The members of the Central African Power Pool (CAPP) management committee examined, on August 16, the Strategic Business Plan (SBP) document for the period 2025-2028. Through this roadmap with a budget estimated at 18.6 billion euros, the CAPP intends to accelerate the implementation of regional electrification projects and the electricity market as well as the...
The vibrant banking landscape of Africa is revealed in the latest 2024 ranking of the top 30 African banks. From the southern tip in South Africa to the northern reaches of the Maghreb, and extending into Sub-Saharan Africa, these financial powerhouses are driving the continent’s economy. Unveiling the financial giants of Africa, we present the...
In the latest update of the world’s most powerful passports, Singapore takes the lead while France remains a strong contender. Here’s a look at the top 10 passports offering the greatest travel freedom. In the realm of international travel, the ease of crossing borders can greatly depend on one’s nationality. To gauge the strength of...
On behalf of the Gabonese State, the Minister of Energy and Water Resources, Jeannot Kalima, received, on August 12, an additional batch of generators intended to increase the energy supply in the hinterland. This donation of 8 devices is to be credited to the international group Arise IIP and is part of its Corporate Social...
The privately-owned bank provided this information in its recent activity report, which also indicates the significant impact of the digitalization of its services as a lever for its performance. Up 20.1% compared to 2022, the creation of 43,679 new accounts was made possible thanks to the digitalization of services observed within this banking establishment. According...
With a public debt rate estimated at 96% of the Gross Domestic Product (GDP), Congo is still classified as over-indebted by the World Bank (WB). Getting out of over-indebtedness would require a strengthening of debt servicing, administrative procedures and audits. Fiscal and debt sustainability are key priorities for the Congolese government in the short term,...
The recovery of the Congolese economy continues with a growth rate of the gross domestic product (GDP) estimated at 3.5% this year, against 1.9% in 2023. Congo can count on the performance of the oil sector but the situation remains volatile, warns the World Bank (WB). The positive growth curve is progressing mainly thanks to...
he regional meetings ended on July 19, across the national territory. The meetings aimed, among other things, at the effectiveness of the interventions carried out on the national road network with an emphasis on the coherence between the actions to be carried out during the year 2025, the needs identified, the priority axes and the...
The African Development Bank (AfDB), through the African Natural Resources Management and Investment Center, is organizing, this August 14, a virtual workshop to validate six diagnostic reports of the multi-country project on the governance of natural resource outflows for better economic resilience in fragile and transition countries (Gonat). The reporting process was subject to three...
From August 15 to 19, Libreville will host the first Independence Trade Fair, an event organized by the Ministry of Commerce, SMEs-SMIs, through its General Directorate of Commerce (DGC). Placed under the theme “The promotion of local know-how and development of trade”, this initiative is part of a dynamic of promoting local products and strengthening...
As the curtain falls on the 2024 Paris Olympics, the world reflects on a spectacle of human achievement and unity. The African continent, with a delegation of over a thousand athletes, shone brightly, securing a total of 39 medals. The Kenyan team, led by the indomitable Eliud Kipchoge in marathon and Faith Kipyegon in middle-distance running, captured 11 medals, including 4 golds,...
In a bid to alleviate the financial burden on its citizens and counter the high cost of living, the Government of the Democratic Republic of Congo (DRC) has recently announced a series of significant measures. These initiatives underscore the urgency of implementing concrete solutions to mitigate the impact on consumers. Christophe Lutondula Abala, Minister of...
In the annals of athletics, the 2024 Paris Olympics will forever be remembered as the event where Letsile Tebogo, a young sprinter from Botswana, shattered records and expectations to become the first African athlete to clinch the gold medal in the 200 meters race. On the memorable day of August 8, 2024, the Stade de...
A few weeks after the Head of State entrusted him with the management of the general directorates of customs and taxes, the Minister of the Budget, Public Accounts and Public Portfolio, Ludovic Ngatsé, made his first visit to these two main financial authorities on August 8, to encourage them to maximize revenue and replenish the...
Signed by its general manager, Christophe Avognon, the call for competition covers three components, namely civil engineering, electromechanics and finally the line and post market.As part of the implementation of this project, the KHPC press release created on September 25, 2023 indicates that the deadline for the admissibility of files is set for September 6,...
The United Nations Development Programme (UNDP), in partnership with the Italian G7 Presidency, will launch a pilot project aimed at accelerating African start-ups specialising in artificial intelligence (AI) for sustainable development. The pilot program aims to foster innovation and partnerships in data, compute and talent, the three critical pillars that underpin local AI ecosystems in...
The recent liquidity offer reveals a significant gap between the amount provided (120 billion CFA francs) and the demand (511 billion CFA francs) expressed by the banks of the Economic and Monetary Community of Central Africa (CEMAC). However, the liquidity injection operations carried out regularly by the Bank of Central African States (BEAC) have contributed to financing...
On Monday, August 5, around the Deputy Prime Minister of the Transition, the Steering Committee responsible for preparing the China-Africa Forum (FOCAC) of September 2024 met to examine the summary document formulated for this purpose by the Technical Committee composed of various experts from sectoral ministries. Gabon sees this forum as an opportunity to strengthen...
