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NEWS

BEAC envisages Economic recovery in the CEMAC zone

Thus, for this year, the Monetary Policy Committee of the Bank of Central African States predicts, in particular, a real gross domestic product (GDP) growth rate of 1.%, against -2.1%...
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Credit to the Gabonese State drop by 22% in 2020

However, year-on-year, loans granted to the private sector increased by 2.9% to CFAF 1,132.6 billion in December 2020. They represented 70.9% of total loans against 67.9% in December 2020. This...
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147 Congolese Enterprises to benefit from 1.3 billion FCFA

According to the Minister of SMEs, craftsmanship and the informal sector, Yvonne Adelaide Mougany, the goal has been achieved, that of engaging entrepreneurial culture among young people and women. All...
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BEAC launches Control Operation against Illicit Capital flight

The Bank thus hopes to get its hands on the operators who are at the origin of the current account deficit observed during fiscal year 2020. If the exact figures...
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G20 grants Chad Debt Moratorium

According to Agence France Presse, to date, 46 countries out of the 73 eligible, have requested and obtained a postponement of the payment of interest, for an amount of 5.7...
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DRC’s Extractive sector at the heart of the country’s GDP

In figures, this economic growth was only 1.7%, whereas it had crossed 4.4% in 2019. This low growth rate was possible with the performance recorded on the mining site in...
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First phase of the Yaounde Douala Motorway to be operational in November 2021

On the first 40 km of the motorway, it rolls easily. All that remains is the installation of 2 toll booths. In the last section, there is grain to grind....
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CEMAC Commission head hails Gabon’s Log policy

According to Prof. Daniel Ona Ondo, chairman of the Commission of the Economic and Monetary Community of Central African States (CEMAC), the measure taken by Ali Bongo banning the export...
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Single Payment Window earns Congolese Treasury 40 billion FCFA

To secure and maximize state revenue, the Ministry of Finance and Budget has set up the Single Payment Window (GUP) for the collection of taxes. Within one month of operation,...
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Gabon’s Trade volume fall by 5.5% in 2020

During the official first contact meeting, the new FAO resident representative wanted to reassure the Congolese side of its willingness to realise priority projects. The fight against poverty and food...
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