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Gabon reforms: debt audit, industry, eurobond

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2026-07-28 12:44 UTC → 2026-07-30 23:44 UTC · added removed

Gabon reforms: debt audit, industry, infrastructure eurobond

Since late May 2026 Gabon's transitional government has rolled out a wide‑range pursued an extensive reform programme. A task‑force created in early Early July a task‑force began digitising the national health‑insurance scheme, while a digital‑tax reform aims for to raise $606 million in revenues by 2027 and a new sovereign data centre in Nkok expands digital services. The Milingui iron‑ore project is slated to start production for first output in November 2026, and La Poste S.A. has begun is modernising parcel services and financial‑inclusion products. services. President Brice Clotaire Oligui Nguema also accelerated the renewal of the 669‑km Trans‑Gabonais railway, with 424 km of track renewed and a concrete‑sleeper factory supplying 700 000 sleepers toward a 1.1‑million‑sleeper target. The third Caravane Touristique travelled through key towns, showcasing biodiversity and artisanal skills. On 25 July the president announced that no IMF programme will be signed until a comprehensive audit of Gabon's debt—estimated at about 8.7 trillion CFA francs, roughly 70‑74 francs (70‑74 % of GDP—is completed. The GDP)—is completed; the 2026 budget earmarks 1.05 trillion CFA for debt service and aims seeks to reduce cut the share of public revenue from 42.6 % to 24.2 %. The following day he inspected the rehabilitation of Libreville’s Foreign Affairs Ministry building and hosted Congolese President Denis Sassou Nguesso, using the visit to display flagship projects such as the Bay of Kings and the Emerald City. On 27 July Vice‑President Hermann Immongault, speaking Immongault formally launched Gabon's new industrial era at a forum in Perth, outlined stressing a shift from raw‑material exports to local value‑chains, citing value‑chains around the Belinga iron‑ore project with Australian miner Fortescue and pledging integrated infrastructure, energy, processing, training and environmental standards to attract inviting Sino‑Australian investors. President Nguema also inspected the Georges Damas Aleka monument on Independence Boulevard site ahead of the 66th independence anniversary, urging timely completion completion. Two days later, Gabon completed a US$920 million eurobond issuance, earmarked for state‑investment projects and emphasizing its role in national memory. debt‑service arrears, signalling renewed confidence and coinciding with IMF technical discussions for a financing programme expected by year‑end.

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  1. 2026-07-30 23:44 UTC Gabon reforms: debt audit, industry, eurobond
  2. 2026-07-28 12:44 UTC Gabon reforms: debt audit, industry, infrastructure

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