• Tullow Oil finalizes the sale of its Gabonese assets to Gabon Oil Company for $300 million• The move is part of a wider strategy to cut debt, which stood near $1.5 billion in late 2023• The sale will reduce production income, but is expected to ease financial pressure UK-based energy firm Tullow Oil announced yesterday it has completed the sale of its assets in Gabon. The...

• 12.5% of Nigerian youth were NEET in Q2 2024; the government aims to close this gap with practical skills training.• NBTE and the Ministry of Education launched a new national framework to align education with job market needs.• Success depends on steady funding, clear governance, and strong on-the-ground oversight. Nigeria’s National Board for Technical Education (NBTE), in...

• Arise Ports & Logistics named Banji Fehintola as Chairman of the Board for Owendo Mineral Port (OMP), a key logistics hub supporting Gabon’s mining sector.• OMP enables efficient export of resources such as manganese and facilitates imports of construction materials via its integrated rail network.• Fehintola brings more than 20 years of experience in financial services and currently...

• Egypt, Africa’s top pharmaceutical producer and consumer, aims to raise exports by 39% to $466.5 million by 2029.• The forecast follows a 65.6% rise in exports between 2019 and 2024, despite persistent drug shortages.• Private firms drive sector growth, accounting for 93% of domestic pharmaceutical production. Egypt aims to increase its pharmaceutical exports by 39%,...

As challenges related to sustainable development, social inclusion, and ecological transition grow more pressing, mobilizing the private sector has become essential to building more resilient economies. In the face of waning public policies and the urgency of the climate crisis, businesses are increasingly called upon to play a central role in transforming societies. It is within this context...

Morocco and Burundi signed 10 cooperation agreements across key sectors. Both countries adopted a 2025–2027 roadmap to deepen bilateral relations. Burundi reaffirmed its support for Morocco’s territorial integrity. Morocco and Burundi have strengthened their diplomatic and economic ties with 10 new cooperation agreements across various sectors, They also signed a new...

Over the past year, oil suppliers active in the Democratic Republic of Congo (DRC) recorded losses and shortfalls of $31.5 million, down from $288.6 million in 2023 (-89%). Daniel Mukoko Samba, Minister of the National Economy, disclosed the figures on May 6, 2025. This gap is bridged by subsidies. Without providing specific figures, Calixte Ahokpossi, mission chief of the...

Africa Global Logistics (AGL) announced an investment of CFA4 billion to expand its logistics hub in Kribi, Cameroon. The goal is to keep pace with rising container traffic at the city’s deep-sea port. Officially opened on June 8, 2022, the Kribi Logistics Hub is now entering its second phase of development. This new stage, expected to wrap up by the end of July 2025, includes 10,000 square...

On May 8, 2025, the Ministry of Transport, Communication Routes and Opening-up issued an official letter listing 240 unapproved river and lake ports slated for immediate closure. The document, referenced N° VPM/MTVCD/CAB/563/2025 and signed by Deputy Prime Minister Jean-Pierre Bemba, was addressed to the Ministry of the Interior, Security, Decentralization, and Customary Affairs. The measure...

In the Democratic Republic of Congo (DRC), state-owned Lignes Maritimes Congolaises (LMC) is about to add two vessels to its fleet, according to its Board Chairman Lambert Mende Omalanga. The executive announced the move on May 6 in Matadi, after meeting with Kongo Central Governor Grâce Bilolo.  “I have come to announce to the governor of Kongo Central province, Grâce Bilolo, that we...