Cameroon pipeline generated more than 36 billion FCFA for Cameroon in 2019

This information comes from the National Hydrocarbons Company (SNH). The National hydrocarbon company recently released the figures for profits made by Cameroon in the context of transit rights on the...
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Franc CFA reform: Changes, Statusquo and Unknowns

The French government announced on May 20, having finalized the bill ratifying the agreement signed on December 21, 2019 between France and the member countries of the West African Monetary...
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French Development Agency coughs out 6.5 billion FCFA for Covid 19 response in Cameroon

The grant contract was signed on May 18 between the Minister of the Economy, Planning and Regional Development and the French Development Agency, as part of the development and debt...
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BEAC retracts after dangling Devaluation axe on member states

The governor of the Bank of Central African States has assured the public  that the health crisis caused by covid-19 has not affected the level of foreign exchange reserves. “The...
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Cameroon to raise 335 billion FCFA from Treasury Bonds between April and June 2020

The various operations for the issue of public securities, planned on the BEAC market, relate to an overall envelope of 335 billion FCFA. “The 2nd quarter of 2020 of the...
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800 Billion FCFA loss in Cameroon’s economy due to Coronavirus

The information is from the Minister of Finance, Louis Paul Motaze, who revealed it during a press conference organized in concert with the Minister of Communication René Emmanuel Sadi, Wednesday...
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