Africa Business Features Finance Headlines International

Gabon strips off several insurance Companies of operation license

The National Directorate of Insurance of Gabon (DNA) has retrieved operation permits from several insurance companies over unprofessional attitudes, Gabon Review reports. 11 entities in total including Solanus Casey Assurances, ACIP, Wellington Insurance Brokers Ltd Gabon, Bethel S.C.A, Contacts Assurances, Capital Assurances, Solidarity Assurances, are facing the ban. The decision, media notes, came late April […]

Africa Business Emerging Markets Headlines International

Gabon, Sierra Leone adhere to Fund for Export Development in Africa

Gabon and Sierra Leone have become member of the Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support intra-African trade growth, value-add export development, and industrialization. “The accession of these two countries is a crucial step in strengthening its ability to provide significant […]

Africa International

Gabon: Will Ali Bongo seek a third term in office?

Gabon’s President Ali Bongo has vowed to continue leading the central African country with a view to “finishing the job”, few months ahead of the presidential elections scheduled for August. The 64-year old man has not officially indicated plans to run for a third term but many believe he will do so. “I felt a […]

Africa International

Gabon launches national population census

Gabon has launched a national census of the population with the aim of targeting state interventions, Minister of Economy Nicole Jeannine Lydie Roboty-Mbou has announced. The central African country counts 2.2 million according to the latest census conducted 10 years ago. The campaign, conducted by the Commission Nationale de Recensement [National Census Commission] (CNR), will […]

Africa Europe International

France denies visa to Gabon’s U16 football team

The French Consulate General in Gabon’s capital Libreville has turned down visa applications of the country’s U16 football team expected to take part in a championship in the European country on the grounds that there are fears that the players disappear and fail to return home at the end of the tournament. Gabon’s football association […]

Africa International

Gabon’s Transportation Minister resigns in wake of ferry disaster

Brice Paillat, Gabon’s Transportation Minister, tendered on Thursday his resignation to President Ali Bongo Ondimba, few days after the sinking of a ferry off the capital coasts, killing 21 people. “The Deputy Minister of Transport will handle day-to-day business until a new minister is appointed,” state-run news agency AGP announced, adding that the Gabonese leader […]

Africa International

Gabon detains several officials in wake of ferry disaster

Gabon authorities have detained several state officials in connection with the ferry disaster in which at least 21 people have died. A ferry known as Esther Miracle carrying 161 people from Libreville to Port-Gentil sank when it capsized in calm waters on March 9 close to the coastal village of Nyonie. Authorities launched rescued operations. […]

Africa Energy International

Paris-headquartered Maurel & Prom pledges to invest $85m in Gabon

Maurel & Prom, an oil company based in Paris, has announced it will invest $85 million to develop its activities in Gabon this year after spending $67 million in the African country last year. Maurel CEO Olivier de Langavant indicated that planned investment in Gabon is a chunk of the company’s total 2023 investment put […]

Africa Business Community Headlines International

Gabon takes leadership of ECCAS

Gabon’s President Ali Bongo Ondimba took on Saturday the leadership of the Economic Community of Central African States (ECCAS), a regional organization promoting regional economic cooperation in Central Africa. The ECCAS held its 22nd summit in Kinshasa, the capital of the Democratic Republic of Congo (DRC). Bongo takes over from DRC leader Felix Tshisekedi Tshilombo […]

Energy

London-based Perenco to invest $1bn in LNG production unit in Gabon

Independent Perenco has announced the investment of $1 billion for construction of a Liquefied Natural Gas unit in Gabon. The company-based in London said it presented the plan for the unit to the Minister of Oil and Gas, and the subsequent technical approval by the Gabonese authorities in December 2022. The unit will be located […]