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 2025 edition of the Congo Energy & Investment Forum is scheduled for March 24-26 in Kintélé, the northern suburb of the Congolese capital. Organized by Energy Capital & Power in collaboration with the Ministry of Hydrocarbons, this event dedicated to oil and gas will bring together industrialists, experts, and policymakers. The Congo Energy and...
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...
Cameroon signed two financing agreements with the African Development Bank (AfDB) on March 19, 2025, for the reconstruction of the Ngaoundéré-Garoua road. Totaling 216 billion CFA francs, this financing aims to rehabilitate a strategic 242-km section linking Adamawa to the north of the country. The work, which will also include socioeconomic improvements, will begin in...
Gabon and Equatorial Guinea are taking a new step in their energy cooperation. On March 20 , 2025, in Malabo, the two countries signed an electricity grid operating agreement, thus solidifying their commitment to strengthening subregional energy interconnection. This agreement, which follows the official commissioning of the infrastructure on February 22, 2025, aims to provide a stable electricity supply...
The Ad Hoc Committee of the Guided Trade Initiative (GTI) of the African Continental Free Trade Area (AfCFTA) in Cameroon met on March 20, 2025, at the headquarters of the National Shippers’ Council of Cameroon (CNCC) in Douala. Under the chairmanship of Mr. Auguste MBAPPE PENDA, Director General of the CNCC, the meeting was attended...
Dr. Samuel Munzele Maimbo, Zambia’s candidate for the African Development Bank (AfDB) presidency, has outlined his vision to Cameroonian authorities as part of his campaign. The current Vice President for Budget, Performance Review, and Strategic Planning at the World Bank met with Prime Minister Dr. Chief Joseph Dion Ngute and Minister of External Relations Mbella...
Gabon has disbursed nearly 18 billion CFA francs to clear its arrears with the World Bank, aiming to rebuild investor confidence and revive international funding opportunities. Gabon has taken a significant step in improving its public financial management, announcing on March 19, 2025, the payment of 17.9 billion CFA francs to settle its outstanding debt...
The Tony Elumelu Foundation (TEF) will announce the 2025 Cohort of its flagship TEF Entrepreneurship Programme on Saturday, March 22, at 10 AM. Since its launch, TEF has provided over $100 million in direct funding to African entrepreneurs, creating 1.5 million jobs and generating $4.2 billion in revenue. More than two million Africans have been...
