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The BEAC and CEMAC’s Monetary and Economic Harakiri (By Leoncio Amada NZE)

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Despite potentially being an important market of approximately 59 million inhabitants and abundant natural resources, the CEMAC zone continues to be the least developed with the worst fiscal and monetary policies on the African continent

JOHANNESBURG, South Africa, September 30, 2022/APO Group/ — 

By Leoncio Amada NZE, Executive President of the African Energy Chamber (www.EnergyChamber.org) CEMAC zone, President of APEX INDUSTRIES SA

The global health and economic crisis caused by the COVID-19 pandemic impacted the economic foundations of the CEMAC zone in an unprecedented way due to the limited integration and economic diversification of the region. The six countries from the union – Cameroon, Equatorial Guinea, Gabon, Chad, the Central African Republic and the Republic of Congo – share a regional economy dominated mainly by hydrocarbons, which represent 80% of export revenues and 75% of tax revenues, according to the World Bank and the International Monetary Fund. From the six member states, only Cameroon is a net importer of oil. However, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon are more dependent on oil than Cameroon.

The Promised Economic Diversification that has Never Arrived

For decades, governments from CEMAC countries have been talking about economic diversification programs that have not been as successful as we all hoped. The reason: excellent economic diversification plans and programs have been prepared on paper, but the private sector’s development has not kept pace: one cannot speak of diversification and economic growth in the absence of a strong national or regional business fabric that generates employment and business opportunities for nationals and foreigners. In short, the private sector must have the weight it deserves; it must be the thermometer with which the temperature and vigor of economic activity is measured; and, above all, it must be the master of the orchestra in the design and articulation of any macroeconomic program in the medium and long term for it to has a minimum chance of prospering.

Despite potentially being an important market of approximately 59 million inhabitants and abundant natural resources, the CEMAC zone continues to be the least developed with the worst fiscal and monetary policies on the African continent.

Out of 190 countries in the World Bank’s “Doing Business” index in 2020, the six CEMAC countries are in the worst positions with Cameroon in position 167; Gabon at position 168; Equatorial Guinea in position 178; Chad at position 182; Central African Republic in position 184; and Republic of the Congo at position 180. With the scenario described above, it is not surprising that the flow of foreign investment to the region has decreased exponentially in recent years.

A Sinking Ship

There are moments when it becomes necessary to call things by their name, moments when the silence is not an option, moments when it is necessary to denounce and expose the bad actors that are holding back the development of the African continent, moments when we must put the general public interest above anything else.

The time has come for the BEAC to remove its suffocating boot from the neck of the small entrepreneur and businessman from the CEMAC area

The time has come for Mr Abbas Mahamat Tolli, Governor of the BEAC, to respond to regional and international public opinion on certain issues related to the implementation of his disastrous #BEACForex Regulation in the CEMAC zone.

The regional business community, foreign investors, partners in development and the general population of the CEMAC region are experiencing unbearable pain because of irresponsible monetary policies that are ruining thousands of lives and businesses. The excuse for the implementation of clearly disastrous and Neanderthal-style monetary policies to safeguard the parity of a currency whose economy is in free fall no longer convinces anyone.

Does BEAC’s Governor work for the strengthening and development of CEMAC’s business ecosystem, or is he at the service of certain interests whose geostrategic objective could be to see the region totally financially destroyed and indefinitely in the economic mess in which the six countries find themselves?

The African Energy Chamber (AEC) invites the Governor of BEAC and his team to participate in the upcoming African Energy Week (AEW) 2022 that will take place from October 18 to 21 in Cape Town, where, among other things, issues related to the economic and financial spectrum of the CEMAC area will be addressed, to give him the possibility of using a powerful platform such as #AEW2022 to give explanations to the African and global business community about the monetary and financial objectives pursued in the medium and long term with the implementation of disastrous policies that the BEAC is enforcing for the macroeconomic interests of the subregion.

Need for an Urgent Intervention of Public Authorities

The AEC invites the Heads of State and Finance Ministers of the #CEMAC zone to adopt corrective measures that would mitigate the unnecessary economic damage caused in the region by the implementation of the disastrous and irresponsible BEAC’s Foreign Exchange Regulation – an issue that has become a true nightmare for businessmen and women who generate national wealth and employment in the subregion. A monetary policy that constitutes today the main obstacle for the attraction of foreign direct investment into the region and blocks any attempt or maneuver of economic recovery.

A monetary and financial system conceived and created more than four decades ago and that has not been adapting itself to the economic realities of a globalized, dynamic and increasingly interconnected and interdependent world, cannot respond or face the complexities that derive from the interaction between economic actors of the subregion with the outside world.

The time has come for the BEAC to remove its suffocating boot from the neck of the small entrepreneur and businessman from the CEMAC area.

The time has come for CEMAC economies to take advantage of incentives offered by the African Continental Free Trade Agreement for their development and diversification.

And, above all, the time has come for Mr. Abbas Mahamat Tolli to step aside from his position as Governor of the BEAC and allow people with the macroeconomic vision that the current times require and that the CEMAC zone deserves.

CEMAC businessmen and women are simply crying out: “We want to breath.”

Distributed by APO Group on behalf of African Energy Chamber.

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Power, water and resilience reshape the future of African mining

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Energy security may dominate conversations around African mining operations, but power is only one part of a bigger infrastructure challenge

CAPE TOWN, South Africa, September 30, 2026/APO Group/ –ESI Africa’s Powering Mines & Industry Volume examines the infrastructure decisions that are now critical to competitive and sustainable mining operations.

Energy security may dominate conversations around African mining operations, but power is only one part of a bigger infrastructure challenge.




Reliable electricity, affordable energy, secure water supply, effective rehabilitation and access to investment are interconnected considerations for mines looking to protect production while responding to sustainability, regulatory and cost pressures.

These issues sit at the centre of ESI Africa’s Powering Mines & Industry Volume, bringing together industry analysis and practical perspectives on the infrastructure realities shaping mining operations.

Published by ESI Africa, part of VUKA Group, the volume explores the technologies, strategies and partnerships influencing energy, water and long-term operational resilience.

Explore Powering Mines & Industry Volume (https://apo-opa.co/4AFlSGx)

 

The mine resilience equation is getting more complex 

For energy-intensive operations, security of supply and affordability directly affect productivity and competitiveness. At the same time, water scarcity, rehabilitation requirements and infrastructure constraints are pushing water management further into strategic planning.

Three ESI Africa webinars explore these challenges from practical operational perspectives.

  1. Powering Zimbabwe’s mines: Closing the energy gap, enabling energy continuity and cost certainty

This webinar will bring together mining and energy stakeholders to discuss practical solutions for powering Zimbabwe’s mining future and explore the investments, partnerships, and policy frameworks needed to close the energy gap. Register for the webinar (https://apo-opa.co/4yd8OG5)

  1. From pit to plant: Scalable mine water rehabilitation and reuse

Explore approaches to managing mine water across the operational lifecycle, with a focus on scalable rehabilitation and reuse. Watch on-demand  (https://apo-opa.co/4dwGDuf)

  1. From water risk to water resilience

Explore how water-intensive organisations can move from identifying supply risk to implementing practical resilience strategies. Watch on-demand  (https://apo-opa.co/4hnPaly)

Zimbabwe puts the power-mining relationship into focus

The relationship between energy capacity and mining development moves from digital discussion to an in-person platform in Harare this November.

The C&I Energy + Storage Summit Zimbabwe takes place on 17 November 2026 at Rainbow Towers, Harare, co-located with Zimbabwe Mining Week.

The one-day summit brings together mining companies, energy users, developers, investors, policymakers and solution providers to explore renewable energy, storage, project development, finance, cost containment and secure power supply.

For Zimbabwe’s mining industry, these are fundamental commercial questions. New production and industrial growth depend on the infrastructure needed to develop mineral resources reliably and competitively.

Explore C&I Energy + Storage Summit Zimbabwe (https://apo-opa.co/3VY48WN)

 

Connecting projects with capital

Solving infrastructure constraints requires viable projects and access to the organisations that can finance and deliver them.

The Project & Investment Network, in partnership with the African Infrastructure Elites annual magazine, connects project owners with investors, financiers and solution providers across Africa’s power, energy and infrastructure sectors, helping create pathways from project opportunity to implementation.

Explore the Project & Investment Network (https://apo-opa.co/46N5I09)

 

Recognising African infrastructure excellence

Across mining, power, water and transport, organisations are already delivering projects that solve operational challenges, introduce new technologies and demonstrate what effective infrastructure delivery can achieve.

The African Infrastructure Elites: Projects and People annual magazine, hosted by ESI Africa, recognises the projects, partnerships and leaders contributing to infrastructure development across the continent.

Nominations are open for industry to put forward the projects and people whose work deserves wider recognition.

Explore the African Infrastructure Elites and submit a nomination (https://apo-opa.co/3TZsqPJ)

The Powering Mines conversation continues

The next Powering Mines & Industry Volume continues examining the infrastructure, operational and investment solutions shaping mining and C&I markets’ energy, water and transport.

Join the Powering Mines & Industry 2026 waiting list (https://apo-opa.co/4d91Yd0)

 

Meet ESI Africa at Mining Indaba 2027

ESI Africa will be at Mining Indaba from 8 to 11 February 2027 at the CTICC in Cape Town, meeting mining, energy and infrastructure leaders from across the continent.

Companies and industry leaders attending the event can book an interview with ESI Africa to discuss projects, developments and the issues shaping Africa’s mining and energy sectors.

To arrange an interview, contact Nicolette Pombo-van Zyl, ESI Africa Editor-in-Chief: nicolette@wearevuka.com

Distributed by APO Group on behalf of VUKA Group.




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United Nations (UN) Critical Minerals Initiatives Target African Value Addition as African Mining Week (AMW) 2026 Approaches

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New UN programs are expanding policy, technical and institutional support for African countries seeking to capture greater value from critical mineral production

CAPE TOWN, South Africa, September 30, 2026/APO Group/ –Five African mineral producers – Guinea, Madagascar, Nigeria, Zambia and Zimbabwe – have been selected to participate in the United Nation’s (UN) Country Support Mechanism on Critical Energy Transition Minerals program, strengthening international support for efforts to develop domestic mineral value chains.

 




  

https://apo-opa.co/4AH5p4s

Announced in September 2026, the initiative comes as critical mineral investment and value addition take center stage at African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town. Under the theme Mining the Future: Unearthing Africa’s Full Mineral Value, AMW 2026 will connect African governments and project developers with investors and technical partners seeking opportunities across mineral production, processing and supporting infrastructure.

The UN mechanism will provide tailored support for countries as they seek to translate mineral resources into broader economic development, prioritizing areas such as policy advice, legal and regulatory expertise, environmental and social safeguards, and greater coordination across domestic mineral value chains.

The program comes as participating countries increasingly pursue domestic processing and industrialization strategies. Zambia is seeking to capture greater value from its copper industry, while Zimbabwe is expanding lithium processing. Madagascar is advancing efforts to expand value addition around rare earths and graphite, while Guinea and Nigeria are seeking to develop broader mineral value chains.

https://apo-opa.co/4hm1dj7

The program adds to a growing portfolio of African mining projects receiving UN and international financial, technical and institutional support, reflecting the continent’s increasing role in shaping global supply chains.

In June 2026, the UN Economic Commission for Africa launched a five-year regional program aimed at strengthening environmentally and socially responsible critical mineral value chains across the Southern African Development Community (SADC).

The initiative is being implemented in the DRC, Mozambique, Namibia, South Africa, Zambia and Zimbabwe and focuses on increasing local value retention while supporting industrialization and responsible mineral development.

Led by the UN Economic Commission for Africa through the African Minerals Development Centre and supported by Germany’s International Climate Initiative, the program brings together technical and development partners to address constraints including limited beneficiation capacity, ESG compliance and weak regional value-chain integration.

The UN Development Program (UNDP) is also developing a continental flagship initiative on Africa’s critical minerals under its 2026-2029 Regional Program for Africa. The initiative focuses on how mineral-producing countries can use their resource base to support economic transformation while making investment and value-addition strategies appropriate to their individual infrastructure, financing and industrial capabilities.

https://apo-opa.co/4rFbElr

https://apo-opa.co/3VD8VwL

Technology-led mining development is also receiving support. Through the UNDP MineTech Accelerator, five African mining innovators – Anchor Machines in Uganda, Zanfi Enterprise in Zambia, Milsat Technologies in Nigeria, Tukutech in Tanzania and SYNCHROS in the Democratic Republic of Congo – are receiving seed funding to accelerate technology-driven mining solutions.

https://apo-opa.co/4AHolAd

Together, these initiatives reflect a broader shift toward developing domestic value chains across Africa’s mining sector. For African producers, expanding international partnerships unlock capital, technical expertise and local processing capacity. For global investors, Africa’s rich resource base offers access to essential critical minerals while helping diversify supply chains for energy technologies and manufacturing.

These developments will form part of the wider critical mineral discussion taking place at AMW 2026. For more information, visit www.African-MiningWeek.com

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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Benin mobilises €500 million in international financing with African Development Fund support

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The 12-year financing benefits from an innovative credit enhancement mechanism, including a partial credit guarantee issued by the African Development Fund and second-loss insurance provided by the insurance subsidiary of the Islamic Development Bank Group

ABIDJAN, Côte d’Ivoire, September 29, 2026/APO Group/ –The Republic of Benin has secured €500 million (approximately CFAF 328 billion) in international bank financing, supported by the African Development Fund, for priority investments in education, health, water access, infrastructure, renewable energy, agriculture, and job creation for young people and women.

 




  

This transaction is fully aligned with the Bank’s new strategic vision for supporting our clients, particularly Cardinal Point 1

This landmark transaction, completed on 18 September 2026, follows the 17th replenishment of the African Development Fund (ADF-17), agreed in December 2025 as the largest in the Fund’s history. It builds on the first financing concluded in 2023 with support from the Fund, the concessional window of the African Development Bank Group. The transaction demonstrates the pan-African institution’s capacity to support countries across the continent in developing innovative, highly leveraged financing solutions that deliver tangible benefits for communities.

The 12-year financing benefits from an innovative credit enhancement mechanism, including a partial credit guarantee issued by the African Development Fund and second-loss insurance provided by the insurance subsidiary of the Islamic Development Bank Group.

“This transaction is fully aligned with the Bank’s new strategic vision for supporting our clients, particularly Cardinal Point 1, which seeks to mobilise capital-market resources at scale, as well as with the New African Financial Architecture for the continent’s development,” said Robert Masumbuko, Country Manager for the African Development Bank Group in Benin.

“This second operation (https://apo-opa.co/4yqZZJw) demonstrates the potential of guarantees to mobilise private capital more effectively. By combining the African Development Fund guarantee with complementary risk-sharing mechanisms, it enables Benin to secure substantial long-term financing on competitive terms,” said Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank Group.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

 




 

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