African banking supervisors meet in Yaoundé to address financial stability and technological changes
via Gabon Review2 min read
The African Banking Supervisors Community CSBA opened its annual conference and meeting in Yaoundé on June 4, focusing on strengthening prudential cooperation and financial stability in Africa. Organized with support from several African and international financial institutions, the event brings together the continent's main banking regulators. Yvon Sana Bangui, Governor of the BEAC and President of the Association of African Central Banks ABCA, highlighted the persistent uncertainties and profound transformations in the global financial system. The conference, running from June 4 to 5, is jointly organized by the CSBA, the technical group of the ABCA, and the Financial Stability Institute FSI of the Bank for International Settlements BIS. Bangui emphasized the strategic importance of the meeting in reinforcing financial stability, modernizing banking supervision, and promoting African financial integration. African supervisors face increasingly complex challenges due to geopolitical tensions, economic fragmentation, and accelerating technological changes, including systemic risks, cross-border financial activities, and emerging cyber and climate risks. Discussions cover proportionality in banking regulation, supervisory effectiveness, artificial intelligence's impact, digital fraud, and cybersecurity. Bangui stated that these exchanges should enable more effective anticipation of emerging risks and promote risk-based, proactive, and preventive banking supervision. The goal i
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Gabon Review.
The 5th edition of Lékédi Biodiversity Day, held in Bakoumba within the Lékédi Park, highlighted the ambition of Eramet Comilog and the Lékédi Biodiversity Foundation to establish the locality as a regional model for preservation and territorial development. The event, themed "Biodiversity, a lever for growth in Gabon" and part of World Environment Week, gathered institutional, scientific, and technical stakeholders. It reaffirmed Eramet Comilog's commitment to integrating environmental issues into its operations, aligning with its "Act for positive mining" CSR roadmap and international standards for responsible mining. Discussions aimed to lay the groundwork for valuing Gabon's natural capital. Zita Kassa Wilks, representative of the Cafi-Gabon Fund, presented green financing tools to transform biodiversity into a driver for territorial development. Two roundtables explored ecological rehabilitation as a value creator, demonstrating its potential to combine ecosystem restoration with local economic benefits. The second roundtable addressed health challenges, emphasizing the link between sustainable wildlife management, zoonoses prevention, and public health in Central African forest areas. The day also focused on educating young generations, with forty students from the Gabon Green Generation program, supported by WWF Gabon, creating an immersive "ecosystemic village" showcasing savannas, forests, aquatic environments, and mangroves. This initiative illustrated the richness
Must ReadOn June 1, 2026, Philippe Tonangoye, the Minister of Universal Access to Water and Energy, officially launched the feasibility studies for the Booué hydroelectric dam project in Gabon. Accompanied by teams from Gabon Power Company and the World Bank, the Minister visited the project site. This 400 MW infrastructure is intended to be a significant driver for Gabon's energy sovereignty and industrial development. The visit follows discussions between Gabonese authorities, international financial institutions, and technical partners to advance the project and secure necessary funding, including exchanges during the World Bank's Spring Meetings in Washington. The delegation inspected two sites for the dam and hydroelectric plant, identified through pre-feasibility studies by Gabon Power Company and Électricité de France EDF and validated by the Ministry of Energy. The mission also included dialogue with local authorities and communities in Booué regarding the project's implications and development prospects for the Ogooué-Ivindo province and the entire country. Minister Tonangoye emphasized the President's commitment to the project, highlighting sustained engagement with funders, technical partners, and international sector players. Significant progress includes a memorandum of understanding signed in October 2025 between GPC and EDF, validation of pre-feasibility studies, and the official launch of feasibility studies. The Booué dam, located in central Gabon, is expected to play
Must ReadYaoundé is hosting the Conference and Annual Meeting of the Community of African Banking Supervisors CABS from June 4 to 5, 2026. The event, co-organized by several African and international institutions with support from BEAC and Cobac, focuses on "strengthening prudential cooperation and financial stability in Africa." This gathering brings together central bank governors, supervisory authorities, experts, and international partners to address challenges posed by rapid financial innovations, the rise of artificial intelligence, crypto-assets, and cybersecurity risks. Yvon Sana Bangui, Governor of BEAC and President of ABCA, highlighted the increasing complexity of challenges faced by supervisory authorities in an international environment marked by persistent uncertainties and profound transformations in the global financial system. The conference aims to strengthen the capacity of African supervisors to anticipate emerging risks, promote risk-based banking supervision, and foster the convergence of African regulatory frameworks with international standards, particularly those of the Basel Committee. Participants are discussing proportionality in banking regulation, the prudential implications of technological innovations like stablecoins, crypto-assets, and AI, as well as digital fraud and cybersecurity risks. Patricia Manon, President of CABS, stated that these discussions should lead to concrete recommendations to enhance the resilience of African financial systems and d
Must ReadGabon has officially relaunched the High Investment Council HCI eight years after its last session, following directives from the President of the Republic, Brice Clotaire Oligui Nguema. The Vice-President of the Government, Hermann Immongault, opened the proceedings on June 4, 2026, in Libreville. The HCI aims to strengthen public-private dialogue, improve the business climate, and mobilize financing for the 2026-2030 National Growth and Development Plan. This plan requires approximately 27 trillion CFA francs, with the private sector expected to contribute about 18 trillion CFA francs. Immongault emphasized the importance of renewed, sincere, and effective partnerships between the state and private sectors, guided by transparency, mutual trust, inclusivity, representativeness, responsibility, and rigorous follow-up. Thierry Minko, the Minister of Economy, highlighted that the ambitious goals of the National Growth and Development Plan can only be achieved through a renewed climate of trust and a more attractive business environment. Alain-Claude Kouakoua, President of the Federation of Gabonese Enterprises FEG, welcomed the reforms, including the HCI's relaunch, efforts in public-private dialogue, and initiatives to improve economic administration. The HCI's work, which includes thematic working groups, will continue until June 15, focusing on consolidating recommendations and adopting a common roadmap for reforms.