The planned disbursement is the second of its kind under the Rapid Credit Facility (FCR). It is the result of lengthy talks between IMF staff and the Chadian authorities, aimed at helping Chad cope with the economic consequences posed by Covid-19.
On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states. The disbursement validated during the Board of Directors meeting on July 10, by videoconference, will make it possible to finance "13 major projects initiated by the countries concerned in the sectors of health, water...
On July 10, the sub-regional bank validated a disbursement of 155 billion CFA francs for the benefit of these 4 states, reveals Financial Afrik. The disbursement validated during the Board of Directors meeting on July 10, by videoconference, will make it possible to finance "13 major projects initiated by the countries concerned in the sectors...
GIMAC is announcing the commercialization of integral electronic payment services at the end of the pilot phase in which the CBC, BGFIBank Gabon, BICEC, UBA, MTN Cameroon, ORANGE Cameroon, CCEI Bank, NFC Bank and BSCA participated Bank, CCA BANK, Express Union, TERRAPAY, MAVIANCE, and during which more than one hundred thousand mobile transactions were successfully...
Indeed, the balance sheet for the financial year 2019 shows a net profit up 32%, or more than 15 billion FCFA against 11 billion FCFA in 2018. Better still, the total balance sheet stands at 459.8 billion FCFA, compared to 428.6 billion the previous year. "The general shareholders' meeting was pleased with the growing solidarity...
The government and local banks have agreed on loan mechanisms for young Chadian entrepreneurs. "Young project leaders will now be able to benefit from more flexibility and access to finance from our banks," Bichara Brahim Kossi, President of the Association of Professionals of Credit Institutions (APEC) in Chad said.
“We applaud the BEAC for listening to the private sector concerns and for adopting a pragmatic approach to foreign currency regulations in the wake of the ongoing crisis caused by the Covid-19 pandemic and the historic crash in oil prices. Such a move falls in line with the African Energy Chamber’s commonsense agenda to help...
The members of the Board of Directors also discussed the financial situation of the bank in the context of a health crisis due to the coronavirus. "The BDEAC is doing well," assured Fortunato Mbo Nchama. The bank's key indicators are on the rise, with a profit of 15.2 billion FCFA in 2019, against 11.5 billion...
The second agreement concerns the Global Environment Facility (GEF). It is valued at 5.3 million US dollars or about 4 billion CFA francs. It supports the Reinforcement of Resilience to Food and Nutrition Insecurity in the Sahel (P2RS) Project, which is currently underway. P2RS covers all the member countries of CILSS. It will contribute to...
