Bolasie is Everton's fourth major signing of the summer.
Medeama beat TP Mazembe as holders Etoile du Sahel advance.
Bolasie has scored nine goals in 89 Premier League games.
Sunderland sign defender Papy Djilobodji from Chelsea.
Gernot Rohr previously coached Gabon, Niger and Burkina Faso.
Andre Ayew scored 12 goals in 34 games for Swansea in 2015-16.
Ogenyi Onazi joins Trabzonspor from Lazio 'to clear my head'.
Ghana midfielder Kevin-Prince Boateng joins Las Palmas.
Jorge Costa had been in charge of Gabon since 2014.
Chelsea winger Mohamed Salah signs for Roma on permanent deal.
DAY 10
Match 33
Equatorial Guinea vs Algeria 1:3
FACTS
Goal Equatorial Guinea
Emilio Nsue (50')
Assist Equatorial Guinea
Álex Balboa (50')
Goals Algeria
Z. Belaïd (19')
F. Chaïbi (25')
I. Maza (32')
Assists Algeria
A. Hadj Moussa (19', 32')
I. Maza (25')
Algeria
Equatorial Guinea