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Gabon
Gabon tussles with IMF over loan programme

Gabon, which is due to start repaying $2bn worth of eurobonds next year, equivalent to 5% of the country's GNP, is struggling to agree the terms of a new programme with the IMF and has turned to regional banks. [...]

Published on 02/06/2021 at 06:00 GMT Reading time 2 minutes

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Business

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Afreximbank
African Development Bank
Afriland First Bank
Banque internationale pour le commerce et l'industrie du Gabon
Covid-19
Economic and Monetary Community of Central Africa
International Monetary Fund
PwC
Union gabonaise de banque

Central African Republic, Chad
IMF splashes out for some CEMAC states but leaves N'Djamena and Bangui hanging

Since the beginning of the year, the International Monetary Fund has signed support programmes with four of the six countries in the oil-dependent and Covid-weakened Central African monetary zone. But its talks with Chad and the Central African Republic have stalled.

Subscribers only Finance, Politics 22.11.2021

Gabon
Libreville audits state contractors in hope of reducing external debt

While President Bongo is busy travelling to foreign capitals, in Saudi Arabia, Scotland and Morocco just a few days ago and this week in France, back at home a small team has been busy auditing foreign companies carrying out state contracts, and fining those who are not on schedule.

Subscribers only Politics 10.11.2021

Congo
Finance minister Andely ready and armed for IMF negotiations

In a decree signed on 6 October, Finance Minister Roger Rigobert Andely created the National Committee for Multilateral Surveillance and Monitoring of Economic and Financial Reforms in the Republic of Congo.

Subscribers only Finance, Politics 29.10.2021

Lesotho, South Africa
Lesotho Highlands Water Project beset by delays amid water crisis

As heads of the Lesotho Highlands Water Project play musical chairs, the bi-national scheme is falling further behind schedule, much to the dismay of South African local authorities.

Subscribers only Diplomacy 20.10.2021

Katse, one of the dams already completed under the Lesotho Highlands Water Project.

Gabon
Defaulting Libreville leaves chopper languishing in Eurotradia and Heli Technique's hands

Due to a lack of cash, the delivery to Libreville of a helicopter upgraded by Heli Technique has been blocked for three years. The aircraft was purchased through Eurotradia, a consultancy firm now integrated into the ADIT group.

Subscribers only Defence, Business 28.09.2021

Botswana
Jacob Thamage back at helm of Botswana's Diamond Hub

After serving as coordinator in 2012 at the pivotal moment when De Beers moved its sales offices from London to Gaborone, Jacob Thamage is returning to the position. A safe bet for Botswana during these unstable times in the industry.

Subscribers only Mining 26.07.2021

Africa
Carlos Lopes lobbies the international institutions for industrial platform developer Arise IIP

Economist Carlos Lopes, who is at once a senior international civil servant, an economy professor and a consultant, is trying to help Arise IIP to develop industrial zones in Africa without crossing swords with the international financial institutions

Free access Finance, Commodity traders 09.07.2021

Gabon
Gendarmerie intel chief sidelines his number two

Spymaster Jean-Norbert Madjoupa, who is at odds with his deputy, delegates his powers to other more trusted officers when he travels abroad.

Subscribers only Politics 14.06.2021

Gabon
IMF questions Arise IIP tax exemptions

An International Monetary Fund team left Gabon early this week after a long annual consultation mission during which it laid out its conditions for granting the country a new loan programme. They include the scrapping of numerous tax and customs exemption regimes, and in particular one in place for the Nkok special economic zone.

Subscribers only Commodity traders, Politics 10.06.2021

Gabon
Ahead of joining Commonwealth, Gabon sends envoy to Paris

Breaking news, published on 04/06/21 at 12 p.m. - Gabon's foreign affairs minister met his French counterpart Jean-Yves Le Drian this morning, as part of president Ali Bongo's recent diplomatic drive which includes applying for Commonwealth membership but also forging closer ties with Russia.

Subscribers only Diplomacy 04.06.2021

French Foreign Minister Jean-Yves Le Drian.

In Focus | Gabon
Private jets, offshore fields, football, magazines: the presidential palace's untraceable holdings

A string of offshore companies with no identified owner have been linked to transactions within the presidential couple's entourage. All were incorporated by the same financiers who also happen to be associates of Gabon's sovereign wealth fund.

Subscribers only Finance, Politics 24.05.2021

Gabonese President Ali Bongo getting off his plane during a visit to Beijing, 2018.

Tunisia
Mechichi talks with Dominique Strauss-Kahn ahead of crunch IMF meet

With Tunisia on the verge of default, Prime Minister Hichem Mechichi has begun talks with Dominique Strauss-Kahn in the hope that the former IMF chief will help him persuade the institution to resume its financial support.

Subscribers only Business 20.04.2021

Inner circles | Gabon
Noureddin Bongo's parallel task force network

President Ali Bongo's coordinator and eldest son Noureddin Bongo has found a way to assert his influence in government: task forces. These ad hoc teams of civil servants and consultants are ostensibly there to assist government departments, but can have a tendency to bypass them.

Subscribers only Politics 26.03.2021

Domestic debt task force meeting chaired by Nouredin Bongo (far right).

Set up email notifications for these topics

Afreximbank
African Development Bank
Afriland First Bank
Banque internationale pour le commerce et l'industrie du Gabon
Covid-19
Economic and Monetary Community of Central Africa
International Monetary Fund
PwC
Union gabonaise de banque

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Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Gabon
Gabon tussles with IMF over loan programme

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Central African Republic, Chad
IMF splashes out for some CEMAC states but leaves N'Djamena and Bangui hanging

Gabon
Libreville audits state contractors in hope of reducing external debt

Congo
Finance minister Andely ready and armed for IMF negotiations

Lesotho, South Africa
Lesotho Highlands Water Project beset by delays amid water crisis

Gabon
Defaulting Libreville leaves chopper languishing in Eurotradia and Heli Technique's hands

Botswana
Jacob Thamage back at helm of Botswana's Diamond Hub

Africa
Carlos Lopes lobbies the international institutions for industrial platform developer Arise IIP

Gabon
Gendarmerie intel chief sidelines his number two

Gabon
IMF questions Arise IIP tax exemptions

Gabon
Ahead of joining Commonwealth, Gabon sends envoy to Paris

In Focus | Gabon
Private jets, offshore fields, football, magazines: the presidential palace's untraceable holdings

Tunisia
Mechichi talks with Dominique Strauss-Kahn ahead of crunch IMF meet

Inner circles | Gabon
Noureddin Bongo's parallel task force network

Gabon
Veteran Pierre Duro has key role in new domestic debt audit

Gabon
Internal debt: Ernst & Young pits its calculations against those of PwC

Central Africa
CEMAC seeks $3.3bn to finance infrastructure projects

Somalia
Ali Hassan Khaire searches desperately for fresh funds

Gabon
Scorpion inquiry looks into government arrears

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About Africa Intelligence

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Indigo Publications' websites

Senegal Guns and oil drive Russia's Dakar courtship

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

Africa in the Russia-Ukraine war

East Africa's hotly contested coffee sector

The generals waging war from Khartoum to Darfur

Gabon Gabon tussles with IMF over loan programme

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create a free account

Set up email notifications for these topics

Central African Republic, Chad IMF splashes out for some CEMAC states but leaves N'Djamena and Bangui hanging

Gabon Libreville audits state contractors in hope of reducing external debt

Congo Finance minister Andely ready and armed for IMF negotiations

Lesotho, South Africa Lesotho Highlands Water Project beset by delays amid water crisis

Gabon Defaulting Libreville leaves chopper languishing in Eurotradia and Heli Technique's hands

Botswana Jacob Thamage back at helm of Botswana's Diamond Hub

Africa Carlos Lopes lobbies the international institutions for industrial platform developer Arise IIP

Gabon Gendarmerie intel chief sidelines his number two

Gabon IMF questions Arise IIP tax exemptions

Gabon Ahead of joining Commonwealth, Gabon sends envoy to Paris

In Focus | Gabon Private jets, offshore fields, football, magazines: the presidential palace's untraceable holdings

Tunisia Mechichi talks with Dominique Strauss-Kahn ahead of crunch IMF meet

Inner circles | Gabon Noureddin Bongo's parallel task force network

Gabon Veteran Pierre Duro has key role in new domestic debt audit

Gabon Internal debt: Ernst & Young pits its calculations against those of PwC

Central Africa CEMAC seeks $3.3bn to finance infrastructure projects

Somalia Ali Hassan Khaire searches desperately for fresh funds

Gabon Scorpion inquiry looks into government arrears

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Gabon
Gabon tussles with IMF over loan programme

Central African Republic, Chad
IMF splashes out for some CEMAC states but leaves N'Djamena and Bangui hanging

Gabon
Libreville audits state contractors in hope of reducing external debt

Congo
Finance minister Andely ready and armed for IMF negotiations

Lesotho, South Africa
Lesotho Highlands Water Project beset by delays amid water crisis

Gabon
Defaulting Libreville leaves chopper languishing in Eurotradia and Heli Technique's hands

Botswana
Jacob Thamage back at helm of Botswana's Diamond Hub

Africa
Carlos Lopes lobbies the international institutions for industrial platform developer Arise IIP

Gabon
Gendarmerie intel chief sidelines his number two

Gabon
IMF questions Arise IIP tax exemptions

Gabon
Ahead of joining Commonwealth, Gabon sends envoy to Paris

In Focus | Gabon
Private jets, offshore fields, football, magazines: the presidential palace's untraceable holdings

Tunisia
Mechichi talks with Dominique Strauss-Kahn ahead of crunch IMF meet

Inner circles | Gabon
Noureddin Bongo's parallel task force network

Gabon
Veteran Pierre Duro has key role in new domestic debt audit

Gabon
Internal debt: Ernst & Young pits its calculations against those of PwC

Central Africa
CEMAC seeks $3.3bn to finance infrastructure projects

Somalia
Ali Hassan Khaire searches desperately for fresh funds

Gabon
Scorpion inquiry looks into government arrears