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.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Starlink launches satellite internet service in Sao Tome and Principe Monthly fees $61-$81 plus upfront hardware costs High prices may limit...
Dangote Foundation pledges 1 trillion naira for Nigerian education over decade Funding targets STEM, girls’ education, teacher training from...
The mining group is refocusing on iron, aluminium, lithium and copper while placing other activities, including titanium, under strategic review, raising...
Uganda signed a bilateral agreement for as much as $1.7 billion in U.S. health funding The plan requires Kampala to increase domestic health...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...