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IMF warns against Excessive Tax Exceptions in Gabon

According to the October 2025 Regional Economic Outlook report, Gabon loses between 1.2% and 1.5% of its GDP through VAT exemptions, primarily in the oil, mining, and forestry sectors. The...
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CEMAC Banks to receive 750 Billion FCFA from BEAC this week

Faced with a growing demand for liquidity and the pressure on financing systems in the sub-region, the Bank of Central African States (BEAC) recently made an exceptional injection of 750...
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Government plans to open Electricity Transportation to private sector

The National Electricity Transmission Company (Sonatrel), responsible for electricity transmission in Cameroon, is showing signs of weakness. To address this situation, the government plans to open this strategic sector to...
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CAMWATER on the path to recovery under Blaise Moussa

For three years, the new CEO has been working to turn around a struggling company. Through bold reforms and proactive management, he has gradually restored confidence, improved drinking water supplies,...
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Maixent Raoul Ominga reappointed as head of Congo’s SNPC

On October 16, President Denis Sassou N’Guesso issued a decree appointing Maixent Raoul Ominga as Director General of the Société Nationale des Pétroles du Congo (SNPC) for a five-year term....
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Driving Africa’s Growth: UBA Launches Visionary White Paper on the Continent’s Next Frontier

UBA Leads African Economic Dialogue with New White Paper at IMF Meetings Africa’s leading global bank, United Bank for Africa (UBA) Plc, has once again demonstrated its commitment to driving...
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Africa Day 2025: The Architects of Africa’s Economy to Convene at Sciences Po

On October 4, 2025, the excellence and economic future of the African continent will take center stage at Africa Day, a prestigious event hosted at Sciences Po in Paris. More...
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15 Years of Africapitalism in Action: Executing Heirs Holdings’ Bold Vision for Africa

Heirs Holdings celebrates 15 years of impact, catalyzing transformation across Africa through strategic investments in critical sectors. The group has a $10.2 billion portfolio spanning 24 countries across four continents....
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UBA Group Chairman Tony Elumelu Champions Private Sector-Led Development at 2025 African Caucus in Central African Republic

Under the distinguished patronage of His Excellency Professor Faustin-Archange Touadéra, President of the Central African Republic, Mr. Tony O. Elumelu, Group Chairman of United Bank for Africa (UBA) and Founder of...
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Turkey Deepens Its Strategic Footprint in Africa

With $10 billion in exports to Africa during the first half of 2025, Turkey is rapidly expanding its influence on the continent—leveraging trade, diplomacy, security cooperation, and cultural engagement. Since...
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Zambia’s $1.1 Billion Refinery in Ndola: Bold Vision Meets Economic Uncertainty

Zambia is taking a major step toward energy independence with the announcement of a new $1.1 billion oil refinery in Ndola, a city in the country’s industrial heartland. The project...
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Africa at the Center: The Great Power Shift Reshaping the Continent

Africa is no longer just a development partner or emerging market—it has become a strategic battleground for global influence. China is moving beyond its traditional economic diplomacy to include military...
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UBA’s LEO becomes Africa’s first chatbot to enable cross-border payments

Group Head, Retail and Digital Banking, Shamsideen Fasola that enhanced security and confidentiality and wider options for remittance products are other benefits that customers stand to gain from the service....
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