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Economy

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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BEAC Launches Regional Banking Institute to Strengthen Financial Expertise in Central Africa

The Bank of Central African States (BEAC) has announced the creation of a regional banking institute aimed at boosting training and expertise for financial professionals across the CEMAC region. This...
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United Bank for Africa Hosts Global Leaders at UNGA 2025, Launches Whitepaper on Unlocking Africa’s Potential.

Africa’s Global Bank, United Bank for Africa (UBA) Plc is set to make a bold statement on the global stage as it will be gathering world leaders, policymakers, and investors...
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Ethiopia Unveils the Grand Renaissance Dam: A Defining Moment for Africa’s Economic Future

On September 9, 2025, Ethiopia entered a new era. After fourteen years of determination and $5 billion in investment, Addis Ababa officially inaugurated the Grand Ethiopian Renaissance Dam (GERD) in the Benishangul-Gumuz...
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Shaping Africa’s Financial Future: Afreximbank’s Bold Global Ambition

Africa’s future depends on bold financial institutions. With solid ratings, robust assets, and global recognition, Afreximbank is positioning itself as the bridge between emerging potential and world-class credibility. In a...
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AFSIC 2025: London Hosts Africa’s Premier Investment Event

London, October 14–15, 2025 – Africa will take center stage at the upcoming AFSIC – Investing in Africa 2025, widely regarded as the leading global forum dedicated to driving investment...
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Verdant Capital: Microfinance as a Strategic Driver in Africa’s Evolving Economy

As Africa undergoes rapid economic transformation, Verdant Capital emerges as a key player in inclusive finance. With a footprint spanning over 25 African countries, the firm is leveraging microfinance and...
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DRC: Central Bank Injects $50 Million into Banking Market to Support Congolese Franc

In an effort to stabilize the Congolese franc, the Central Bank of Congo (BCC) has recently announced the sale of $50 million to the country’s commercial banks. This operation, executed...
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Kigali Innovation City: Rwanda’s Bid to Rival Africa’s Leading Tech Hubs

Thirty years ago, Rwanda emerged from one of the darkest chapters in its history. Today, the country is determined to position itself as a major player in the knowledge economy...
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Gabon: Rising At-Risk Debt Puts Pressure on Banking Sector Health

In 2024, the volume of bank loans classified as at risk surged to CFAF 205 billion, according to the African Development Bank. This nearly 20% year-on-year increase pushed the ratio...
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DRC: $700 Million to Turn Lake Kivu Gas into Energy

A U.S. company is injecting $700 million into an ambitious project to harness methane gas from Lake Kivu. The goal: generate hundreds of megawatts of electricity, reduce environmental risks, and...
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