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...
“The CUT is a unified structure of government bank accounts that provides an overview of its liquidity. Based on the principle of the cash unit, it consists of a bank account or a series of linked accounts from which the government makes all of its receipts and disbursements.
The taskforce initiated by the presidency on June 24, under the leadership of the general coordinator of presidential affairs, Noureddin Bongo Valentin, is currently reviewing Gabon's domestic debt amounting to more than 700 billion FCFA. At the beginning of October, the presidency announced that at least 241 billion FCFA out of 310 billion FCFA (ie...
The bank's proposals "relate to surety insurance, bank loans that can be guaranteed by insurers, guaranteed accounts, holdbacks and start-up advances. activities, among others .” Norbert Ngniwake explains, "each time an entrepreneur has won a contract, generally the Ministry of Finance gives him an advance of funds but to be sure that this contract will...
The authorities have been proactive in responding to the COVID-19 pandemic and are stepping up their efforts to contain the spread of the disease, boost health and social protection spending, and provide temporary support to affected businesses and households. In that regard, they adopted a series of measures including a revised budget with a larger...
"Electronic payment by Airtel Money makes it possible to reduce poverty, to modernize the means of payment, to facilitate financial inclusion and also the integration of populations through it. " Djibril Tobe, Managing Director of Airtel Chad says.
Representing the Minister of Finance who is also president of Gabac, Ndolenodji Alixe Naimbaye, said: "The fight against transnational crime helps protect the entire financial system, attract investment, promote economic prosperity and ensure protection of international trade."
