According to Gatien Ondaye Obili, the head of the credit, capital market and bank control department at the central bank, the development of the Congolese financial market performance is linked to statutory reforms and the expansion of investment possibilities with a quality active.
“Comparisons between these two periods show an increase of 57.8% on onshore and offshore calls. Precisely, at the end of the 3rd quarter of 2019, the Port of Kribi had recorded 76 stopovers against 120 stopovers on behalf of the 3rd quarter of 2020 ”, says Philomène Nzameyo, in charge of for statistics at PAK.
The volume of undeclared activity in view of their turnover reached 11.4 billion FCFA in 2018 and 16.7 billion FCFA in 2019, for a total of 27.8 billion FCFA. On the non-repayment of the annual forestry royalty, the calculation of this variable made it possible to identify 75 forestry companies (out of 158 holding at...
"Communication credits are a commodity, a product or a service which is only used for telephone services and which, even if they have a market value, are not means of payment or currency", specifies the Governor of the BEAC, stressing that "they are created by companies that are not payment service providers authorized to issue...
This overweight is justified by the combination of several factors, in particular "the evolution of the exchange rate between the currencies of the two countries. The South African Rand over the period under review lost 15% of its value against the CFA. Which contributes to inflate the income when it is converted.”
However, the Minister of the Economy has been informed that several taxpayers are having difficulty applying the new rate of benefits in kind. "It comes back to me from the services of the General Directorate of Taxes (DGI) that many taxpayers encounter difficulties in applying this change in their management decisions," said Jean-Marie Ogandaga, in...
Nagoum Yamassoum warns the public about the risky nature of such investments and advises to remain cautious about offers from direct sellers promising guaranteed high returns. "Any entity or person engaging in public canvassing in order to make unregulated investments is liable to prosecution in accordance with the legal and regulatory provisions in force," warned...
Abebe Aemro Selassie, Director of the IMF's Africa department, noted that sub-Saharan Africa is currently facing an unprecedented health and economic crisis. “In just a few short months, this crisis jeopardized several years of hard-won development progress in the region, and disrupted the daily lives and livelihoods of millions of people,” said Mr. Aemro Selassie....
According to Chadian outlet, journal Economie, it is to cope with the effects of the health crisis linked to Covid-19 and the fall in oil prices that the BEAC decided on March 27, 2020, to "double" the amount (from 250 to 500 billion CFA francs) of liquidity granted weekly to banks. This sum is intended...
