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The planned disbursement is the second of its kind under the Rapid Credit Facility (FCR). It is the result of lengthy talks between IMF staff and the Chadian authorities, aimed...

InEconomy, Featured, NEWS

Increase in imported drinks imminent in Gabon

July 16, 2020ByLa Rédaction

"Take the case of a bottle of wine that a Gabonese importer bought in France for 500 CFA francs. After the calculation of transport, customs, excise duties and port taxes,...

InEconomy, Featured, NEWS

CAMTEL launches largest Data Centre in Central Africa

July 16, 2020ByPeter Nsoesie

According to Judith Yah Sunday, Director General of CAMTEL, this storage centre is one of the "flagship projects of the second part of CAMTEL's national Broadband Network program. It fills...

Incooperation, Economy, Featured, NEWS

AfDB releases Central African Economic Outlook Report today

July 16, 2020ByPeter Nsoesie

One of the AfDB's flagship publications, this report provides an overview of the economies of Central Africa through a regional approach to development. The theme of the third and new...

Incooperation, Economy, Featured, Finance, NEWS

BDEAC allocates 155 billion FCFA to Chad, Congo, Cameroon and Gabon

July 15, 2020ByLa Rédaction

On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states. The disbursement validated during the Board of Directors meeting...

InEconomy, Featured, NEWS

Cameroon to inject 98 billion FCFA to stimulate local industrial sector

July 15, 2020ByPeter Nsoesie

The budgetary envelope will also be used by government to strengthening the governance of artisan production units and the system for verifying and checking standards on imported and local products,...

Incooperation, Economy, Featured, Finance, NEWS

Chad’s Finance Minister lauds satisfactory execution of the Budget

July 15, 2020ByLa Rédaction

On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states, reveals Financial Afrik. The disbursement validated during the Board...

Incooperation, Economy, Featured, Finance, NEWS

GIMACPAY, the converged card, mobile and transfer ecosystem now a reality

July 14, 2020ByLa Rédaction

GIMAC is announcing the commercialization of integral electronic payment services at the end of the pilot phase in which the CBC, BGFIBank Gabon, BICEC, UBA, MTN Cameroon, ORANGE Cameroon, CCEI...

Incooperation, Economy, Featured, Finance, NEWS

Two new shareholders join the capital of BDEAC as Dondra heads institution’s Governing Body

July 14, 2020ByPeter Nsoesie

Indeed, the balance sheet for the financial year 2019 shows a net profit up 32%, or more than 15 billion FCFA against 11 billion FCFA in 2018. Better still, the...

InCompanies, cooperation, Economy, Featured, NEWS

COMILOG, first company in Gabon for 2020

July 14, 2020ByLa Rédaction

t is the Ogooué Mining Company (Comilog), which achieved a turnover of 741 billion FCFA in 2018. The company led by Léod-Paul Batolo jumped nine places compared to to 2019,...

InEconomy, Featured, Finance, NEWS

Chad’s 30 billion FCFA youth entrepreneurship fund operational

July 13, 2020ByLa Rédaction

The government and local banks have agreed on loan mechanisms for young Chadian entrepreneurs. "Young project leaders will now be able to benefit from more flexibility and access to finance...

Incooperation, Economy, Featured, NEWS

Covid-19: Africa’s economic growth estimated at 3% in 2021

July 13, 2020ByLa Rédaction

Hanan Morsy, Director of the AfDB's Macroeconomic Policy, Forecasting and Research Department, says the Africa Economic Outlook 2020 Supplement shows that for the first time in half a century, Africa...

Incooperation, Economy, Featured, Finance, NEWS

African Energy Chamber Salutes BEAC’s Authorization to Open Foreign Currency-labelled Escrow Accounts

July 13, 2020ByPeter Nsoesie

“We applaud the BEAC for listening to the private sector concerns and for adopting a pragmatic approach to foreign currency regulations in the wake of the ongoing crisis caused by...

InCEO, cooperation, Economy, Featured, NEWS

Jules Ngankam named Head of African Guarantee Fund

July 12, 2020ByPeter Nsoesie

About his career, Jules Ngankam has "more than 15 years of experience in the field of banking and financial services within leading financial institutions", writes our colleague. Before joining the...