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GABON

Bongo clan takes back control of the country's sovereign fund

After having been headed for 10 years by Serge Mickoto, the husband of President Ali Bongo's step-sister, Gabon's sovereign fund has been taken over by a close associate of Mohamed Ali Saliou, best friend of the president's son and closest adviser, Noureddin Bongo. [...] (321 words)

Issue dated 22/04/2020 Reading time 2 minutes

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Finance

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GABON
Abdoul Oceni Ossa
Akim Mouguiama Daouda
Ali Bongo
Audrey Bongo
Banque internationale pour le commerce et l'industrie du Gabon
BNP Paribas
Brice Laccruche Alihanga
Fonds gabonais d'investissements stratégiques
Grand Loge du Gabon
Manuel Mouguiama Daouda
Mohamed Ali Saliou
Noureddin Bongo
Patience Dabany
Patrick Mouguiama Daouda
Sylvia Bongo
Yariv Elbaz

The imam behind the ambassador to Riyadh's appointment

After leaving the post of ambassador to Saudi Arabia vacant for more than a year, President Ali Bongo has appointed a non-diplomat from Gabon's Muslim community.

Guy Ibrahim Membourou, Gabon's new ambassador to Saudi Arabia.

GABON Politics 05/02/2021

Strikes expose Bongo regime's shortcomings

Industrial action over back pay by two companies sheds harsh light on the government's failings.

GABON Politics 25/11/2020

A second Bongo heir enters the presidency

Bilal Bongo, Gabonese President Ali Bongo's third son, interrupted his studies in the United Kingdom to join the force responsible for the security of his father's seaside palace residence and of the presidential staff.

GABON Business 14/10/2020

Noureddin Bongo regains control of Gabon's financial institutions

Presidential affairs coordinator Noureddin Bongo, who is also the president's son, has for the last fortnight been campaigning over Gabon's domestic debt, deemed overvalued. He has also been placing his associates at the head of the country's main financial institutions.

GABON Politics 07/10/2020

After Ngambia's release, could Laccruche be next?

The ex-public works minister Magloire Ngambia, a symbol of the "Mamba" anti-corruption drive, was released on 24 September. Now another high-profile probe into the affairs of former presidential chief of staff Brice Laccruche Alihanga, is also experiencing setbacks that have been kept carefully secret until now.

The former chief of staff to the president's office Brice Laccruche Alihanga.

GABON Politics 20/07/2020

The women behind the new balance of power

As a sign of the new balance of power in Libreville, the entourage of two of the country's leading women - first lady Sylvia Bongo and president of Gabon's constitutional court Marie-Madeleine Mborantsuo - has come away with the lion share's of the new government positions.

GABON MAURITIUS Energy Business 06/07/2020

Bongo aides talk turkey with Trafigura after Augusta ouster

The office of Gabon's president is negotiating with Trafigura to take over the off-take agreement between Augusta and the national refinery company.

Franco-Moroccan financier Yariv Elbaz at the 2014 New York Forum Africa. © New York Forum Africa/Richard Attias & Associates

In Focus

GABON Business 29/06/2020

How Ycap became the Gabonese sovereign fund's favorite asset manager

After having been sanctioned by France's financial markets authority, financier Yariv Elbaz has succeeded in making a comeback in Gabon with his fund Ycap, which has become the main financial partner of the country's sovereign fund.

Inner circles

GABON Politics 30/04/2020

Omar Denis Jr Bongo cuts an increasingly solitary figure

The 26-year-old half-brother of Ali Bongo and grandson of Denis Sassou Nguesso, Omar Denis Jr Bongo, appears to have been increasingly ostracised by the Gabonese president's clan, who suspect him of harbouring presidential ambitions for 2023.

GABON MAURITANIA Business Document 28/04/2020

Olam self-medicates marketing strategy to shore up its image

While marching on with its strategy to divest from African infrastructure projects and facing up to a feisty inquiry commission in Mauritania, the Olam group is actively engaging African countries faced with the Covid-19 pandemic to improve its reputation.

GABON Politics 24/04/2020

Lambert-Noël Matha keeps tight rein on state security amid Covid-19 pandemic

While the presidential couple leads the public information campaign on the coronavirus crisis, the all-powerful interior minister Lambert-Noël Matha is keeping a tight grip on the levers of the security apparatus, ready to crack down on any social unrest sparked by the epidemic.

AFRICA FRANCE Finance Business 09/04/2020

How BNP Paris is quietly shedding its African liabilities

It's been more than five years since BNP Paribas, in the wake of the $8.9 billion fine imposed in 2014 by the U.S. Department of Justice for doing business with countries under sanctions, gave up its very lucrative oil-backed lending and other high-stakes activities in Africa.

MOROCCO Finance Business 05/03/2020

Set up email notifications for these topics

GABON
Abdoul Oceni Ossa
Akim Mouguiama Daouda
Ali Bongo
Audrey Bongo
Banque internationale pour le commerce et l'industrie du Gabon
BNP Paribas
Brice Laccruche Alihanga
Fonds gabonais d'investissements stratégiques
Grand Loge du Gabon
Manuel Mouguiama Daouda
Mohamed Ali Saliou
Noureddin Bongo
Patience Dabany
Patrick Mouguiama Daouda
Sylvia Bongo
Yariv Elbaz

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Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence