prevailing uncertainty

Business as usual in Gabon, coup leaders tell investors, companies

By Sophie Eyégué, Sophie Eyégué

Reserved for subscribers

Posted on September 4, 2023 09:53

Henri-Claude Oyima, President of the Gabonese business federation and CEO of BGFIbank, is General Nguema’s cousin. (Photo ©BGFI)

The day after the coup, the junta met with the Gabon business federation, headed by BGFIBank CEO Henri-Claude Oyima, General Oligui Nguema’s cousin.

“We need some reassurances,” Gabon’s business leaders said the day after the coup d’état. The junta did not waste time. After receiving more than 200 Gabonese business leaders on the afternoon of 31 August, the coup leaders issued a statement saying that it was business as usual in the West African state.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime

Already a a subscriber Sign In

More Business

Miguel Kashal Katemb, head of the DRC’s subcontracting regulatory authority (ARSP), with President Félix Tshisekedi. (Photo ©ARSP)

home advantage

Tshisekedi wants to reserve DRC markets for local players The new head of the regulatory authority is coming down hard on companies that flout the 51% rule for Congolese ownership of subcontractors, depriving...

Dream big

Ghana’s aluminium push hinges on investors’ appetite, says GIADEC CEO The West African country is hoping to be the first nation on the continent to achieve full vertical integration in the aluminium industry.

© Only about 5% to 7% of African payment transactions are conducted via digital channels.
REUTERS/Macline Hien.

On the Rails

Nigeria’s SeerBit plans payments expansion in South Africa, DRC The company aims to take advantage of projected annual growth of 20% in Africa’s e-payments market.

Webp.net-resizeimage – 2020-10-30T075911.445 © Jumia delivery men dressed as Santa Claus drive their motorcycles to deliver goods to customers in Abidjan December 18, 2014. REUTERS/Luc Gnago

green mobility

Uber launches electric motorcycles in Kenya, an African first Uber has announced the launch of electric motorcycle taxis in the Kenyan capital Nairobi in what it says is a first for the company in Africa.