BDEAC lends Chad CFA 7 billion and issues CFA 10 billion letter of guarantee to Ecobank Congo
Wednesday, 30 November 2016 20:12
The board of directors of the Central African States Development Bank (BDEAC) met on November 29, 2016, in Brazzaville (Congo), with Abbas Mahamat Tolli presiding the session.
In regards to new loans to grant, the board approved additional loan of FCFA 7 billion to Chad for the Djemarya ruminants industrial operating complex.
The board also said it would issue a CFA 10 billion letter of guarantee to Ecobank Congo, to finance, partially, refined oil supplies from the Société Nationale des Pétroles du Congo (SNPC). “The letter of guarantee issued by the BDEAC will help cover the deficit in production of the Congolaise des Raffineries (CORAF), increase oil availability and support Congo’s economy, knowingly its transport, hospital, and industries sectors, as well improve livelihood of populations, the Bank said.
Sylvain Andzongo
Live News
-
Cabotage: Nigerian Shipowner Steps Up to Rival Global Giants
19:38
-
DRC: Kamoa-Kakula Copper Output Grows 31% in H1 2025
19:27
-
IMF Approves a Fresh $367 Million Disbursement for Ghana
19:09
-
AfCFTA Adjustment Fund Injects $10 Million into Telecel Global Services
18:11
-
Cameroon Raises Ownership in Sodecoton to 89% with CFA46 Billion Geocoton Buyout
15:56
-
Cameroon Sees Industrial Growth Dip Amid Hydrocarbon Recession
15:44
-
India Appoints S.R.H. Fahmi as New Ambassador to Togo
14:50
-
Togo Secures CFA1.2 bn Through Decentralized Cooperation Since 2020
12:57
-
Cameroon Projects 12.7% Drop in 2025 Oil and Gas Revenues
07:47
-
Togo Records Sharpest Drop in Regional Market Debt in H1 2025
07:36
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Nigerian Clarion Shipping West Africa Limited debuts vessel aimed to service the cabotage market in the country, and potentially beyond. • The move...
• Kamoa-Kakula, DRC's largest copper mine, boosts production by 31% to 245,127 tonnes in H1 2025, despite a temporary halt in operations in...
• The African Free Trade Area (AfCFTA) adjustment fund grants a $10 million loan to Telecel Global Services to boost digital connectivity and...
PAPSS launches platform performing direct currency conversion and fostering economic integration across Africa. The continent loses about $5...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...