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Paul Biya orders Deposit and Consignment Fund to continue takeover of abandoned assets

According to the said press release signed on August 1, 2024 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, the deposits and...
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COBAC Meeting – CEMAC Bankers evaluate performance Indicators

The work of the thirteenth annual consultation meeting of the Central African Banking Commission (COBAC) with finance professionals opened on July 18 in the Congolese capital. Participants will attempt to...
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COBAC stops Cameroon transfer of ”Sleeping Funds” to Deposit and Consignment Fund CDEC

Cold snap on the process of transferring funds and assets assigned to the Caisse des Dépôts et Consignations (Cdec) of Cameroon. While the institution has already collected several billion CFA...
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Equatorial Guinea implements Economic changes for a sustainable future

"After the recent crisis, it is estimated that our Gross Domestic Product would fall by about 6% in 2020, compared to an initial forecast of a 1.6% drop. In a...
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Equatorial Guinea’s National Bank given permission to operate in Cameroon

"The aforementioned authorization is granted to the company BANGE Bank Cameroon SA to practice in the banking sector, in strict compliance with the laws and regulations in force", specifies the...
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COBAC validates zero weighting on OTAs in the State of Cameroon

The country has complied with Community regulatory requirements for securing the reimbursement of these securities. The President of the Central African Banking Commission COBAC, also Governor of the Bank of...
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