Established by the 2025 Finance Bill, the Fee on electronic money issues (mobile money, bank cards, etc.) will no longer be levied at 5% on each transaction. Faced with the outcry caused by the announcement of this new tax, the authorities have decided to divide it by 10. The announcement of the institution of the...

Oil barrel prices remain volatile due to the drop in demand in major markets (China, United States) and the persistence of geopolitical tensions. The main players in the national market met on October 9 in Brazzaville to set prices for Congolese crudes, in particular Djeno Blend and Nkossa Blend, for the third quarter of 2024. ...

As the BRICS nations prepare for their summit in Kazan, Russia, the inclusion of ten new member countries is poised to reshape the global economic landscape. The upcoming BRICS summit, scheduled to take place in Kazan, Russia, from October 22 to 24, 2024, is set to be a landmark event in international affairs. The gathering...

In the CEMAC zone, the regulation on the organization and operation of the Central African market, adopted on July 18, 2024 and made public on October 2, 2024, gave rise to a new pricing applicable to the Central African Financial Market Supervisoy Commission CONSUMAF and to the persons, structures or organizations subject to its control. This new grid...

Meeting on October 4, 2024 in Douala the Assa-ac Council of Ministers once again focused on the operationalization of its 2025 vision, the objective of which is to make CEMAC , ”  an integrated and emerging economic space, where security, solidarity and good governance reign, in the service of human development”.  At the same time, the Council looked at the...

The Douala Agency of the Bank of Central African States BEAC the economic capital of Cameroon is launching an operation to exchange banknotes for coins. This operation mainly concerns pharmacies, supermarkets, department stores, bakeries and business owners.   According to the BEAC Agency in Douala, the exchange of banknotes into coins will take place every Monday, Tuesday...

There was excitement around digital technology from the first day of the FrancoTech Show, which took place on October 3 and 4 at Station F in Paris. Between the stroll of the President of the French Republic, Emmanuel Macron, in the presence of Louise Mushikiwabo, Secretary General of the International Organization of La Francophonie, and...

The Ministry of Mining Industries and Geology organized in Brazzaville, in partnership with the United Nations Development Program (UNDP), a training and awareness-raising workshop for 25 small-scale artisanal mining entities on the process of formalizing small and medium-sized enterprises in the Republic of Congo. Participants were made aware of national tools for promoting their work. The...

Africa’s Global Bank, United Bank for Africa (UBA) has appointed Fonda Fred Fonda as Chief Finance Officer (CFO) for Africa, where he will oversee the bank’s subsidiaries in Central, West, East, and Southern Africa. Before his appointment, he served as CFO for UBA Cameroon.  Fonda is a Chartered Certified Accountant (ACCA) by profession with several years...