Gabon’s Minister of Economy and Finance, Henri-Claude Oyima, signed a $3 billion mobilization agreement with Afreximbank on Wednesday, September 17, 2025. Under the deal, the African Export-Import Bank formally committed to making the funds available to the Gabonese state, which plans to channel them into priority investments.
The signing came a day after a meeting between President Brice Clotaire Oligui Nguema and Afreximbank President Georges Elombi. Discussions reviewed the progress of recently concluded partnerships worth more than CFA1.7 trillion, covering key sectors such as manganese processing, modernization of the railway network, and strengthening Gabon’s energy capacity.
Beyond the identified projects, the financing agreement carries broader significance for Gabon’s economy. At a time when several African countries are seeking to add value locally to their natural resources, Gabon’s experience could serve as a regional model—provided that industrial transformation projects are completed within the agreed timelines.
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
DBSA closed a 100 mln rand ($5.7 mln) financing for EV charging stations. Local firm Zero Carbon Charge will build 60 solar-powered stations by...
Liberia granted TotalEnergies rights to explore four offshore blocks totaling 12,700 km². The French group will run a program including 3D seismic...
Empower New Energy got approval to develop a 4 MW solar plant in Awasi, Kenya. The $2.5 mln deal with Abyssinia Group will supply clean power...
Morocco exported 745,000 tons of tomatoes in 2024/25, generating $1.2 billion. France, the UK, and the Netherlands were the top buyers, with...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...