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NEWS

Congo and IMF wrap up a deal for the transfer of funds

“The outcome of the discussions with the IMF is favorable to the disbursement of the second tranche of financing and perhaps the lifting of the others. hanging files. In fact,...
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Gabon’s Mine School sets road-map for operations with Government

"Before this Council, it was a question of making the tour of the owner, that we understand the stakes given that the school takes a sub-regional vocation. There are both...
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CEMAC: 5.49% increase in Treasury securities issues in the first quarter of 2020

“During this quarter, the Public Treasuries of Gabon, Chad and Cameroon were the most active on the market, with issues representing respectively 33.43%, 19.89% and 19.42% of the total. resources...
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2020 World Bank – IMF Annual meetings: African Caucus in concertation

For Alamine Ousmane Mey, President of the 2020 African Caucus of the World Bank Group and the IMF, “hosting the African Caucus meeting on Covid-19 confirms the commitment of African...
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Central African States to fine-tune second round of programs with the IMF

This draft emergency plan contains three categories of measures: the first is structurally linked to the economic and financial reforms underway. The second category concerns the production impetus that the...
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UEAC member states meet to roll back COVID 19 Economic shocks

Although one can not yet determine the duration of this health crisis, GDP in the CEMAC zone is expected to contract by around 4 to 6%. Such a development would...
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United Bank for Africa Provides $200 Million for Nigeria’s Petroleum Industry – Timely Financing for Post COVID Economic Growth

Both facilities will be repaid from an allocation of 30,000 barrels per day of NPDC’s crude oil. UBA has a strong track record in the resources sector across Africa, having...
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Cameroon reaps more than 40 billion FCFA from cleaning State payroll

The most recent result of the process of cleaning up the state file is "the abolition of the technical premium paid twice to certain health workers. An irregularity which led...
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Chadian Government adopts amended 2020 Finance bill

According to the report of the Extraordinary Council of Ministers, the amending finance law is intended to be realistic and aims to provide adapted but strong responses to the socio-economic,...
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Congo’s Post & Telecom boss promises to regulate the sector

“The authorities wanted to turn postal checks into a bank, which is not conducive to the growth of the current post office. It was this separation between the financial service...
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Equatorial Guinea holds discussions with African Energy Chamber and updates on energy developments during Covid-19

The Chamber commends the development of gas, as LNG stands to be a game-changer in the local, regional and international energy markets. It also puts Equatorial Guinea in line with...
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ACONOQ adopts sanitary referral for Congo’s Hotel and Catering sector

According to the general manager of ACONOQ, Jean Jacques Ngoko Mouyabi, the health benchmark is part of the fight against the spread of the coronavirus in connection with the barrier...
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New BEAC currency regulation could hamper Gabon’s investment plans

Businesses would, therefore, have to exchange their dollar-denominated income for francs, which would incur exchange costs and expose them to currency fluctuations. In addition, since the financing of oil companies...
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Congo’s General Tax Code prescribes need to introduce tax incentives for investment

The first results of the work are satisfactory ten days after the start of the work in committees, estimated the Director General of taxes and estates, Ludovic Itoua. “The tax...
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