Economy

The Gabonese Republic, a leading oil producer in Central Africa, is grappling with a persistent economic challenge: its heavy reliance on imported refined petroleum products. To address this vulnerability, the Bank of Central African States (BEAC) is urging authorities in Libreville to accelerate the modernization of the Gabonese Refining Company (SOGARA), a move deemed essential […]

Economy Gabon’s bold 2027 budget reform targets measurable results Editorial StaffJuly 16, 2026103No comment Libreville, July 16, 2026 — Gabon is preparing to roll out one of the most ambitious budgetary reforms in its recent history. As preparatory conferences for the 2027 Finance Bill kick off, authorities aren’t just launching another routine annual accounting exercise. […]

The Port of Abidjan has solidified its economic connections with Ouagadougou, Bamako, and Niamey, as confirmed by a recent announcement. This strategic move reinforces the port’s position as a key logistical hub in West Africa, even amid evolving regional dynamics following the withdrawal of Burkina Faso, Mali, and Niger from ECOWAS earlier this year. Record-breaking […]

A historic milestone has been reached. Starlink, the satellite internet service developed by Elon Musk’s company, is now officially authorized to operate in Côte d’Ivoire. The announcement was made on July 16 during an official visit by Frank R. Garcia, U.S. Deputy Assistant Secretary of State for African Affairs, at the U.S. Embassy in Abidjan. […]

economy Gabon turning mining revenue into local development by editor-in-chief Libreville — For decades, African nations have exported vast mineral wealth only to watch their mining regions remain underdeveloped, lacking basic infrastructure and essential public services. Gabon is now breaking from this pattern by converting a portion of its mining revenue into direct local investment. […]

In a landmark move reshaping Cameroon’s banking sector, prominent financier Ezékiel Passam has been appointed as the new Chairman of the Board for the General Bank of Cameroon (GBC), formerly known as Société Générale Cameroun. The state now holds majority ownership after acquiring a 58.08% stake from the French banking giant in May 2026, increasing […]

Abidjan, July 15, 2026 – The International Forum on Trades and Skills (FIMEC) serves as a critical catalyst for realizing the ambitious objectives outlined in Côte d’Ivoire’s National Development Plan (PND) 2026-2030. This initiative effectively bridges the gap between the economy’s evolving demands and the expertise cultivated within our training sector, as emphasized by Prime […]

Mines :  en Tanzanie, 88% des achats ont été effectués auprès des fournisseurs locauxLe pays impose depuis peu des co-entreprises aux fournisseurs étrangers afin d’ancrer cette manne au-delà de la part captée par l’impôt sur le bénéfice et d’autres redevances minières. Il s’agit d’une révolution silencieuse dans le partage de la rente en Afrique, mais […]

The recent easing of tensions between Bamako and Algiers is sending positive ripples through West Africa’s aviation sector. With Air France, Brussels Airlines, and Air Algérie poised to capitalize on renewed connectivity, industry players are eyeing a potential surge in passenger traffic and trade between Mali and Algeria. Bamako’s leadership has actively pursued diplomatic overtures […]

The Gabonese mining sector is entering a phase of unprecedented scrutiny. The Ministry of Mines has announced the launch, effective July 16, 2026, of a comprehensive operation to verify and regularize mineral titles granted to gold-exploring companies on national territory. Conducting a Mandatory Audit for Gold-Aurifère Stakeholders In practice, all mining companies holding exploration or […]

Niamey, July 15, 2026 — Economic self-reliance begins on the factory floor. In Niger, the push for local production is gaining momentum as authorities take stock of the nation’s industrial capabilities. Minister of Commerce and Industry Abdoulaye Seydou recently intensified his ground-level engagement by touring key manufacturing hubs across the capital. On July 14, the […]

The European Union (EU) and Cameroon have unveiled a groundbreaking financial initiative to enhance access to credit for small and medium-sized enterprises (SMEs) in the country. Launched on July 15, 2026, the scheme forms part of the Economic Development Support Project through Value Chain Promotion and Private Sector Initiative (PAD-CV). At the heart of this […]