Africa Asia Business Emerging Markets Headlines International

Gabon, UAE seal MoU to attract investment into the African country’s economy

The Federation of UAE Chambers of Commerce & Industry (FCCI) and Gabon’s investment promotion agency ANPI-Gabon have inked a Memorandum of Understanding (MoU) to lure investment from the Gulf country to support economic development of Gabon. The deal was signed by ANPI-Gabon CEO Ghislain Moandza Mboma and FCCI’s Secretary General Humaid Mohamed Bin Salem, who […]

Africa Headlines International

DRC’s and Liberia’s new presidents sworn in, promising to improve economy, security

The newly elected presidents of the Democratic Republic of Congo (DRC) Felix Tshisekedi and of Liberia, Joseph Boakai, have been sworn in, with both promising to improve living conditions and security in their respective countries. The DRC’s President Tshisekedi has been sworn in following a landslide victory in the highly contested elections in December that […]

Africa International

Gabon to grant delayed risk premium to armed forces

Gabon’s military-led government agreed this week to implement a decision by the former regime of President Ali Bongo Ondimba to grant armed and security forces a risk premium for their work in protecting populations, Gabo Review reports. A cabinet meeting announced the plan pending modalities that remain to be defined, the media outlet notes. The […]

Africa Business Emerging Markets Headlines International

Rwanda poised to invest in tourism in Gabon

Rwanda Development Board (RDB) is mulling plans to invest in Gabon’s tourism sector in a bid to make travel easy for visitors of the two countries. RDB chairman Francis Gatare led a delegation that met this week with General Brice Clotaire Oligui Nguema, the transitional leader of the central African country. Talks between the two […]

Africa Headlines International

Gabon increases by 3 per cent budget for armed forces

The junta-led government in Gabon has increased by three per cent the 2024 budget allotted for armed forces, up from $30 million of last year. The 2024 budget will cover clothing and food for the troops, as well as fuel for the various vehicles of the armed forces. The increase, Gabon Review reports, follows several […]

Africa Finance Headlines International

World Bank helps Gabon finance digital transformation project with $68.5m loan

Gabon has secured a credit facility of $68.5 million to finance “Projet Digital Gabon”, a digital transformation project aiming at creating an environment conducive to accelerating digital transformation. The deal was signed late December by Mays Mouissi, Gabon’s Minister of Economy, and the World Bank Country Director for the Central African country, Cheick Fantamady Kanté, […]

Business Finance Headlines

World Bank resumes cooperation with Gabon after military coup

The World Bank has resumed cooperation with Gabon several months after freezing all financing projects in the central African country in a reaction to the military coup of August 30 following an electoral process deemed rigged by the military. The Washington-based lender, local media ‘Gabon Review’ reports, notified the ministry of Finance and Economy in […]

Africa Business Europe Headlines International

Australia-listed Genmin applies for 15-year permit to start iron-ore drilling in Gabon

The Australian iron-ore mining company Genmin has submitted to the Gabonese government a request for 15-year permit to commence iron ore drilling project at Baniaka field in the central African country. Joe Ariti, the Chief Executive Officer of the company met with the minister of Mining of the African country to discuss the application that […]

Africa Headlines International

Gabon: Ali Bongo refuses to go into exile without family members

Ali Bongo Ondimba, the ex-leader of Gabon, has rejected all plans forcing him to go into exile without his family members, as his wife and eldest son are hallowing in prison over multiple charges, reports say citing one family member. A junta led by current transitional President Brice Clotaire Oligui Nguema removed Bongo on August […]