At the end of December 2023, it was 3,305.79 carats, or half the quantity recorded last year.6,219.81 carats of diamonds were produced in 2024 in Cameroon: This figure was revealed on January 16, 2025 in Yaounde during a budget session of the Kimberly Process Certification Scheme (KPCS). The meeting was chaired by the Acting Minister of Mines,...
The International Finance Corporation (IFC), a member of the World Bank Group (WB), organized “IFC Day” on January 14 in Brazzaville, an event that brought together private sector players, government officials and development partners. The objective of the meeting was to discuss the challenges and opportunities of priority sectors for the country’s development, in particular...
The Board of Directors of the Africa Development Bank Group ( AfDB ), approved on December 13, 2024 in Abidjan, Côte d’Ivoire, a loan of 318.24 million Euros (more than 209 billion FCFA) to Cameroon to implement the fourth phase of the Transport Sector Support Program (Past4). This is within the framework of the reconstruction of the Douala-N’Djamena-Ngaoundéré-Garoua...
The Tony Elumelu Foundation (TEF), Africa’s leading champion of entrepreneurship, is pleased to announce that applications for its 2025 Entrepreneurship Programmes are now open. Aspiring and existing entrepreneurs from across Africa are invited to apply for a chance to receive world-class training, expert mentoring, and non-refundable seed capital funding to scale their businesses. Programmes Open...
Gabon will host the first-ever Global Gateway Investment Forum on January 30, 2025. This event, organized under the auspices of the European Union (EU), aims to promote transformative investments that can stimulate sustainable development in the country and within the sub-region. Economic actors from the public and private sectors, donors, development financial institutions (DFIs), banks...
The Ministry of Economy’s Sectoral Outlook Note, devoted to the months of July, August and September, analyzes the performance of the cash crop agriculture sector. In this part of the Gabonese economy, palm plantations have weighed down this segment. As for wet rubber production, it improved by 18.5% in the third quarter of 2024. The...
Louis Paul Motaze, Minister of Finance , is the new Chairman of the Board of Directors of the Development Bank of Central African States ( BDEAC), at the same time Chairman of the General Assembly of the said institution. He replaces in this position, the Chadian Tahir Hamid Ngulin, Minister of State, Minister of Finance, Budget, Economy...
United Bank for Africa (UBA) has announced the appointment of Joseph ABENA as Regional Marketing and Communication Director for the CEMAC region. This choice demonstrates the group’s confidence in its local talents and its desire to assert its presence in this strategic area. UBA Group, a major player in the African banking sector, has started...
In Libreville, the President of the Gabonese Transition, Brice Clotaire Oligui Nguema, welcomed a delegation of Egyptian businessmen as part of a partnership aimed at boosting investments. The Nkok Special Investment Zone and other strategic sectors are at the heart of this new era of cooperation between Libreville and Cairo. The President of the Transition,...
