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African Development Bank poised to raise $25 Million

Deprived of a joint financial windfall estimated at $555 million, the final blow from American leader Donald Trump, despite the consequences, should push the African Development Fund (ADF ), the concessional arm of the African Development Bank, to take a further step in the search for new financing mechanisms. The new US administration’s 360° turnaround will play...

Cameroon and IMF review Cooperation

As part of the 8th review of the IMF-supported Economic and Financial Program, an assessment mission is underway in Cameroon. The objective is to assess the country’s economic performance and identify reforms that need to be completed to strengthen macroeconomic stability and resilience to climate and structural shocks. Since May 2, 2025, a mission from...

Congo eyeing over 894 Billion FCFA from Taxation

The General Directorate of Taxes and Estates launched, on May 6, at the Brazzaville Convention Center, a campaign to popularize the 2025 finance law in order to meet the government’s expectations in terms of tax revenue, which amount to 894.331 billion FCFA. The campaign, launched by François Moundzéo, Tax Administration Advisor to the Minister of...

Henri Claude Oyima at the heart of Gabon’s Economic Resurgence

On May 5, 2025, Henri-Claude Oyima, a leading figure in Central African finance and Chairman of the Board of Directors of BGFIBank Cameroon, was appointed Minister of State for the Economy, Finance, Debt, Equity Investments, and the Fight Against the High Cost of Living in Gabon. This strategic appointment illustrates the new regime’s commitment to...

Gabonese President Honours Tony Elumelu for Championing African Development.

The President of the Republic of Gabon, His Excellency, General Brice Clotaire Oligui Nguema, has conferred the nation’s prestigious national honours – the Commander in the National Order of Gabonese Merit – on the Group Chairman, United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu. The distinguished award...

Gabon’s Fifth Republic: A New Era of Governance

The Gabonese Republic has entered a transformative phase with the establishment of its Fifth Republic, marked by the inauguration of General Brice Clotaire Oligui Nguema on May 3, 2025. Just two days after his swearing-in, the president appointed his first government, a diverse team reflecting his commitment to reshaping public administration following the transition initiated...
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