October 19, 2025

Finance

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The IMF headquarters

Central African Republic Receives 15.2 Billion CFA Francs in Swift Aid from IMF

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Central African Republic Receives 15.2 Billion CFA Francs in Swift Aid from IMF The International Monetary Fund (IMF) has recently approved an immediate disbursement for the Central African Republic (CAR), signalling strong support for the country’s economic outlook and reform agenda. This move comes as a significant boost for the CAR, which has been working…

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Signing of contract between the Cameroonian and Togolese parties

Togolese Ceco SA Secures 37.1 Billion Deal to Construct Southern Cameroon Road

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Togolese Ceco SA Secures 37.1 Billion Deal to Construct Southern Cameroon Road Cameroon’s Infrastructure Development: A Road to Progress In a significant move to bolster its infrastructure, the Cameroonian government has embarked on a substantial project to construct a new road in the southern region of the country. This initiative, with a budget of 37.1…

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CEMAC Bank Lending Jumps 7% Despite Central Bank Tightening

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CEMAC Bank Lending Jumps 7% Despite Central Bank Tightening CEMAC bank lending defied expectations, rising 7% year-on-year to CFA10,586 billion in the first quarter (Q1) of 2024. This comes against the backdrop of a tightening monetary policy stance by the central bank, BEAC. The increase suggests a continued demand for credit from businesses and consumers…

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Forgery Scandal Hits BEAC: Ebibeyin Agency at the Epicenter of Counterfeit Controversy 2024.

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Forgery Scandal Hits BEAC: Ebibeyin Agency at the Epicenter of Counterfeit Controversy 2024 The Central African Economic and Monetary Community (CEMAC) has been shaken by a scandal involving the BEAC agency in Ebibeyin, Equatorial Guinea. A counterfeit banknote operation has been uncovered, implicating several high-ranking officials, including the Commissioner of Ebibeyin and the head of…

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Glencore says it bribed SNH and Sonara with CFA 7billion

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Glencore says it bribed SNH and Sonara with CFA 7billion (Business in Cameroon) – The U.S. Department of Justice and the UK Serious Fraud Office announced last May 24 that the Anglo-Swiss multinational Glencore pleaded guilty to bribes in several countries, including Cameroon. “Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6 million…

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Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024

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Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024 The Cameroon Humanitarian Response Plan 2024: A Comprehensive Strategy for Aid and Resilience In 2024, Cameroon faces a significant humanitarian challenge, with 3.4 million people in need of assistance due to ongoing conflicts, climate shocks, and disease outbreaks. The Cameroon Humanitarian Response Plan…

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Gabon Secures 91 Billion CFA Franc Loan from BIRD for Digital and Statistical Advancement

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Gabon Secures 91 Billion CFA Franc Loan from BIRD for Digital and Statistical Advancement In a significant economic development, Gabon is set to secure a loan of 91 billion CFA francs from the International Development Association (IDA), a part of the World Bank Group known as BIRD in French. This move is aimed at financing…

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Leadership Shift: Georges Fotso Spearheads ASCA Asset Management

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Leadership Shift: Georges Fotso Spearheads ASCA Asset Management The financial landscape of Cameroon has witnessed a significant development with Georges James Ndzutue Fotso taking the helm of ASCA Asset Management. This move marks a pivotal moment for the asset management firm, which is a franchise of the Attijariwafa bank group, responsible for portfolio management within…

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Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief

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Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief Cameroon’s Commitment to Economic Recovery: A 35 Billion CFA Franc Allocation In a significant move to bolster economic recovery in areas impacted by various challenges, the Cameroonian government has earmarked a substantial sum of 35 billion CFA francs. This allocation is a testament…

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Cameroon’s 2024 Budget Amendment: A Strategic Financial Adjustment increases to 7,278.1 billion CFA francs

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Cameroon’s 2024 Budget Amendment: A Strategic Financial Adjustment Increases to 7,278.1 billion CFA francs In a significant move to bolster its economic strategy, Cameroon has revised its 2024 state budget, marking an increase to 7,278.1 billion CFA francs. This adjustment reflects an 8% increase from the initial budget, representing a strategic step by the government…

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