Sundance Resources has faced Cameroon’s categorical refusal to enter into financial negotiations afer failing to bring to fruition the Mbalam Nabab. The government is now favoring other partners for the exploitation of the precious mineral. The history of the Mbalam-Nabeba mining project began in 2006 when Sundance Resources announced the acquisition of a 100% stake...
Former Nigerian President Olusegun Obasanjo, now a businessman, plans to expand his OABL consortium into various key sectors of the Cameroonian economy. Agriculture is at the top of the list, with the expansion of his farm to 610 hectares to grow corn and soybeans to feed his livestock. The group also plans to invest in...
Starting April 5, 2025, a new range of coins will enter circulation in the six countries of the Central African Economic and Monetary Community (CEMAC). Officially unveiled on April 2 in Bangui, these coins, including a new 200 CFA franc denomination, aim to alleviate currency shortages and combat the illegal export of old coins. The...
In Yaoundé, April 2, 2025, the International Finance Corporation (IFC) and Afriland First Bank Cameroon announced an ambitious partnership aimed at facilitating access to financing for Cameroonian small and medium-sized enterprises (SMEs). This agreement, which provides substantial financial support, aims to stimulate private sector growth and encourage entrepreneurial innovation. As part of this collaboration, IFC...
A unique partnership has emerged between the Directorate General of Customs and the Cameroon Football Federation (FECAFOOT). The goal: to combat the fraudulent importation and circulation of products under FECAFOOT’s exclusive commercial rights. Signed for a period of three years, this agreement aims to establish strict measures to counter smuggling and preserve the integrity of...
From May 13 to 24, 2025, the Cannes Film Festival returns for its 78th edition, promising to dazzle the world with cinematic brilliance while delivering significant economic benefits to Cannes and its surrounding areas. The Cannes Film Festival is not just a celebration of cinema; it’s a cornerstone of the global cultural calendar. With an...
In the face of economic dependency on oil, rising public debt, and social inequalities, Gabon finds itself at a crossroads. However, strategic diversification and bold initiatives offer a pathway to a more inclusive and sustainable future. Gabon’s economy continues to rely heavily on oil exports, which represent a significant portion of its GDP. In response...
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...
