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Finance

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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Cameroon Taxation Authorities mobilize 537 billion FCFA in the first quarter of 2020, an increase of CFAF 74 billion compared to 2019

The Covid-19 pandemic, which continues to wreak havoc around the world, has significantly disrupted the world economy in general and that of Cameroon in particular. Despite this precarious situation, the...
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Chad’s Finance boss defends Youth Entrepreneurship Fund law

The Finance and Budget Minister of Chad, Tahir Hamid Nguilin has defended at the National Assembly on Monday the new law establishing a fund for youth entrepreneurship, adopted unanimously by...
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Motaze downplays BEAC’s Devaluation hypothesis, insist CEMAC States are working hard to eradicate Coronavirus

According to the Minister of Finance of Cameroon, the CEMAC states are working to mitigate the effects of the coronavirus on monetary parity. “The risk that hung over our heads...
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Taxation boss in Cameroon salutes fiscal efforts to assist companies affected by Coronavirus

Cameroon’s Director General of Taxes says that measures taken by Government to contain Covid 19 come at a huge cost. Modeste Mopa Fatoing who spoke to the national daily Cameroon...
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Coronavirus to draw back Gabon’s economy by 0.2%

Coupled with other factors like falling commodity prices, the coronavirus will have a huge impact on the national economy. According to the government, national economic activity is expected to decline...
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Cameroonian group KPMO leaves the management of the Kribi Multipurpose Terminal on June 30, 2020

The Cameroonian group, KPMO, (made up of 9 companies from the port market including APM, TRANSIMEX AND SAPEM) responsible for the management of the multipurpose terminal of the Autonomous Port...
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Gabon to lose 700 billion of her budgetary revenue to covid-19

The Director General of Economy and Fiscal Policy has warned  that the Covid-19 pandemic will cause a loss of 700 billion CFA francs in state budget revenue in 2020. This...
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United Nations coughs out $12million to help the Central Africa Republic roll back covid-19

The United Nations has allocated $ 12 million from its Humanitarian Fund to support the multi-sectoral emergency response in the Central African Republic (CAR). This emergency financial allocation will also...
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Cameroon’s Finance Minister promises to put recent IMF to judicious use

On May 4, 2020, the Board of Directors of the International Monetary Fund (IMF) granted a new loan of CFAF 135 billion to Cameroon. Money that will be entirely devoted...
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CAR debt moratorium at the heart of discussions between Minister Dondra and international financial partners

The issue of temporary suspension of debt service for the poorest countries, including the Central African Republic through the G20, was at the heart of discussions this Wednesday, May 6,...
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Bekou Fund and EU reach out to the Central African Republic

The European Union and the states contributing to the Bêkou Fund – Germany, France, Italy, the Netherlands and Switzerland – adopted in April three new programs for resilience and recovery...
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