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Finance

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Draft 2021 budget: Congo revises upwards its revenue forecasts

October 7, 2020By
During a Council of Ministers on October 5, the government intends to continue modernizing the tax administration, in particular through the generalization of the banking system for tax collection; broadening...
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World Bank presents two reports on Chad’s socio-economic situation

October 2, 2020By
The second report presented focuses on analyzes of fiscal and budgetary revenues, education and health, more specifically, the problem of equity and efficiency of health services and also of public...
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Financial authorities: Gabon administration and the unions are playing their game on bonuses

October 2, 2020By
The different parties had already agreed, concerning the first point, on the payment of this bonus on the basis of the hierarchy of personnel. Starting with the most fragile categories,...
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BEAC tightens conditions for transfers outside CEMAC

October 1, 2020By
In addition, the BEAC specifies, the commission rate to be charged by the Central Bank during transfers outside CEMAC on behalf of national treasuries and accountants, as well as all...
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Cameroon seeks loan to strengthen security in the CEMAC zone

September 30, 2020By
Commerzbank, which finances more than 30% of Germany’s foreign trade, is the second largest listed German banking group by capitalization behind Deutsche Bank.
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Gabon’s Public debt settled in the first half of 2020 stands at CFAF 832.3 billion

September 30, 2020By
As for the external debt, its settlement amounted to 635 billion CFA francs, an increase of 138.5%, and concerned international financial markets, multilateral, commercial and bilateral debt. The Sector Conjuncture...
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Congo unveils reformed tax system

September 30, 2020By
“The electronic invoicing system is very important for accounting, traceability and value added tax. It will be beneficial for the tax administration as well as for the taxpayers as well...
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Gabon: CFAF 2,688.9 billion in total balance sheet for banks

September 29, 2020By
According to figures from the Directorate-General for the Economy and Fiscal Policy collected from the Association of Professionals of Credit Institutions (Apec), the rate of coverage of loans by deposits...
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BEAC imposes a new tax on transfers of funds abroad

September 29, 2020By
Regarding transactions, on behalf of national treasuries and public accountants, as well as sub-participants in payment systems and means holding accounts in the books of the Central Bank, the commission...
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Congo’s Digital payment hub takes shape

September 24, 2020By
With a term of one year renewable by tacit agreement, the agreement aims to ensure the monitoring of electronic transactions carried out in the Republic of Congo by transfer, direct...
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AFD supported structure grants 38 million FCFA to 7 Chadian entrepreneurs

September 24, 2020By
Seven winners were thus selected by a panel of experts and were able to benefit from a total budget of 38 million CFA francs. This amount, without interest and without...
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Government levies VAT on Social media platforms

September 22, 2020By
To break it down, “when a company X based in Cameroon or under Cameroonian law buys advertising space from Google, once the invoice has been paid, Google is required to...
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Gabon’s Public debt rises by 4000 billion FCFA between 2009 – 2019

September 20, 2020By
“The IMF gives money to the government and people often expect these funds to improve their living conditions. They are wrong because the IMF does not invest to improve living...
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EOG loan 6.25% Net 2019-2024: Gabon pays 7.8 billion FCFA in interest

September 19, 2020By
During the borrowing operation, for the value "EOG 6.25% NET 2019-2024", Gabon had mobilized an envelope of 126 billion francs in the last quarter of 2019, whereas it did not...
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