Via The Africa Report, a look at how – from Cairo to Libreville and Dakar – new towns are proliferating, driven by massive investments and futuristic promises. While they inspire dreams for many residents, they remain difficult to bring to life: From the Egyptian desert to Senegal’s clay soils, in recent years, African governments have caught construction fever, […]
Read more »Via Bloomberg, a report on Gabon’s timber industry: Timber accounts for about 3.2% of gross domestic product Junta to control 600,000 hectares of forest after the takeover The junta in Gabon, the world’s second-most forested nation, has taken full control of the nation’s timber company, giving it direct access to a $620 million industry. The […]
Read more »Via Semafor, a look at Gabon and Equatorial Guinea’s battle over oil-rich islands: The tiny island of Mbanié off the coast of Gabon is the subject of a dispute pitting Equatorial Guinea against Gabon at the International Court of Justice in The Hague, Netherlands. Both Central African countries have laid claim to the 74-acre (30 […]
Read more »Via The Africa Report, an article on recent U.S. invitation to Gabon’s leader for talks: The United States Joe Biden administration has formally invited Gabon coup leader Brice Clotaire Oligui Nguema to Washington to discuss a return to civilian rule, The Africa Report has learned. Deputy Secretary of State Kurt Campbell extended the invitation during his trip to Gabon, Ghana and Senegal last month. In […]
Read more »Via Bloomberg, an article on increasing investment interest in West Africa: West Africa eurobonds on average saw better returns than peers China investment to region has surpassed East, Southern Africa Investors in West African countries are enjoying the best returns on the continent, and are shifting money flows to a region that’s performed well despite […]
Read more »Courtesy of the Wall Street Journal, a report on the competition between the U.S. and China to secure relationships in Gabon and Equatorial Guinea: In August, Ali Bongo, then-president of the Central African nation of Gabon, made a startling revelation to a top White House aide: During a meeting at his presidential palace, Bongo admitted he […]
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