The African Development Bank (AfDB) will help finance a 62 MWp solar power plant in Sokodé, central Togo. The AfDB board approved the project on May 8, 2025. It will back the initiative with €26.5 million  (about CFA17.4 billion). The project aligns with Togo’s goal to reach 200 MWp of renewable energy by 2030. EDF Group will design, build, and run the plant, with co-financing...

The Container Terminal Operator (RTC) of the Port of Douala distributed CFA2 billion in commercial rebates for the FY2024 during a ceremony held on April 25. The rebates were allocated based on the volume of full containers (measured in twenty-foot equivalent units, or TEUs) handled at the port. Shipping companies received 20% of the total amount, while importers and exporters received...

Cameroon’s government is preparing to take tougher action against vandalism and public misconduct affecting the country’s railway network. During a special session of the Interministerial Committee on Railway Infrastructure (Comifer) held yesterday in Yaoundé, Minister of Transport Jean Ernest Masséna Ngalle Bibehe said a crackdown was being considered to improve safety and protect rail...

On May 8, 2025, the MSC Turkiye, one of the largest container ships in the world, will dock at Cameroon’s deep-sea port of Kribi in the South region. This landmark arrival will coincide with the launch of the port’s second container terminal, marking a major step in Cameroon’s ambitions to boost its shipping and logistics sector. The news was confirmed by Africa Global Logistics (AGL),...

The African Development Bank and the Islamic Development Bank (IsDB) have reinforced their strategic partnership to enhance collective efforts in addressing fragility and building resilience across Africa. This commitment follows a high-level technical exchange held from 22-23 April at the Bank headquarters in Abidjan. The two-day mission brought together senior officials from both institutions...

Johnny Razack has been appointed chairman of Cameroon’s National Investment Company (SNI), following a presidential decree signed on April 25. The 52-year-old senior civil servant takes over from Geoffroy Désiré Mbock, who held the position for five years. The SNI acts as the government's main investment vehicle, holding stakes in companies and helping create new businesses. Razack's...

Bobo Makunda Sefekese is the new Deputy Managing Director of Sofibanque, a leading bank in the Democratic Republic of Congo (DRC). The lender announced Sefekese’s appointment on March 4. He holds the same position as Louis-Odilon Alaguillaume, appointed in April 2022.  However, Sefekese will oversee the implementation of the bank’s business continuity plan, approved by its Board of...

Minister of Higher Education Jacques Fame Ndongo, on April 29 presented Professor Abdon Atangana with a congratulatory letter from President Paul Biya for his distinguished election to the esteemed World Academy of Sciences (TWAS). In the letter, dated March 25, Biya noted that the numerous honorary distinctions awarded to Atangana in the field of industrial and applied mathematics underscore the...

AstraZeneca, one of the world’s leading pharmaceutical brands, bought his company two weeks ago. Jean-Pierre Latere is his name, and his startup, EsoBiotec, was purchased by the British giant. Latere, a Congolese-born Belgian scientist, founded EsoBiotec in 2020 in Mont-Saint-Guibert, Belgium. The deal with AstraZeneca is valued at one billion dollars.  Under the deal, the behemoth will...

An entrepreneur active in various ventures across Southern Africa, he aims to enhance the quality of road transport services via his platform, myRunner. Zimbabwean entrepreneur Vusumuzi Mkhwananzi (pictured) is the co-founder and chief executive officer of myRunner, a tech firm focused on simplifying and enhancing the safety of bus travel. Established in 2017 by Mkhwananzi, Josiah Mahachi,...