The African Tribune

Gabon has taken a significant step towards solidifying its position as a key player in the African continent's economic landscape. The country's capital, Libreville, is now home to the first-ever permanent UAE embassy, marking a major shift in the nation's diplomatic relations. This new development serves as a testament to Gabon's growing importance in regional and international affairs. With its rich natural resources, strategic location, and stable governance, the country is increasingly attracting investments from various sectors, including infrastructure, energy, and finance. The UAE's decision to establish a permanent embassy in Libreville reflects its recognition of Gabon's potential as a major player in Africa's economic growth. The two nations have long been cooperating on variou...

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Behind the numbers: the rise of shell companies in Togo Lomé — The government’s latest announcement has set off a wave of excitement: over 8 000 new companies registered in Togo within just six months. After two years of stagnation, officials are hailing this as an economic breakthrough, pointing to digitized business registration and streamlined processes at the Centre de Formalités des Entreprises (CFE). Yet beneath the surface, the euphoria fades into skepticism. Those familiar with the inner workings of financial crime and public fund embezzlement recognize a disturbing pattern. The surge in new registrations isn’t a sign of economic vitality—it’s a red flag signaling the proliferation of shell companies. How shell companies thrive in the shadows of governance Setting up a company...