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Finance

UEAC evaluates 2021 budget at over 89 billion FCFA

In the same vein, the president of the CEMAC Commission, Daniel Ona Ondo, declared that: “this tax has suffered a big backlash in relation to the health crisis, with an...
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CEMAC countries called to pay their dues

It should be noted that the TCI is considered to be the main source of funding for the Cémac budget. It concerns 1% of the taxable value of imports of...
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Cameroon Customs to raise more than 75 billion FCFA in January 2021

Forecasts for Sector South II amount to 11 billion FCFA, while Coastal Sector II is expected to pay out to 7 billion FCFA. 1 billion is the expected revenue for...
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Gabonese Tax officials unveil fiscal plans to Cameroonian businessmen

"The delegation mandated by the Gabonese state thus seized the opportunity to provide investors, in particular Treasury Securities Specialists (SVTs) and local institutional investors, with the schedule of securities issues...
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0.50% excluding tax now applied for transfers out of CEMAC beyond 5 million FCFA

"The rate of the commission to be charged by the Central Bank during the execution of outgoing transfers outside Cemac on behalf of authorized intermediaries is set at 0.5% excluding...
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Congolese Economic operators express dissatisfaction with the payment mechanism of Domestic debt

"Following the payment of part of the domestic commercial debt of the 179 companies audited and validated for 2014-2015-2016, it is important that our union take stock and analyze the...
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Cameroon Government launches 2021 Budget Execution

The 2021 budget is being carried out in a context marked by the health crisis linked to Covid-19 but also the security crises in the Far North, North West and...
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BDEAC loans 15 billion FCFA to Gabon to fight coronavirus

This funding was intended, among other things, to equip public hospitals. In addition, the hearing between the president of the BDEAC and Rose Christiane Ossouka mainly aimed to take stock...
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Cameroon Finance Ministry outlaws cash payment of Taxes

The Minister also establishes the electronic payment as a mode of compulsory payment of taxes and duties for large companies falling within the portfolio of the management of large companies....
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Gabon debt rate explodes

After a downward trend over the period 2016-2019, Gabon's debt ratio experienced a resurgence in 2020. According to the latest "Note of analysis on Gabon's debt", Ali Bongo's country recorded...
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BDEAC collected 106.8 billion FCFA following the raising of bonds

The mobilization of subscribers was remarkable, with more than 82.4% participation for banks, 7.7% for insurance companies, 5.6% for individuals, pension funds just over 1 , 9% of the total...
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Gabon plans to bring public debts to below 70% of PIB

According to the Ministry of the Economy, after a downward trend over the period 2016-2019, the debt ratio is again on the rise. This "debt strategy aimed at economic recovery...
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New Tax provisions of Chad’s 2021 State Budget

Under the support and economic recovery, it is proposed to provide a tax incentive for companies operating in the fields of agriculture, livestock, renewable energies; VAT exemption on fertilizers, pesticides...
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Chad benefits from 15 billion FCFA World Bank support for post-COVID 19 revival

With these $ 15 million, the project is expected to benefit around 365,000 people in the provinces of Mandoul and Moyen-Chari, through the rehabilitation of around 400 km of roads...
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