Under the leadership of the Minister of Water and Energy, Gaston ÉLOUNDOU ESSOMBA, representing the Prime Minister, the Bamenda Liquefied Petroleum Gas (LPG) Filling Center was inaugurated on May 9, 2025. This strategic infrastructure realizes President Paul BIYA’s vision of equitable access to modern energy, while marking a decisive step towards sustainable development and social...
In a historic move for Africa’s creative economy, the African Export-Import Bank (Afreximbank) has announced the establishment of the African Film Fund, an ambitious $1 billion investment dedicated to expanding the continent’s film industry. Spearheaded by Afreximbank’s development investment arm, the Fund for Export Development in Africa (FEDA), this initiative aims to finance 2,000 feature...
Through connections established at AFSIC 2024, the Africa College Foundation (ACF) has secured crucial funding to expand its educational programs for African youth. Driven by an innovative approach and a deep commitment to marginalized communities, ACF is paving the way for accessible, sustainable, and opportunity-generating education. Education as a Catalyst for Change The Africa College...
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...
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...
As part of its 2023-2030 Five-Year Priority Investment Plan, the public company issued a call for international expressions of interest on April 30, 2025. The objective is to prequalify companies for the construction of ultrafiltration and bottling lines for water produced by Camwater in Cameroon’s 10 regions. Over the past three years, Camwater, under the...
Gozem, a groundbreaking super app, is reshaping the digital landscape in Francophone Africa. Combining ride-hailing, e-commerce, vehicle financing, and digital banking under one platform, the company has positioned itself as an essential part of daily life for its users. With its innovative approach to embedded finance, Gozem is empowering communities by addressing real-world challenges through...
Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, champions entrepreneurship as...
The Tony Elumelu Foundation (TEF) has unveiled a $15 million grant aimed at empowering 3,000 young entrepreneurs across 52 African countries as part of its 2025 entrepreneurship programme. The announcement was made in Abuja on Saturday, March 22, by the Foundation’s founder, Mr. Tony Elumelu, who is also the Chairman of Heirs Holdings, Transcorp, and...
