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covid-19

Credit to the Gabonese State drop by 22% in 2020

However, year-on-year, loans granted to the private sector increased by 2.9% to CFAF 1,132.6 billion in December 2020. They represented 70.9% of total loans against 67.9% in December 2020. This...
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African States Urged to accelerate the ratification of AfCFTA instruments

As of November 30, thirty-three countries out of fifty-five on the continent have been able to ratify and deposit the related instruments with the AfCFTA Commission, said the Nigerien head...
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Gabon strengthens COVID 19 response with 5 billion FCFA

This project aims to strengthen the health system, especially in the prevention, detection and management of cases, in accordance with Gabon's Covid-19 preparedness and response plan. It will also finance...
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What Chad can draw from the World Bank report on state of the economy and poverty in the time of COVID-19

Although the poverty rate has declined over the past fifteen years, it remains high in the country About 6.5 million Chadians (42% of the population) lived below the national poverty...
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IMF Executive Board Approves a US$ 156 million New Disbursement for Cameroon to Address the impact of the COVID-19 Pandemic

The authorities have been proactive in responding to the COVID-19 pandemic and are stepping up their efforts to contain the spread of the disease, boost health and social protection spending,...
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Gabon’s Oil and Gaz unveils post COVID 19 revival plan

"We took this opportunity to talk about the enthusiasm of operators in the sector before the declaration of the Covid-19 pandemic. Indeed, the adoption of the new Petroleum Code aroused...
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COVID 19 hits Gabon’s Insurance sector

According to operators in the sector, at the end of June 2020, the total commissions paid to intermediaries fell by 35% to 5.2 billion FCFA under the effect of the...
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Expert says CSR could be an important tool for managing Covid-19 in Congo

"Companies that already had a CSR policy in their governance had strategies that enabled them not to weaken their finances, their employees, and the environment in which their activities are...
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UBA registers 21% profit drop in 1st semester of 2020

Despite an increase in net banking income, United Bank for Africa had to cope with an increase in its personnel costs. A situation which seems to result from a certain...
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Gabon hinges Economic revival on PPP and investments

However, for the stimulus program to produce its effects, the government must ensure professional training and education, so that job creation benefits Gabonese; the development of small and medium-sized enterprises...
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ACONOQ adopts sanitary referral for Congo’s Hotel and Catering sector

According to the general manager of ACONOQ, Jean Jacques Ngoko Mouyabi, the health benchmark is part of the fight against the spread of the coronavirus in connection with the barrier...
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BEAC injects 600 billion FCFA into financial market

Indeed, the implementation of this operation is linked to the agreements concluded with the International Monetary Fund (IMF). "To benefit from this operation, the central bank asks the States, in...
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Coronavirus grips Congo Brazza’s economy, several sectors touched

A strong economic recession with a negative growth rate of between 10% and 7%, a sharp increase in unemployment, through the loss of jobs, especially in the formal sector, a...
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Chad suffers economic shocks from Covid 19 pandemic

Despite the dreaded disaster, the country's authorities have worked tirelessly to absorb the shock anyway. It is true that the measures taken have far-reaching effects on the labor market and...
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