The United Nations Development Programme (UNDP), in partnership with the Italian G7 Presidency, will launch a pilot project aimed at accelerating African start-ups specialising in artificial intelligence (AI) for sustainable development. The pilot program aims to foster innovation and partnerships in data, compute and talent, the three critical pillars that underpin local AI ecosystems in...

The recent liquidity offer reveals a significant gap between the amount provided (120 billion CFA francs) and the demand (511 billion CFA francs) expressed by the banks of  the Economic and Monetary Community of Central Africa (CEMAC).  However, the liquidity injection operations carried out regularly by the Bank of Central African States (BEAC) have contributed to financing...

On Monday, August 5, around the Deputy Prime Minister of the Transition, the Steering Committee responsible for preparing the China-Africa Forum (FOCAC) of September 2024 met to examine the summary document formulated for this purpose by the Technical Committee composed of various experts from sectoral ministries. Gabon sees this forum as an opportunity to strengthen...

The expected funding of $8,371,060, or approximately 5 billion FCFA, is intended to reward Congo for its efforts in forest conservation and reduction of carbon emissions. This carbon credit should be distributed to designated beneficiaries, in accordance with the Benefit Sharing Plan. The amount of $8,371,060 corresponds to 1,674,212 tCO2 that the country was able...

According to the said press release signed on August 1, 2024 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, the deposits and consignments made by the Cdec will continue in accordance with decree n°2011/105 of April 15, 2011. This update of the SGPR is a strict response...

This follows the transfer on September 10 of former employees of Glencore Company before the Westminster Court in London, according to a press release dated August 2, 2024 and signed by the CEO of SNH, Adolphe Moudiki. This is a new turn that the Glencore case is taking, at a time when the former president...

After 64 years of independence, Burkina Faso is making a historic stride by inaugurating its first national bank, which will also serve as the central bank. This bold initiative is the brainchild of Captain Ibrahim Traoré, who has once again demonstrated visionary leadership. In addition, Burkina Faso has established a Treasury Deposit Service, signaling the...

In a press release made public on July 31, 2024, Louis Paul Motaze set the national opinion on the direction that will be given to the 550 million USD, or approximately 335 billion captured on the international capital market. According to the MINFI, the resources mobilized will make it possible to significantly continue the settlement...

Congo will have to make additional efforts in terms of extractive sector governance, before the next validation of the Extractive Industries Transparency Initiative (EITI) in April 2025. Corrective measures  include facilitating consistent supervision by the multi-stakeholder group of the process and regular decision-making. The EITI Board will assess Congo’s level of compliance with the 2023 standard during...