In Yaoundé, April 2, 2025, the International Finance Corporation (IFC) and Afriland First Bank Cameroon announced an ambitious partnership aimed at facilitating access to financing for Cameroonian small and medium-sized enterprises (SMEs). This agreement, which provides substantial financial support, aims to stimulate private sector growth and encourage entrepreneurial innovation. As part of this collaboration, IFC...
A unique partnership has emerged between the Directorate General of Customs and the Cameroon Football Federation (FECAFOOT). The goal: to combat the fraudulent importation and circulation of products under FECAFOOT’s exclusive commercial rights. Signed for a period of three years, this agreement aims to establish strict measures to counter smuggling and preserve the integrity of...
Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, champions entrepreneurship as...
The 2025 edition of the Congo Energy & Investment Forum is scheduled for March 24-26 in Kintélé, the northern suburb of the Congolese capital. Organized by Energy Capital & Power in collaboration with the Ministry of Hydrocarbons, this event dedicated to oil and gas will bring together industrialists, experts, and policymakers. The Congo Energy and...
The Tony Elumelu Foundation (TEF) has unveiled a $15 million grant aimed at empowering 3,000 young entrepreneurs across 52 African countries as part of its 2025 entrepreneurship programme. The announcement was made in Abuja on Saturday, March 22, by the Foundation’s founder, Mr. Tony Elumelu, who is also the Chairman of Heirs Holdings, Transcorp, and...
Cameroon signed two financing agreements with the African Development Bank (AfDB) on March 19, 2025, for the reconstruction of the Ngaoundéré-Garoua road. Totaling 216 billion CFA francs, this financing aims to rehabilitate a strategic 242-km section linking Adamawa to the north of the country. The work, which will also include socioeconomic improvements, will begin in...
AFSIC – Investing in Africa allows companies raising capital the opportunity to connect with a variety of different investors including the top DFIs and private equity funds. While opportunities to network, pitch and be profiled on site are unmatched, African Investments works alongside AFSIC year-round to provide companies raising capital the support they need to...
Gabon and Equatorial Guinea are taking a new step in their energy cooperation. On March 20 , 2025, in Malabo, the two countries signed an electricity grid operating agreement, thus solidifying their commitment to strengthening subregional energy interconnection. This agreement, which follows the official commissioning of the infrastructure on February 22, 2025, aims to provide a stable electricity supply...
The Ad Hoc Committee of the Guided Trade Initiative (GTI) of the African Continental Free Trade Area (AfCFTA) in Cameroon met on March 20, 2025, at the headquarters of the National Shippers’ Council of Cameroon (CNCC) in Douala. Under the chairmanship of Mr. Auguste MBAPPE PENDA, Director General of the CNCC, the meeting was attended...
Dr. Samuel Munzele Maimbo, Zambia’s candidate for the African Development Bank (AfDB) presidency, has outlined his vision to Cameroonian authorities as part of his campaign. The current Vice President for Budget, Performance Review, and Strategic Planning at the World Bank met with Prime Minister Dr. Chief Joseph Dion Ngute and Minister of External Relations Mbella...
Gabon has disbursed nearly 18 billion CFA francs to clear its arrears with the World Bank, aiming to rebuild investor confidence and revive international funding opportunities. Gabon has taken a significant step in improving its public financial management, announcing on March 19, 2025, the payment of 17.9 billion CFA francs to settle its outstanding debt...
The Tony Elumelu Foundation (TEF) will announce the 2025 Cohort of its flagship TEF Entrepreneurship Programme on Saturday, March 22, at 10 AM. Since its launch, TEF has provided over $100 million in direct funding to African entrepreneurs, creating 1.5 million jobs and generating $4.2 billion in revenue. More than two million Africans have been...
The Africa Global Logistics (AGL) group announced on March 10 that its subsidiary Congo Terminal had signed a financing agreement of 150,880,000,000 CFA francs (230,000,000 euros) for the expansion of the container terminal at the Autonomous Port of Pointe-Noire (PAPN). The signing of the agreement was made possible thanks to a banking round led by...
A US fintech delegation, led by the US Ambassador, discussed with the Minister of Economy the expansion of financial inclusion through artificial intelligence and the digitalization of financial services. The executives of the American fintech Azamra, accompanied by the United States Ambassador to Cameroon, HE Christopher John Lamora, were received in audience on Wednesday, March...
This was part of the working visit made on March 15, 2025 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, to the port infrastructure.The Minister of State, Secretary General of the Presidency of the Republic (SGPR), Ferdinand Ngoh Ngoh, made an important working visit to the Autonomous...
The Cameroonian government and CAMINCO SA have signed a major mining agreement for the operation of the small Mborguene gold mine in the Eastern region. This agreement, which guarantees significant socio-economic benefits, provides for active state participation, job creation, and local development. This Friday, the Acting Minister of Mines, Industry and Technological Development, Professor Fuh...
Following an investment of five billion CFA francs in 2024, Africa Global Logistics (AGL) Cameroon is continuing to modernize its fleet with the acquisition of new reachstackers. This latest-generation equipment aims to optimize port operations and improve the country’s supply chain. The year 2025 begins with a focus on logistics reinforcement for Africa Global Logistics...
Meeting in Douala from March 11 to 14, 2025, the Directors general of taxes of the CEMAC member states, accompanied by IMF experts, are working on developing a joint roadmap to improve domestic resource mobilization. This is a crucial issue for the region’s economic stability and fiscal sovereignty. Faced with persistent economic challenges and low...
