AGP Executive Report
Last update: 6 hours agoCement Push in Gabon: Morocco-based CIMAF will invest over US$45m to expand its Owendo cement plant near Libreville, adding a third production line and more clinker capacity ahead of Gabon’s planned clinker import ban from Jan 2027—aimed at boosting local manufacturing and turning Gabon into a Central Africa export base. Carbon Finance & Forest Monetisation: At the AfDB Annual Meetings in Brazzaville, Gabon President Brice Oligui Nguema highlighted a national carbon-credit framework and a dedicated agency to market environmental credits, linking forest conservation to eco-tourism and long-term growth. Urban Transport Procurement (Douala): Douala’s city council moved to award the World Bank-backed Douala Urban Mobility Project contract to update the BRT Resettlement Action Plan, with TESID-Enda International selected for CFA98.3m (taxes included). Maritime Readiness: Obangame Express OE26 returned to Cameroon, bringing 30+ nations to improve Gulf of Guinea readiness against piracy, illegal fishing and trafficking, with Gabon among participants. Microinsurance Expansion: Gabonese insurer Samb’a Assurances launched Samb’a Assurances Cameroun SA, positioning itself as Cameroon’s first microinsurance-focused non-life company, using mobile money and microfinance channels.
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