With a term of one year renewable by tacit agreement, the agreement aims to ensure the monitoring of electronic transactions carried out in the Republic of Congo by transfer, direct debit or remote payment. It defines, in fact, the conditions for hosting and managing the Digital Hub equipment installed within credit institutions.
Seven winners were thus selected by a panel of experts and were able to benefit from a total budget of 38 million CFA francs. This amount, without interest and without guarantee, is made available to entrepreneurs through the partnership with the Initiative France platform to help business creators. The funding must be repaid within five...
To break it down, “when a company X based in Cameroon or under Cameroonian law buys advertising space from Google, once the invoice has been paid, Google is required to withdraw 19.25% of the amount paid by the company. company to donate them to the State. This is also valid for the Cameroonian citizen Y...
“The IMF gives money to the government and people often expect these funds to improve their living conditions. They are wrong because the IMF does not invest to improve living conditions. When the state's accounts are in the red, the IMF finances its overdraft to bring the level down to zero in the hope that...
During the borrowing operation, for the value "EOG 6.25% NET 2019-2024", Gabon had mobilized an envelope of 126 billion francs in the last quarter of 2019, whereas it did not initially request than 100 billion francs. The amount sought by the Gabonese government has been increased with the authorization of the financial market regulator, after...
Among these are “the Debt Recovery Fund, Assinco SA, Bati Sarl, the Professional Insurance Company of Cameroon, but also Commercial Bank of Cameroon, Banque Atlantique du Cameroun, Financia Capital, Union Bank of Cameroon , and finally, City Bank Cameroon and Societe Generale Cameroon ”, we learned.
Speaking to reporters at the end of the meeting with the Head of Government, the Duval Group boss reiterated, “We have planned investments in Yaoundé and Douala. These operations are due to start in the next few months, ”the businessman said. And to add: "We also plan to develop in microfinance and insurance."
“For us, the main thing is first to preserve the jobs of SMEs. Then they must come so that we can find together the conditions for relaunching their activities, ”said Abakal Mahamat, Managing Director of BGFI Bank Cameroon after signing a memorandum of understanding with the Minister of Finance (MINFI). September 1, 2020.
The report also points out that this rate exceeds the convergence threshold of 70% of GDP in force in the Cemac zone, the Economic Community of Central African States (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad). The monetary institution still indicates that the country’s debt will be trending down. It is projected...
