On May 5, 2025, Henri-Claude Oyima, a leading figure in Central African finance and Chairman of the Board of Directors of BGFIBank Cameroon, was appointed Minister of State for the Economy, Finance, Debt, Equity Investments, and the Fight Against the High Cost of Living in Gabon. This strategic appointment illustrates the new regime’s commitment to...
The President of the Republic of Gabon, His Excellency, General Brice Clotaire Oligui Nguema, has conferred the nation’s prestigious national honours – the Commander in the National Order of Gabonese Merit – on the Group Chairman, United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu. The distinguished award...
The Gabonese Republic has entered a transformative phase with the establishment of its Fifth Republic, marked by the inauguration of General Brice Clotaire Oligui Nguema on May 3, 2025. Just two days after his swearing-in, the president appointed his first government, a diverse team reflecting his commitment to reshaping public administration following the transition initiated...
The possible election of a Black pope would be far more than a religious decision—it would mark a rupture with centuries of tradition, reflect the evolving nature of Catholicism, and introduce major geopolitical and cultural implications. As the world watches closely, the impact of such a momentous choice could shape the future of the Church...
This year, the Cannes Film Festival shines a spotlight on Africa’s cinematic brilliance, showcasing compelling films that captivate audiences with their powerful storytelling and unique perspectives. From the jury members to the anticipated stars, here’s everything to know about Africa’s growing presence at the festival. African Cinema in the Cannes Spotlight The Cannes Film Festival...
A historic investment agreement in the agro-industrial sector was signed in Bangui on April 15, 2025. Estimated at $1.2 billion, this project, led by the Indian group Mahasakthi, will process sugarcane and cassava on 30,000 hectares, with strong involvement of local planters and the creation of more than 100,000 direct jobs. The Central African Republic...
Gathered in Douala for the 17th meeting of the PR-PICA, cotton industry stakeholders from eight African countries discussed the threats facing cotton growing on the continent. Together, they identified ways to build a more resilient, sustainable, and competitive sector while supporting producers. From April 8 to 11, Douala hosted the 17th review meeting of the...
An ambitious socioeconomic development project is underway in Cameroon’s Southwest region, with the construction of essential infrastructure designed to improve the living conditions of the communities living along the Cross River Bridge. European Union funding of 16.4 billion CFA francs is intended to support this initiative, which promises a significant transformation in the region. The...
The National Investment Commission (CNI) held its first annual ordinary session on April 12 in Brazzaville. After reviewing the applications submitted for approval, it granted final approvals to nine companies, representing a potential investment of more than 530 billion CFA francs. For its first session in 2025, chaired by the Chief of Staff of the...
Endorsed by the Steering Committee at its second session, chaired by Louis Paul Motaze, Cameroon’s Minister of Finance. The plan, approved on April 11, 2025, in Yaoundé, should enable Cameroon to continue its efforts to strengthen budgetary credibility and the State’s budgetary and accounting information. Proposed by the Project Management Unit (PMU) coordinated by Sophie...
The 10th edition of the Cacao & Coffee Festival closed in style on Saturday, April 12, 2025, at the Yaoundé City Hall esplanade. Chaired by the Minister of Trade, Luc Magloire Mbarga Atangana, the closing ceremony highlighted Cameroon’s challenges and ambitions for better promotion of cocoa and coffee, in the presence of leading national and...
At the National Workshop on Import Substitution, the Ministry of SMEs and the Cameroon National Shippers’ Council (CNCC) reaffirmed their commitment to promoting “Made in Cameroon.” For two days, nearly 250 economic stakeholders, decision-makers, and experts debated strategies to accelerate this economic transition, which is essential to the country’s industrial sovereignty. Cameroon has taken a...
Despite a high rate of adoption of the digital platform for filing personal income tax (IRPP), tax revenue remains below forecasts. Finance Minister Louis Paul Motaze presented a mixed initial assessment to the National Assembly, calling for continued optimization efforts. Finance Minister Louis Paul Motaze revealed on April 4 that the tax administration had collected...
As part of the public sector reform, the President of the Republic, Paul Biya, appointed the members of the Board of Directors of the National Investment Company (SNI) on April 8, 2025, which recently became a publicly-owned company. This decision is part of the profound transformation of the country’s institutional fabric . The National Investment Corporation...
Sundance Resources has faced Cameroon’s categorical refusal to enter into financial negotiations afer failing to bring to fruition the Mbalam Nabab. The government is now favoring other partners for the exploitation of the precious mineral. The history of the Mbalam-Nabeba mining project began in 2006 when Sundance Resources announced the acquisition of a 100% stake...
Mrs. Terri L. Batch, a dynamic leader and international advocate, will take the stage at the BUSINESS EXCLUSIVE NETWORK, organized by Lorene Christelle Adibeyi at Los Angeles, California, to connect Africa and America in fostering groundbreaking business collaborations. From her innovative leadership at Global LA to her pioneering contributions at the U.S. Department of Commerce,...
Former Nigerian President Olusegun Obasanjo, now a businessman, plans to expand his OABL consortium into various key sectors of the Cameroonian economy. Agriculture is at the top of the list, with the expansion of his farm to 610 hectares to grow corn and soybeans to feed his livestock. The group also plans to invest in...
Starting April 5, 2025, a new range of coins will enter circulation in the six countries of the Central African Economic and Monetary Community (CEMAC). Officially unveiled on April 2 in Bangui, these coins, including a new 200 CFA franc denomination, aim to alleviate currency shortages and combat the illegal export of old coins. The...
