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cemac

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Congo adopts Financial reforms for the next decade

August 10, 2020By
According to the Minister Delegate in charge of the Budget, Ludovic Ngatsé, the global strategy for piloting the 2020-2029 public finance reforms reflects the government's will. "This dynamic of reforms,...
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35th Session of the Ministerial Council of UEAC ongoing in Yaounde today

August 10, 2020By
This Council, which is held the day after the Inter-State Committee organized in Yaoundé on August 4, 2020, will allow the Ministers of Economy and Finance of CEMAC member States...
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CEMAC in search of 2400 billion FCFA for sub regional integration

August 7, 2020By
From twelve projects initially for an investment estimated at 2820 billion FCFA, the Steering Committee (Copil) of Pref-Cemac has revised its ambitions downwards, thus reducing the number of these projects...
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2020 World Bank – IMF Annual meetings: African Caucus in concertation

August 6, 2020By
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...
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UEAC member states meet to roll back COVID 19 Economic shocks

August 5, 2020By
Although one can not yet determine the duration of this health crisis, GDP in the CEMAC zone is expected to contract by around 4 to 6%. Such a development would...
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Elimination of roaming charges planned from January 2021 in the CEMAC sub region

July 20, 2020By
To give a boost to the integration process, CEMAC also intends to rely on telecommunications. “It would be wise for CEMAC member states not to miss the deadline of January...
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GIMACPAY, the converged card, mobile and transfer ecosystem now a reality

July 14, 2020By
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...
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African Energy Chamber Salutes BEAC’s Authorization to Open Foreign Currency-labelled Escrow Accounts

July 13, 2020By
“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...
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BEAC report reveals a 14.9% drop in CEMAC exports

July 11, 2020By
"A sharp drop, especially since the previous quarter, exports had increased by 2.1%, oil has contributed more than 88.3% to the overall evolution, while the contribution of agricultural products was...
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Distance Banking in Gabon: “BGFI Cash Management”, an innovative solution for businesses

July 8, 2020By
With a single access code, customers can independently and easily access a wide range of basic services and innovative features. Among these, the daily management and monitoring of their accounts....
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Cameroon to raise 110 billion FCFA from BEAC financial market in Q3 of 2020

July 8, 2020By
Concretely, this fundraising operation will take place in several phases. The first will take place from July 8 to 27, 2020. During this period, Cameroon wants to raise 50 billion...
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Chad seals 54 billion FCFA accord to improve electricity supply

June 30, 2020By
According to the Minister of Economy and Development Planning, Issa Doubragne, the Cameroon-Chad interconnection line is one of the flagship projects selected in the energy master plan of the CEMAC...
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CEMAC economic recession could hit 6% according to BEAC

June 29, 2020By
According to the central scenario, an economic recession of 5.9% is forecast, a slight inflationary rise to 2.5%, that is to say below the Community standard which is 3%, a...
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HPS Boss Prosper Sugewe births financial rating agency in Cameroon

June 29, 2020By
Until this first agency obtains an approval from the Central African Financial Market Supervisory Commission (COSUMAF), the CEO of HPS International Consulting SA has engaged in consultations to select experts...
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