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Gabon has formally requested a programme from the International Monetary Fund to help stabilise its finances and has signed an additional $150-million deal with the World Bank, bringing the institution's total commitment to $600-million. A special commission will conduct a comprehensive audit of the Central African country's public debt over two to three months, coordinated by the minister of economy and finance and supported by the IMF, citing breaches of contracts and budgetary rules during the 2016 to 2023 period.
Trafigura signs $1-billion crude pre-payment deal with GabonGlobal commodities trader Trafigura has signed a $1-billion pre-payment deal with Gabon to receive crude deliveries over seven years. The oil-producing nation is stepping up engagement with international financial institutions as it seeks to tighten public finances and secure fresh funding for basic infrastructure following years of debt management concerns and fiscal slippages.
Nature Conservancy confirms Gabon honouring debt-for-nature commitmentsGabon's current government is honouring the commitments made under a 2023 debt-for-nature swap despite the military coup that occurred just weeks after the deal was secured, according to The Nature Conservancy's regional managing director for Africa. Discussions are underway about additional financing that goes beyond ocean conservation to include forests and freshwater.
Gabon Updates
Diversified metals miner Eramet has appointed Simon Henochsberg to succeed Abel Martins as group CFO and has announced the partial restart of mineral sands processing at its Grande Côte operation,...
Global commodities trader Trafigura is among three companies vying for a 36.36% stake in South African petrochemical company Sasol’s Natref refinery, two sources with knowledge of the matter told...
As British historian John Dalberg-Acton famously observed in the nineteenth century, power tends to corrupt, and absolute power corrupts absolutely. This warning feels apt in relation to...
TSX-V-listed Millennial Potash Corporation has completed a milestone payment to to the vendors of the Banio potash project, in Gabon, which earned Millennial an additional 10% interest in...
The emergence of Guinea's Simandou as a large-scale, high-grade iron-ore supplier marks a significant change in the global seaborne iron-ore market. According to consultancy Wood Mackenzie...
By: Vivien Chaplin - Director and Gaby Wesson, Associate in the Corporate & Commercial practice at Cliffe Dekker Hofmeyr At the Government’s inaugural transport conference in Johannesburg which...
The global representative body for the airline industry, the International Air Transport Association (IATA), has highlighted that its next Focus Africa Conference will again be hosted by Ethiopian...
South Africa is at a pivotal juncture. It can choose to remain a supplier of raw commodities that enrich other countries or become a global leader in mineral‑based industries, says globally rated...
A financing instrument often referred to, regarding green development and conservation, is the debt-for-nature swap. But what is a debt-for-nature swap? This was the topic for a panel discussion on...
Global mining equipment supplier TAKRAF is positioning collaboration, innovation and full-flowsheet capability at the centre of its African growth strategy, TAKRAF South Africa MD Richard Späth...
Gabon's mining minister said on Wednesday that energy shortages will not be accepted as justification for missing the country's 2029 ban on raw manganese exports, dismissing industry warnings that...
The African Development Bank (AfDB) has launched the next stage of the Mission 300 initiative, which is a joint AfDB-World Bank programme to connect 300-million Africans with electricity by 2030....
Reflecting on 2026 and what is likely to be one of the most momentous years in geopolitics for close to a century, it is hard to grasp all the implications for the world and for Africa. The first...
Australian miner Fortescue has delivered record first-half iron-ore shipments of just over 100-million tonnes in the 2026 financial year, underpinned by strong operational performance, disciplined...
London-listed mining services provider Capital says it delivered a strong finish to the year ended December 31, 2025, with full-year revenue having been at the upper end of revised and raised...
TSX-V listed Millennial Potash has announced that it has initiated a definitive feasibility study (DFS) at its Banio potash project, in Gabon. The company has engaged ERCOSPLAN...
Canadian resource company Millennial Potash Corp has initiated the environmental- and social-impact assessment (ESIA) for its Banio potash project, in Gabon. In a media release, the company says it...
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