For Alamine Ousmane Mey, President of the 2020 African Caucus of the World Bank Group and the IMF, “hosting the African Caucus meeting on Covid-19 confirms the commitment of African governments to implement programs on crisis and prevention in an effective and efficient manner, so that they can fully recover from the pandemic ”.
Both facilities will be repaid from an allocation of 30,000 barrels per day of NPDC’s crude oil. UBA has a strong track record in the resources sector across Africa, having facilitated oil prepayment deals with the NNPC, including its 2013 $100 million participation in the PXF Funding Limited transaction, and a further $60 million in...
The most recent result of the process of cleaning up the state file is "the abolition of the technical premium paid twice to certain health workers. An irregularity which led to unduly paying this bonus of 2400 FCFA for 18 years to 4490 public health officials. The related financial impact is of the order of...
According to the report of the Extraordinary Council of Ministers, the amending finance law is intended to be realistic and aims to provide adapted but strong responses to the socio-economic, health and security situation that the country is going through.
Businesses would, therefore, have to exchange their dollar-denominated income for francs, which would incur exchange costs and expose them to currency fluctuations. In addition, since the financing of oil companies is generally in dollars, the new rules could put them in a situation of violating loan agreements.
The first results of the work are satisfactory ten days after the start of the work in committees, estimated the Director General of taxes and estates, Ludovic Itoua. “The tax officials have done a good job which is almost at an end. They are currently in plenary to present the results of their work carried...
For Issa DOUBRAGNE, Minister of Economy, Development Planning and International Cooperation, these donations, which are added to the panoply of donations made by the ADB group, testify to the excellence of the cooperation between Chad and the Pan-African institution.
The Congolese government intends to continue implementing the reforms initiated a few years ago, as part of the implementation of the agreement reached with the International Monetary Fund (IMF).
Faced with these fluctuations, the Congolese government decided in April to revise its budget forecasts by half, by putting in place mechanisms to restore budgetary balances. According to the Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya, these measures go in the direction of ensuring the sustainability of public revenues.
