Cameroon expects FCFA 6,345.1 billion budget in 2023, up 4.4% (official)

(Business in Cameroon) – According to the 2023 Finance Law of the State of Cameroon, of which Invest in Cameroon was able to obtain a copy, and which the parliamentarians are preparing to examine, the government proposes a balanced budget allocation in revenue and jobs equal to FCFA 6,345.1 billion. This endowment is up by … Read more

Afreximbank and government host the African creative industries fair from 25 to 27 November

(Ecofin Agency) – According to the OECD, creative industries generate 2.25 trillion dollars and 3% of world GDP per year. The sector employs 30 million people. However, 93% of these revenues are generated in Asia, Europe and North America. Africa and the Middle East generate only $ 58 billion according to UNESCO. In Côte d’Ivoire, … Read more

In three days, the Central African Republic sold more than 12 million Sango coins for approximately $ 1.2 million

(Agence Ecofin) – While Bitcoin and others are in the eye of the storm, the first sale of the Central African cryptocurrency is not arousing much enthusiasm. Of the 210 million Sango coins put on sale since Monday 25 July by the Central African Republic, 12.1 million have found buyers within three days, according to … Read more

The Central African Republic launches its “Sango” cryptocurrency and Africa’s first “zero-tax” crypto-hub.

(Agence Ecofin) – Despite the fears expressed by the IMF, the World Bank and the BEAC, Bangui continues its virtual currency project aimed at attracting investors and “tokenize” the country’s natural resources. The Central African president, Faustin Archange Touadéra (photo), announced on Sunday 3 July the official start of the construction site of his own … Read more