Due to underperformance in exports and imports, inflation is estimated at 2.8% this year, down from 1.8% a year earlier. The money supply in circulation will fall by 14.1% due to the sharp drop in its external counterpart, namely its net foreign assets. The currency coverage rate will decline by around 26%, but will still...
It is a system which allows "not only the taxpayer to fully control his taxpayer expenses without going to the competent administrations for follow-ups, but it also provides you with secure, automatic and authenticated statements of all tax and non-tax transactions. . This represents a considerable time saving while providing you with a module of...
In the same document, we learn that the Head of State has just ordered the release of 15 billion FCFA for the benefit of CAMAIR-CO. Money that will be used to send for maintenance one of the Boeing 737-700 NG; the acquisition of two Dash Bombardier Q400 aircraft, better suited to short-haul routes; and the...
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.
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