Chinese energy firm TBEA, previously known as Tebian Electric Apparatus, will invest $209 million in a hydropower project in Gabon, Reuters reported. According to Liban Soleman, general coordinator of the Gabonese Bureau of Coordination and Planning, construction will begin “pretty soon” on the project, which will have a power generation capacity of 70 megawatts in […]
Twenty-six African countries out of the 55 members of the African Union have committed to the establishment of the concept of a Single African Air Transport Market (SAATM), the African Union Commission chairperson, Moussa Faki Mahamat said on Monday during a meeting of the working group in the Togolese capital, Lome. According to the list […]
The Gabonese government on Tuesday accused the French company Veolia of pollution on its soil. The move follows the cancellation of water and electricity distribution contract by the Gabonese government. The French distribution company has denounced the move as a “brutal expropriation”. Since the termination of the contract, Veolia and the Gabonese government have been […]
India’s biggest mobile carrier Bharti Airtel Ltd, which owns telecom assets in 14 African countries, on Wednesday said it is looking at a potential initial public offering (IPO). Bharti Airtel International (Netherlands) BV said the discussion on feasibility of listing its shares on an “internationally recognized” exchange was still in preliminary stage. Bharti Airtel, which […]
Côte d’Ivoire authorities on Thursday seized about 600 kg of elephant tusks and 600 kg of pangolin scales, Bonaventure Adomo, head of the Ivorian anti-smuggling unit, told reporters. The ivory was ready for export to Vietnam while the pangolin scales were destined for Asia, Adomo said. According to official accounts, the traffickers came from Côte […]
Egypt and Liverpool’s striker Mohamed Salah made history Thursday as he became the second Egyptian football player to win Confederation of African Football (CAF) footballer of the year Award beating his club team mate Sadio Mane, from Senegal. The one who recently in December won BBC footballer of the year Award gathered 625 points from […]
Cameroon president Paul Biya in his End-of-Year address to the nation reiterated that the central African nation will be ready to host the next African Cup of Nations (AFCON) slated for 2019. The 84-year old leader said he had personally made a commitment to that effect as that Cameroon will put its best foot forward […]
The International Monetary Fund on Thursday downgraded Gabon’s economy growth forecast of 2017 form 1 percent to 0.8 percent. The international lender expects growth to rebound to 2.7 percent next year due to recovering oil prices. The central African oil-rich nation has been hard hit by a more than 50-percent drop in oil prices since […]
The heads of state of Economic and Monetary Community of Central Africa (CEMAC) in a meeting in the Chadian capital N’Djamena, decided to make Douala the financial center of the sub-region. According to the final communiqué of the one-day meeting, Libreville Stock Exchange, BVMAC, currently based in Gabon, will merge with the Douala Stock Exchange […]
The free movement of persons and goods throughout the Central African Economic and Monetary Community (CEMAC) is finally effective. After Cameroon, Chad, Congo, CAR and Gabon, earlier this month, Equatorial Guinea has finally joined the list of Central African nations that have opened their borders, ending the entry visa requirement for citizens of the six […]
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