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...

The expected funding of $8,371,060, or approximately 5 billion FCFA, is intended to reward Congo for its efforts in forest conservation and reduction of carbon emissions. This carbon credit should be distributed to designated beneficiaries, in accordance with the Benefit Sharing Plan. The amount of $8,371,060 corresponds to 1,674,212 tCO2 that the country was able...

AFSIC – Investing in Africa 2024 is more than an event—it’s a pivotal opportunity to connect with Africa-focused institutional investors. This year, we are thrilled to introduce our newly updated African Investments Dashboard, a cutting-edge digital platform designed to streamline and enhance your capital-raising efforts. AFSIC – Investing in Africa 2024 is not just an...

According to the said press release signed on August 1, 2024 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, the deposits and consignments made by the Cdec will continue in accordance with decree n°2011/105 of April 15, 2011. This update of the SGPR is a strict response...

This follows the transfer on September 10 of former employees of Glencore Company before the Westminster Court in London, according to a press release dated August 2, 2024 and signed by the CEO of SNH, Adolphe Moudiki. This is a new turn that the Glencore case is taking, at a time when the former president...

In an unprecedented turn of events, Uganda has etched its name in the annals of the 2024 Paris Olympics by clinching its first gold medal, all thanks to the phenomenal athlete, Joshua Cheptegei. Cheptegei, a celebrated figure in the world of athletics with a gold and silver medal to his name from the 2021 Tokyo...

After 64 years of independence, Burkina Faso is making a historic stride by inaugurating its first national bank, which will also serve as the central bank. This bold initiative is the brainchild of Captain Ibrahim Traoré, who has once again demonstrated visionary leadership. In addition, Burkina Faso has established a Treasury Deposit Service, signaling the...

In a press release made public on July 31, 2024, Louis Paul Motaze set the national opinion on the direction that will be given to the 550 million USD, or approximately 335 billion captured on the international capital market. According to the MINFI, the resources mobilized will make it possible to significantly continue the settlement...

Congo will have to make additional efforts in terms of extractive sector governance, before the next validation of the Extractive Industries Transparency Initiative (EITI) in April 2025. Corrective measures  include facilitating consistent supervision by the multi-stakeholder group of the process and regular decision-making. The EITI Board will assess Congo’s level of compliance with the 2023 standard during...