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 Gabonese economy, palm plantations have weighed down this segment. As for wet rubber production, it improved by 18.5% in the third quarter of 2024. The...
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 the General Assembly of the said institution. He replaces in this position, the Chadian Tahir Hamid Ngulin, Minister of State, Minister of Finance, Budget, Economy...
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 is expected to transform 15% of local iron ores while reducing iron costs on the CEMAC sub-regional market. The Mboro Modern Steel Complex, located in...
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 local talents and its desire to assert its presence in this strategic area. UBA Group, a major player in the African banking sector, has started...
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 Investment Zone and other strategic sectors are at the heart of this new era of cooperation between Libreville and Cairo. The President of the Transition,...
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 activity in this part of the country. The Prime Minister in fact unveiled the inaugural plaque of the Youpwe landing stage and fish market in...
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 focused on the strategy to be implemented for better control of public finances. The emphasis was therefore placed on three main axes, namely the main...
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 level, according to the Bank of Central African States (BEAC), this consolidation follows the good performance of non-oil activities. The assessment of the economic situation...
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 to finance this ambitious project is in the pipeline. Providing Gabon with a space entirely dedicated to high technologies in the digital and industrial fields....
