Editorial

The first edition of the African Summit of Banking and Finance of the CEMAC Region organised in Brazzaville on 25th and 26th January 2024 aims to bring together the actors of the sector : the world of fintech , regulatory institutions , public and private decision makers, funders , startups, experts and the media to discuss the themes that will allow a globalised financial inclusion and economic and social development of Africa.

The BEAC report on monetary policy published in September 2023 reveals the medium term economic outlook in the CEMAC region . In view of the exceptional global economic conditions that have prevailed since the outbreak of the war between Russia and’Ukraine and after the Covid 19 pandemic, activity is expected to grow by an average of 3.0% in 2024, 3.8% in 2025 and 2.9% in 2026, with a good performance of the non-oil sector.

The other macroeconomic accounts will see an improvement in the excess of the budgetary balance which would be on average around 1.7% of GDP in 2023 and 2.5% over the period 2024-2026. The current account external balance is forecast to deteriorate as a percentage of GDP at -1.5% in 2024, – 0.9% in 2025 and – 2.7% in 2026, after six consecutive years of surplus balance. Finally, there will be a significant, increase in the money supply of 6.8 % between 2024 and 2026.

The AFBDS Summit includes a prestigious Gala

evening that will honor the great leaders of financial banking and fintech world in the CEMAC region. Six Trophies will be presented to the winners during the Awards ceremony : See our website : www.afbds.com. We will be delighted to welcome you on the 25th and 26th January 2024 in Brazzaville for an exceptional first edition of the AFBDS.

Judicaëlle OKEMBA

Summit General Commissioner