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Finance

Port of Brazzaville gets new Management

Appointed by the Council of Ministers on December 18, 2024, the new Director General of the Autonomous Port of Brazzaville and Secondary Ports, Séraphin Mouendzi, and his deputy Lionel Daniel...
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Gabon to host Global Investment Forum

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...
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In Gabon, the palm harvest falls by 9.6% in the 3rd quarter of 2024

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...
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Louis Paul Motaze named Board Chair of BDEAC

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...
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Joseph Dion Ngute lays foundation stone for ambitious Kribi Steel Plant

Cameroon and Congo are embarking on an ambitious steel project in Kribi, aiming to generate 50 billion CFA francs in financial benefits. Led by the Bestway Finance consortium, this complex...
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Joseph Abena appointed as UBA CEMAC Chief

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...
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Oligui Nguema receives Egyptian Business Delegation

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...
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Prime Minister opens Youpwe Fish Market and Landing Stage

Surrounded by all the notables, economic and political elites of the Western region, the Prime Minister proceeded with the official opening of this infrastructure intended for the development of economic...
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Gabonese Authorities map out Strategies for Effective Management of the State Budget

State budget management was at the center of a government seminar this Monday, December 23 in Libreville. Chaired by the Prime Minister of the Transition, Raymond Ndong Sima, these discussions...
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Sub Regional Growth Consolidated despite Economic shocks

The Central Bank is counting on a consolidation of growth in the Economic and Monetary Community of Central Africa (CEMAC) to 2.7% in 2024 against 2% in 2023. At the sub-regional...
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Gabon to boost Technological Innovation in 2025

In order to reduce its dependence on this matter, Gabon plans to create a digital and industrial technology park in 2025 that will produce its own equipment. A fundraising campaign...
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Cameroon secures 400 thousand hectares of land to promote Import-Substitution

To address Cameroon’s high food dependence on imports, the government has launched a vast land security project covering 400,000 hectares on the Yoko-Lena-Tibati corridor. The aim is to stimulate local...
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SONARA plans to construct a Hydrocracking Unit in its Rehabilitation plan

The SONARA rehabilitation project, which was severely affected by the 2019 fire, is entering a new phase. The Cameroonian government, with the support of the IMF, is examining the feasibility...
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BEAC increases Liquidity for Banks in the CEMAC zone

Faced with renewed interest from commercial banks in refinancing operations, the Bank of Central African States (BEAC) increased its liquidity offer to 220 billion FCFA on December 17, 2024. This...
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