Africa > Central Africa > Congo Brazzaville > Banking / Investment

Banking / Investment in Congo Brazzaville

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • French investment mission visits Congo

    FRANCE, 2014/05/25 A French investment mission from the Chamber of Commerce from the region of Paris-Ile has begun a visit to the Congolese capital, Brazzaville, to develop business ties with Congolese companies and institutions, Radio Congo reported on Thursday. The 13 companies which are visiting Congo offer services in various sectors particularly civil engineering and planning of public and private spaces, the building of equipment and materials for the treatment of waste and oil extraction. Other companies operate in the distribution of energy equipment, renewable energy, radio-communication and fiber optics. A business conference was held on Thursday in the Congolese capital.
  • South Korean firm to help Congo solve its drainage problems

    SOUTH KOREA, 2014/04/06 The Korean Environment Corporation (KECO) plans to help Congo find solutions to its drainage problems, according to a communique published here Thursday by the Congolese Energy and Hydraulic Ministry. A delegation of experts from the South Korean firm is currently visiting Congo to discuss with the Congolese government the strategic plan for the drainage projects to be launched in the country. 'The Korean firm has come to take stock of the work that will have to be carried out regarding the drainage system in Congo,' the Chief of the Korean team, Ick Hoon, said, next a conference with Congolese Energy and Hydraulic Minister Henri Ossebi.
  • Congolese government will spend over CFAF400 billion to expedite some 150 project

    CONGO BRAZZAVILLE, 2014/03/28 The Congolese government will spend over CFAF400 billion to expedite some 150 projects aimed at modernizing the Lekoumou area, located in the southwestern part of the country, ahead of festivities to celebrate the country’s 54th anniversary in August, official sources said on Wednesday. According to the Congolese Minister of Planning and Major Projects, Jean-Jacques Bouya, the all could be increased to CFAF500 billion to ensure the sustainable development of the town. Mr. Bouya has just visited Sibiti to monitor the evolution on going projects in the town.
  • AfDB will contribute 60 % of the total all while the Congolese government will contribute 40 %.

    CONGO BRAZZAVILLE, 2014/02/18 A Centre for education, training and learning is to be built in the Congolese capital, Brazzaville, at a cost of 935,777,435 FCFA (US$1.95 million), a government statement said Monday. The six-building centre, to be built with the framework of the project to support the socio-economic integration of disadvantaged groups, will be co-funded by the African Development Bank (AfDB) and the Congolese government.
  • Profits of Bank of Central African States down in 2012

    CONGO BRAZZAVILLE, 2013/05/19 Bank of Central African States - The Bank of Central African States (BEAC) made a profit of 17.951 billion CFAF last financial year, down by 5.192 billion CFAF on the 2011 figure, says an official statement issued on Friday in the Congolese capital, Brazzaville. The statement says that the sub-regional situation was the result of a good performance of the macro-economic situation within the Central African Economic and Monetary Community (CEMAC) over last year, with Gross Domestic Product (GDP) fixed at 6.6% as against 5.2% in 2011.