African Export-Import Bank (Afreximbank) on Saturday in Cairo, Egypt, swore in George Elombi as the bank’s fourth President and Chairman of the Board of Directors, taking over from Benedict Oramah as head of the African multilateral trade finance institution. Formalised with an oath administered by Mr. Wale Edun, Chairman of the Annual General Meeting of...

Meeting on October 23, 2025, the Council of Ministers adopted a major draft decree transferring powers and resources from the State to local authorities. This decision aims to concretize local governance and provide local authorities with the necessary means to better meet the needs of the population. This commitment notably provides for the creation of...

The current operation concerns all households, businesses and small industries connected to Eneo’s low-voltage network, i.e. more than 600,000 of the company’s customers. From October 16 to December 31, 2025, Eneo customers in its Douala region will receive technical teams at their homes or places of business. The company responsible for distributing electricity in Cameroon...

The participation of Finance Minister Louis Paul Motaze and Economy Minister Alamine Ousmane Mey in the IMF Annual Meetings in Washington, D.C., from October 13 to 18, 2025, confirmed Cameroon’s credibility with its partners, while paving the way for a new cycle of cooperation based on the consolidation of reforms, fiscal sustainability, and productive investment....

The United Bank for Africa (UBA) has reaffirmed its commitment to developing the next generation of African leaders through its prestigious Graduate Management Accelerated Program (GMAP), an intensive six-month initiative aimed at strengthening the technical and leadership skills of young professionals.At a vibrant graduation ceremony, UBA executives celebrated the new class of graduates who successfully...

According to the October 2025 Regional Economic Outlook report, Gabon loses between 1.2% and 1.5% of its GDP through VAT exemptions, primarily in the oil, mining, and forestry sectors. The International Monetary Fund (IMF) warns of the impact of these tax breaks on the country’s ability to mobilize domestic resources and finance its public infrastructure,...

Faced with a growing demand for liquidity and the pressure on financing systems in the sub-region, the Bank of Central African States (BEAC) recently made an exceptional injection of 750 billion FCFA into banking circuits, during its latest call for tenders. This is the highest level recorded since 2019, up 50 billion CFA francs compared...

The National Electricity Transmission Company (Sonatrel), responsible for electricity transmission in Cameroon, is showing signs of weakness. To address this situation, the government plans to open this strategic sector to private capital. The initiative aims to stabilize power supply and modernize the country’s aging infrastructure. Cameroon’s electricity transmission landscape is on the verge of a...

For three years, the new CEO has been working to turn around a struggling company. Through bold reforms and proactive management, he has gradually restored confidence, improved drinking water supplies, and transformed the company’s landscape. September 30, 2025, marked the third anniversary of Dr. Blaise Moussa taking over as CEO of Cameroon Water Utilities (Camwater)....

On October 16, President Denis Sassou N’Guesso issued a decree appointing Maixent Raoul Ominga as Director General of the Société Nationale des Pétroles du Congo (SNPC) for a five-year term. Chartered accountant and in-house executive, Maixent Raoul Ominga, Director General of SNPC since February 28, 2018, has just been reappointed to this position by the...

UBA Leads African Economic Dialogue with New White Paper at IMF Meetings Africa’s leading global bank, United Bank for Africa (UBA) Plc, has once again demonstrated its commitment to driving sustainable growth and economic transformation on the continent with the official launch of its groundbreaking white paper, “Banking on Africa’s Future: Unlocking Capital and Partnerships...

A new wind is blowing through UNESCO. Egyptologist and former Egyptian minister, Khaled El-Enany, was designated on Monday, October 6th, to take the helm of the United Nations Educational, Scientific and Cultural Organization. This historic choice, in more ways than one, ushers in a new era for the institution. A Landslide Victory for a Man...

On October 4, 2025, the excellence and economic future of the African continent will take center stage at Africa Day, a prestigious event hosted at Sciences Po in Paris. More than just a conference, this day is set to be a strategic crossroads for youth and decision-makers, bringing together an array of influential figures who...

The former French president was found guilty of “criminal conspiracy” in the financing of his 2007 campaign. However, the court acquitted him of corruption and issued a deferred committal warrant with the sentence. Paris – A judicial thunderclap and a historic decision. After a sprawling investigation that lasted more than a decade, the Paris Criminal...

New York – In a powerful address to the United Nations General Assembly, Democratic Republic of Congo President Félix Tshisekedi made a solemn and urgent appeal: the international recognition of the ongoing tragedy in the east of his country as a “genocide.” Championing the principle of “Genocost,” the Congolese president used the global stage to...

Paris, September 22, 2025 (Cemac-eco.finance) — After nearly two years of negotiations, Canal+ has finalized its acquisition of MultiChoice, Africa’s largest pay-TV and streaming operator. The €2.5 billion deal creates a combined group with around 40 million subscribers across nearly 70 countries, cementing Canal+ as the continent’s pay-TV leader and reshaping the competitive landscape for...

Kinshasa, September 21, 2025 (Cemac-eco.Finance) – The Democratic Republic of Congo has eased restrictions on foreign labor, raising ceilings for expatriate workers across key industries. The reform, signed on August 5 by outgoing Employment Minister Ephraim Akwakwa, aligns labor rules with market realities and investor needs. Under the new decree, agriculture, mining, construction, and manufacturing...

The 14th edition of the Big Data & AI Paris conference, scheduled for October 1-2, 2025, at Paris Expo Porte de Versailles, is shaping up to be a major event for the tech ecosystem. This year, the conference will emphasize providing concrete support for Small and Medium-sized Enterprises (SMEs) by launching a dedicated zone, and...