News

First Congolese bond issue launched in Pointe-Noire (Congo)

The official launching ceremony for the government bond issue, through a public offering by the Congolese government, was made on December 15, 2016 in Pointe-Noire by Calixte Nganongo, Minister of Finance, Budget and Public Portfolio in the presence of administrative officials of the public and private sector, companies, banks and the public.

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Congolese government launches a 150 Billion CFA Francs bond issue

Calixte Nganongo, Minister of Finance, Budget and Public Portfolio, launched on Thursday 15 December 2016 a bond issue through a public offering of 150 billion CFA francs through a mobilization of investors (Road show). Launched in Brazzaville, this operation will continue in Pointe-Noire. Open from December 15 to 23, 2016, a bond issue of 10.000 CFAF is remunerated at a net 6.5% the year.

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The World Bank co-funds new projects on education territorial development

On December 7 2016 in Brazzaville, Congo and the World Bank signed two funding agreements for the Brazzaville and Pointe Noire Urban Development and Restructuring Project and the Education Support Project. The documents were signed by Congolese Minister of Finance, Budget and Public Portfolio, Calixte Nganongo and the World Bank's Director of Operations for the Republic of the Congo, Ahmadou Moustapha Ndiaye.

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Minister Calixte Nganongo defends the bill on the creation of the African Monetary fund and the law on Africa 50

On 2 December 2016, the Senate adopted the bill authorizing the ratification of the protocol establishing the African Monetary Fund (AMF). Objective of the Fund: To establish an African sovereign financial institution, with a view of promoting macroeconomic stability and sustainable economic growth that will facilitate the effective integration of African economies.

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Presentation of the 2017 finance bill

Présentation du projet de loi de finances exercice 2017

The Minister of Finance, Budget and Public Portfolio successively presented the 2017 draft budget and finance bill to members of Parliament and senators on November 4, 2016. This bill comprises, on one hand, a general balanced budget in income and expenditure of 2729 Billion 329 Million CFA Francs, as against 3608 Billion 729 Million CFA Francs in 2016, a 24.37% decrease, and on the other hand, a balanced State budget In income and expenditure of 2744 Billion 77 Million CFA Francs, as against 3623 Billion CFA Francs in 2016, representing a decrease of 24.26%.

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Congolese Minister of Finance Calixte Nganongo visits Directorate General of Customs

In order to understand the working conditions of services under his command and after about four months at the helm of the Ministry of finance, budget and public portfolio, Calixte Nganongo, accompanied by members of his cabinet, on Thursday 1 September visited the Directorate of Customs and Indirect taxes in Brazzaville. This came after a similar visit some weeks ago to the Directorate General of Public Treasury.

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