Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), and the Founder of The Tony Elumelu Foundation (TEF), will co-chair the New African Summit, at the upcoming eighth edition of the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. Elumelu and other global financial business leaders will headline the FII Opening Plenary...
By Nicholas Norbrook Fresh from meetings with Senegal’s President Faye and Aliko Dangote, and about to celebrate 40 years of banking in the US, UBA chair Tony Elumelu expands on his vision for ‘joining the dots’ across the continent and the world. Tony Elumelu, the ever-kinetic proponent of Africapitalism, advocates for wealth- building within Africa...
The BRICS 2024 Summit, held in Kazan, Russia from October 22 to 24, showcased significant discussions and resolutions aimed at bolstering multilateralism, economic development, and global security. This landmark event brought together influential leaders, including Russian President Vladimir Putin, Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa, and Egyptian...
Cooperation between the two countries has strengthened in recent years, thanks to the notable commitment of Russian companies in the oil and gas sector in Congo. After a meeting with the Minister of Hydrocarbons, Bruno Jean Richard Itoua, on October 22 in Brazzaville, the Russian ambassador, Illias Iskandarov, spoke of the need to implement ongoing...
5 Billion CFA frs is the amount that will help students realise their school projects at the ICT University in the days ahead. This announcement was made public by Professor Victor Mbarika, Founder and President of board of trustees of the ICT University, at the 14th edition the of matriculation ceremony baptised as George Mbarika...
The various documents of the 2025-2029 strategic plan of the National Commission for Transparency and Accountability in Public Finance Management (CNTR) were validated by the stakeholders involved in the implementation of the transparency code during a workshop organized from October 17 to 19, in partnership with the United Nations Development Program (UNDP). Participants in these three days of work...
During a meeting with the Minister of Mines, Gilles Nembe, the Collective of Quarry Operators, represented by Vanessa Ngabama, advocated for the creation of a special status for Gabonese operators. The minister promised to accelerate the issuing of permits and to establish a legal framework to structure the sector. On October 18, 2024, the Collective...
On 19 October 2024, Ecobank Cameroon celebrated “Ecobank Day” under the theme “Transforming Africa through Education: Boosting Learning with AI”. The day was marked by a panel discussion bringing together experts, government officials and students, highlighting the potential of artificial intelligence in education. In her opening remarks, Gwendoline Abunaw, Managing Director of Ecobank Cameroon, highlighted...
Cameroonian telecommunications operator, Camtel, posted a record net profit of 11.1 billion FCFA in 2023, marking a turning point in its history with a dividend payment to the State, despite persistent operational challenges. Cameroon Telecommunications (Camtel) achieved an unprecedented performance in 2023, posting a net profit of 11.1 billion FCFA, an increase of 23% compared...
