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Brazzavile hosts General Asembly of African Economic and Social Councils

On October 8 in Brazzaville, Prime Minister Anatole Collinet Makosso chaired the opening ceremony of the annual general assembly of the Union of Economic and Social Councils and Similar Institutions of Africa (Ucesa) , coupled with the Conference on “environmental issues and sustainable development in Africa .” The stakes being, among others, the examination of the activity report, the draft strategic...

UBA Group recapitalization opens opportunities for Cameroonian investors

The United Bank for Africa, UBA, is in the process of recapitalization which gives investors across the globe and Cameroon in particular where it has a strong hold chance to reap big. The Bank is said to have already  tabled  its application for the recapitalization process at the  Security and Exchange Commission, SEC. The approval...

Gabon reduces Tax on Electronic Transactions following Popular pressure

Established by the 2025 Finance Bill, the Fee on electronic money issues (mobile money, bank cards, etc.) will no longer be levied at 5% on each transaction. Faced with the outcry caused by the announcement of this new tax, the authorities have decided to divide it by 10. The announcement of the institution of the...

Crude prices to be Adjusted in Congo

Oil barrel prices remain volatile due to the drop in demand in major markets (China, United States) and the persistence of geopolitical tensions. The main players in the national market met on October 9 in Brazzaville to set prices for Congolese crudes, in particular Djeno Blend and Nkossa Blend, for the third quarter of 2024. ...

BRICS Summit 2024 in Russia: Transforming Global Dynamics

As the BRICS nations prepare for their summit in Kazan, Russia, the inclusion of ten new member countries is poised to reshape the global economic landscape. The upcoming BRICS summit, scheduled to take place in Kazan, Russia, from October 22 to 24, 2024, is set to be a landmark event in international affairs. The gathering...

CONSUMAF releases new Tarrifs for Funding operations in the CEMAC Zone

In the CEMAC zone, the regulation on the organization and operation of the Central African market, adopted on July 18, 2024 and made public on October 2, 2024, gave rise to a new pricing applicable to the Central African Financial Market Supervisoy Commission CONSUMAF and to the persons, structures or organizations subject to its control. This new grid...