Page 28 - Monetary Community News Today

TODAY February 11, 2021 Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr Assah, who comes from the Central African Economic and Monetary Community region, is a national of Congo Brazzaville. His experience as a senior executive approaches 40 years and spans fields as diverse as investment and financial advisory, regional development, public private partnerships in emerging marke...

By Leoncio Amada NZE; Executive President of the African Energy Chamber (www.EnergyChamber.org) CEMAC Zone and CEO of Apex Industries SA When the International Monetary Fund (IMF)

PR Newswire / APO press release.

Ambassade dAllemagne - Libreville Ambassade dAllemagne au Togo Ambassade dItalie à Alger en Algérie Ambassade de Côte d´Ivoire en Espagne Ambassade de Djibouti à Washington, D.C., États-Unis Ambassade de France à Abidjan, Côte dIvoire Ambassade de France à Asmara, Erythrée Ambassade de France à Bissau, Guinée-Bissau Ambassade de France à Brazzaville, Congo Ambassade de France à Cotonou Ambassade de France à Dar es Salaam, Tanzanie Ambassade de France à Djibouti Ambassade de Fran...

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compared to H2 2019 with 329 deals in the period. Deal value fell by 17% to USD8.9 billion in the second half of 2020, compared to the same period in 2019...

January 29 2021 / Modified on January 29 2021 The export of Cameroonian timber to Vietnam conceals enormous environmental and fiscal abuses. According to a report published by two local non-governmental organisations (NGOs), these exchanges are marked by the illegal cutting of protected species and the issuing of false invoices. The loss of income due to this illegal flow is estimated at 58 million dollars, over the pe...

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery LISTEN JAN 29, 2021 Johannesburg, 28 January 2021 - Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compar...

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(Business in Cameroon) - The volume of unpaid community integration tax owed by members of the CEMAC community was estimated at XAF80 billion at end-2020. This was revealed on January 23 by Daniel Ona Ondo (photo), President of the CEMAC Commission, during his opening speech for the preparatory works at the 36 th meeting of the Ministers of Economy and Finance of the member States of this subregion (announced for January 27, 2021). The meeting will focus on the examination and adoption of th...

Fitch Ratings – London – 19 Jan 2021: Fitch Ratings has affirmed UBA Cameroon S.A’s (UBA CAM) Long-Term Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable. The Viability Rating (VR) has been affirmed at ‘b-‘. A full list of rating actions is below. KEY RATING DRIVERS IDRs AND SUPPORT RATING UBA CAM’s IDRs are driven by potential support from its parent bank, Nigeria’s United Bank for Africa Plc (UBA; B/Stable), in case of need. The Support Rating (SR) of ‘5’ indica...