Gabon in operation seduction to mobilize 700 billion CFA francs

Gabon wants to revive its economy by launching Treasury securities and bonds on the Central African markets.

RFI/Paulina Zidi

Text by: RFI Follow

1 min

Gabon needs money to revive its economy.

The country, whose overall debt is 6,500 billion CFA francs, or 65% of the national GDP, has decided to launch Treasury securities and bonds on the Central African financial market.

On Friday, it was the turn of Gabonese bankers, insurers and individuals to receive a delegation to attract investors.

Advertising

Read more

With our correspondent in Libreville,

Libreville wishes to raise 700 billion CFA francs at the end of several operations which will be launched during the year 2022. Franck Yann Koubge, Director General of the Gabonese Public Treasury, explains what this money will be used for: “

[of this money]

»

In 2021, Gabon had raised 474 billion CFA francs on the regional market.

All subscribers have been fully paid.

During the campaign, Fernand Ngoussi Mayangah, Managing Director of Debt, presents this advantage to potential subscribers: “ 

 »

Reviving the Gabonese economy

After visiting Cameroon and meeting Gabonese investors, the next two stops for the Gabonese authorities are Congo-Brazzaville and Equatorial Guinea.

Thanks to these loans, Gabon hopes to revive its economy seriously weakened by the Covid-19 pandemic.

Gabonese growth was -1.8% in 2020. Libreville expects growth of 3% in 2022.

►Also read: In Gabon, faced with the faltering economy, the suspension of anti-Covid measures gives some hope

Newsletter

Receive all the international news directly in your mailbox

I subscribe

Follow all the international news by downloading the RFI application

google-play-badge_EN

• Gabon

• Economy

• Economy Africa