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. The aim of this operation is to reduce Libreville's external debt which weighs the budget down. [...]
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Gabon
Gabon succeeds in having arbitration forcing it to pay 90bn CFA francs to Santullo annulled

In 2019 Gabon was ordered by a Paris arbitration panel to pay the equivalent of €137m in unpaid invoices to the late Guido Santullo's Sericom construction group. On Tuesday, the country managed to have that arbitration overturned arguing that the Italian contractor had obtained its contracts by paying Gabonese officials.

LogoSubscribers only Business 06.04.2022

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