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gabon

Distance Banking in Gabon: “BGFI Cash Management”, an innovative solution for businesses

With a single access code, customers can independently and easily access a wide range of basic services and innovative features. Among these, the daily management and monitoring of their accounts....
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Gabon’s amended 2020 Finance law: Jean-Marie Ogandaga praises the social impetus of the authorities

According to the Minister of Economy, the main actions will be geared towards optimizing the operational capacities of the "Pr Gahouma" laboratory, with a capacity of 10,000 Covid-19 tests per...
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Gabon’s Rubber industry in good shape in Q1 of 2020 despite drop in exports and workforce

Exports of rubber, however, fell 17.5% to 2,609 tonnes, due to the unfavourable global context, which led to a 2.7% decline in turnover to 15 2.3 billion CFA francs.
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Gabon returns to the EITI, stakeholders propose priority action areas

The appointment of the Permanent Technical Secretary must follow an open call for applications to ensure that the best candidates are recruited. This, they say, given the high level of...
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Gabon: Stable performances in the 1st quarter of 2020 in the water and electricity sector

Drinking water production stabilized at 29.6 million m3 in the first quarter of 2020. "This development can be explained by the saturation of production capacities, especially in Libreville". Sales excluding...
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Gabon’s public debt: 648.0 billion FCFA settled in the Q1 of 2020

The settlement of the external debt (88% of payments) was made to the tune of 570.1 billion CFA francs in the 1st quarter of 2020 against 116.9 billion CFA francs...
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African Development Bank approves 100.5 million euros budget support for COVID-19

Bank analysts warn that Gabon, like much of the globe and the rest of the continent, could fall into recession in 2020, and estimate a negative real GDP growth rate...
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Gabon records increase in Petroleum and decreased exports in Q1 of 2020

The note also points out that “conversely, crude oil exports fell 20.2% to 2.35 million metric tonnes, due to weak demand, linked to the glut of 'international offer'. Explanation: “the...
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Gabon: Tax on household waste maintained for some and not for others

Indeed, according to the modifications recently carried out in article 15 of the law n ° 047/2018 of January 30, 2019 determining the resources and the loads of the State...
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CEMAC spearheads project to electrify Gabon from Equatorial Guinea

The project is part of the objectives pursued by the countries of Central Africa to make their sub-region, "an emerging integrated space, where security, solidarity and good governance prevail for...
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Gabon’s OPEC bridge, not bad compared to other defaulters

On the African continent, the difference allegedly recorded in Gabon’s production in May would be tiny compared to that of other countries such as Nigeria and Angola. These two countries,...
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Cofina Gabon: 4 billion FCFA for SMEs

"I am pleased to have obtained the funding necessary to continue the growth of Cofina Gabon," Cofina Gabon Chief executive revealed.. "It will allow us to continue to meet the...
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Prodece: Signature of the first public-private partnership framework agreement

Launched in 2018, the Prodece is an initiative of the government-funded by the World Bank as part of a program to improve the effectiveness of vocational training, skills development and...
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Gabon reviews 2020 State Budget as Covid 19 hits economy

"The amending finance bill for the year 2020 is part of a particular context marked by the spread of the Covid-19 worldwide with consequences for the national economy," the government...
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