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Browsing: Gabon
- Somalia, South Sudan and Equatorial Guinea have emerged as the most corrupt countries in Africa in the 2023 Corruption Perception Index (CPI) by Transparency International.
- Liberia (25) has declined 16 points in the CPI score since 2016 while Mali (28) has dropped seven points in the CPI ranking since 2015.
- In 2023, Gabon ranked (28) having lost a similar number of points like troubled Mali since 2016.
Somalia, South Sudan and Equatorial Guinea have emerged as the most corrupt countries in Africa in the 2023 Corruption Perception Index (CPI) by Transparency International (TI). Equatorial Guinea (17), South Sudan (13) and Somalia (11) scored the lowest with TI saying these economies showed “no sign of improvement.”
Liberia (25) has declined 16 points in the CPI score since 2016 while Mali (28) has dropped seven points in the CPI ranking since 2015. In 2023, Gabon ranked (28) having lost a similar number …
United States officials and politicians have shown much interest and support for renewing the African Growth and Opportunity Act (AGOA) as its expiration date approaches in September 2025. The fate of this landmark legislation, which provides duty-free access to the US markets for some African countries, remains uncertain for the next 22 months but has significant implications for trade between the United States and Africa.…
Four African countries are staring at huge losses running into billions of dollars starting January 2024 following their expulsion from the African Growth and Opportunity Act (AGOA). The move will further worsen the unemployment crisis in the affected countries. Agoa offers thousands of jobs in apparels industry, especially to the youth.…
Commonwealth along racial lines, but the body managed to forge a compromise at its Nigeria summit, appointing a seven-nation panel to monitor Zimbabwe’s progress towards improved democratic values.
President Emmerson Mnangagwa’s government applied on May 15, 2018, to re-join the grouping, a year after toppling Mugabe through a military coup.
According to an article by the Independent dated June 17, 2022, Scotland subsequently deployed a Commonwealth team led by Ghana’s former president John Dramani Mahama to observe Zimbabwe’s 2018 elections.…
PIDG company, the Emerging Africa Infrastructure Fund (EAIF) has announced that it has arranged the long-term debt finance for a €305 million new port development by Gabon Special Economic Zone Ports (GSEZ Ports) at Owendo, Gabon.
In addition to its sole mandated lead arranger role, EAIF is lending the company €40 million over 15 years, on a first ranked basis. GSEZ Ports is EAIF’s first project in Gabon. It is the largest industrial-scale infrastructure public-private partnership yet seen in the country. Financial close was achieved on 26 July.
The African Development Bank (AfDB), which led the structuring of the finance, is also lending €40 million. The new funds will refinance the project, releasing money for the largest shareholder to reinvest in other infrastructure projects in Africa, some in Gabon. 75% of the capital for the port project is shareholder equity.
GSEZ Ports has been awarded a 30-year concession to build …