Coup d’Etat foiled and under Control
The government of Gabon declared that it was in control after an attempted coup by army rebels this morning and that it had arrested most of those involved. “Calm has …
Gabon
New Opportunities for Cooperation with China
Last week China and Gabon agreed to enhance alignment of development strategies and jointly explore new opportunities for cooperation. During a meeting with President of the Republic of Gabon Ali …
Diversification away from Oil with Eyes on Asia
The announcement made by still-President Ali Bongo, who is seeking reelection, to turn to Asia in his bid to diversify Gabon’s oil-dependent economy does not coma as a surprise. Nigeria, …
Government starting Joint Venture with Singapore Rubber Producer
Olam, the commodity supplier controlled by Singapore’s Temasek, says it will start rubber production from plantations it owns in a venture with Gabon’s government.Olam intends to sell the rubber to …
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Fitch Ratings reduces Outlook from “stable” to “negative”
Fitch Ratings has revised the Outlook on Gabon’s Long-term foreign and local currency Issuer Default Ratings (IDR) to Negative from Stable and affirmed the IDRs at ‘BB-‘. The issue ratings …
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Government continues to pay Investors almost US$ 750m
Gabon has paid back more than US$ 700m in debt owed to private companies and plans to make another payment by the end of 2014, the Presidency said this week. …
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Economy diversifies to attract Investors
Gabon wants to lure investors into its mining, manufacturing and tourism sectors as it tries to reduce its dependence on oil exports and court capital from countries other than former …
Ivory Poaching still the Issue
Gabon’s government, blessed with billions of dollars of oil money and miles and miles of virgin rain forest, has made many of the right moves to protect its animals by …