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12th Statutory Plenary of GABAC in Brazzaville

Saturday September 30, 2023 in Brazzaville, Jean-Baptiste Ondaye, Minister of Economy and Finance of the Republic of Congo and current President of the Action Group against Money Laundering in Central Africa (GABAC), sponsored the work of the 12th Statutory Plenary of the said Group. In the presence, in particular, of his peers in charge of Finance, Justice and Security of the member countries of the Central African Economic and Monetary Community (CEMAC) and the Democratic Republic of Congo (DRC), member country associate, as well as the Permanent Secretary of GABAC, the Congolese André Kanga.

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19th Plenary of the GABAC Technical Commission in Brazzaville

Jean-Baptiste Ondaye, Minister of Economy and Finance of Congo-Brazzaville and current President of the Action Group against Money Laundering in Central Africa (GABAC), opened, Friday September 29, 2023 in Brazzaville, the work of the 19th Plenary of the Technical Commission of the said Group. In the presence of André Kanga, Permanent Secretary of this institution of the Central African Economic and Monetary Community (CEMAC).

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Board of Directors of the Bank of Central African States (BEAC)

According to the press release, on the economic and financial situation of the member states of the Central African Economic and Monetary Community (CEMAC) in 2023 and the short-term outlook, the situation of foreign exchange reserves and the update on repatriation currencies, it appears that “in a context of slowdown in global economic activity and persistence of inflationary pressures, the Board of Directors has taken note of the risks weighing on the economic prospects of CEMAC. He urged member states and the BEAC to continue reforms aimed at strengthening the potential growth of the Zone and bringing inflation below the community standard of 3%.

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Congo/China cooperation

The Congolese government, through its Minister of Economy and Finance, Jean-Baptiste Ondaye, received, Friday September 22, 2023, a strong Chinese delegation, led by Gu Shu, President of the Agricultural Bank of China. The interview focused mainly on the development of the activities of the Sino-Congolese Bank for Africa (BSCA-Bank).

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Ordinary session of the EITI-Congo National Committee

The Congolese Minister of Economy and Finance, Jean-Baptiste Ondaye, President of the Executive Committee of the National Committee of the Initiative for Transparency in the Extractive Industries of the Republic of Congo (CN-ITIE-Congo), opened the work of the ordinary session of this structure, held Friday September 22, 2023 in Brazzaville. In the presence of his colleague in charge of Hydrocarbons, Bruno Jean Richard Itoua, and the Permanent Secretary of the said Committee, Florent Michel Okoko.

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Financial inclusion

The Minister of Economy and Finance, Jean-Baptiste Ondaye, inaugurated the BSCA-Bank branch in Poto Poto (3rd district of Brazzaville) on Friday September 22, 2023. In the presence of the Chairman of the Board of Directors of the Agricultural Bank of China, Gu Shu, and the General Director of BSCA-Bank (Banque Sino Congolaise pour l'Afrique), Wang Shenghong. This ceremony was marked by the unveiling of the inaugural plaque and the cutting of the symbolic ribbon. The construction of this building cost 987 million FCFA, for all the work, and provides support to the City Center agency.

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Potash exploitation agreement

Friday August 18, 2023, in the large room of the Ministry of Economy and Finance, in Brazzaville, the Congolese government signed an Agreement for the mining of potash ore from the Kanga deposit, with the companies KANGA POTASH and its subsidiary Congolese law SEPK S.A.

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Closing of the Workshop to validate Strategy and budgetary programming documents

Friday August 11, 2023, at the Kintélé International Conference Center (north of Brazzaville), the Prime Minister, Head of Government, Anatole Collinet Makosso, closed the work of the Validation Workshop of Strategy and budgetary programming documents, on behalf of the Ministry of Economy and Finance.

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Validation workshop for Strategy and budgetary programming documents of the Ministry of Economy and Finance

Jean-Baptiste Ondaye, Congolese Minister of Economy and Finance, opened, Wednesday August 9, 2023 in Kintélé (locality in the District of Ignié, 15 km north of Brazzaville), the work of the Validation Workshop strategy and budgetary programming documents of the said Ministry. In the presence of several of his fellow members of the Government. Among the expected results is the formulation of new paradigms generated by Results-Based Management (RBM) in “Budget-Program” mode.

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National Development Plan (PND) 2022-2026

Tuesday August 8, 2023, in the meeting room of his cabinet, in Brazzaville, the Minister of Economy and Finance, Jean-Baptiste Ondaye, on behalf of the Government, signed with the leaders of commercial banks established in the Republic of Congo, the Memorandum of Understanding relating to the establishment of a new coordination framework for the financing of public investment projects, included in the National Development Plan (PND) 2022-2026, the monitoring and control of the implementation of said projects.

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