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Congo: Denis Sassou-Nguesso declared winner of a disputed election

Provisional results confirm that Denis Sassou-Nguesso has been re-elected as Congo's president after Sunday's election. The provisional data communicated by the electoral commission simply gives 88.57% of the votes to the outgoing president. The election was contested and marked by the death of the opponent Kolélas, struck down by Covid....
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Congo forecasts a budget deficit of CFA 780 billion

In the wake of the sanitary shock caused by the Covid-19 pandemic and the fall in crude oil prices, the Council of Ministers in the Congo has approved an amending finance bill that records a budget deficit of 779.7 billion CFA francs ($1.3 billion) for this year. The previous budget...
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Congo A compromise concluded with its creditor Orion

In talks with several of its private creditors for months, the Congo has announced the conclusion of an agreement with the oil trader Orion, led by Congolese businessman Lucien Ebata. According to the terms disclosed, the agreement will result in a 30% haircut on the debt (161 billion CFA francs,...
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Republic of Congo: IMF approves Extended Credit Facility Agreement

The IMF's Executive Board approved a three-year agreement under the Extended Credit Facility for the Republic of Congo. The program aims to enable the Republic of Congo to restore debt sustainability and macroeconomic stability and return to economic growth necessary for its development. The agreement signed today with the IMF...
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Cofina arrive au Congo

La Compagnie Financière Africaine (Cofina), première institution africaine de mésofinance, -le "chaînon manquant" entre la microfinance et la banque traditionnelle-, vient de démarrer ses activités dans un sixième pays, le Congo Brazzaville après le Sénégal, la Guinée Conakry, la Côte d’Ivoire, le Gabon et le Mali. Cette nouvelle filiale en Afrique...
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RDC : La BIAC lance la carte Heyano MasterCard

La BIAC innove avec le lancement de la carte Heyano MasterCard, une carte de crédit prépayée. Développée avec MasterCard, le géant mondial de la monétique, la carte prépayée Heyano a pour cible les clients existants de la BIAC, mais aussi les citoyens de la République démocratique du Congo (RDC) qui...
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