Gabon: Latest News
Makula Dunbar, 5:33 pm
The International Finance Corporation (IFC), the largest global development institution, said on Tuesday it had invested more than $63m in a housing solutions fund for the support and development of affordable housing in South Africa and sub-Saharan Africa. The International Housing Solutions (IHS) Fund II aims to address the need for housing across the continent and the lack of affordable housing.
Dana Sanchez, 4:20 pm
Forty-seven sub-Saharan African countries have agreed on frequency coordination for digital switchover in 2015. Africa will be the first region globally to be in a position – by 2015 – to allocate so-called digital dividend spectrum to mobile services in both the 700MHz and 800MHz bands.
Ann Brown, 11:00 am
From Bloomberg Maurel & Prom SA (MAU) reported a 29 percent jump in first-half operating profit due to higher output in Gabon, where the French explorer is planning new wells to raise production by year-end. Operating income climbed to 111 million euros ($147 million) compared with 86 million euros a year earlier, the Paris-based company […]
Ann Brown, 9:36 am
There is a long history of seaborne piracy in Africa’s waterways, particularly between the Red Sea and Indian Ocean off the Somali coast. But piracy affects all of Africa, and it’s expanding.
In some areas, a do-it-yourself attitude to maritime security has bolstered the boat-building industry.
Dana Sanchez, 3:02 pm
There are an estimated 23 million barrels of oil in the Etame block. The field is owned by a consortium led by Houston-based Vaalco Energy.
Nanci Theoret, 12:04 pm AFKI Original
“We’re shipping good-old American products to Africa,” says Tim Truax, a production manager in Venice, Fla. “A lot of American companies pulled out of Africa, including Sherwin-Williams. We’re using their paint and will bring them back into Africa.”
Makula Dunbar, 6:04 pm
According to How We Made it in Africa, multinational companies including French retailer Carrefour and Singapore-based agribusiness Olam, have stepped into Gabon’s business arena. Now the country, through special incentives, is encouraging more investors to set up shop, create jobs and help stimulate the economy.
Keren Mikva, 11:00 am
The most important thing we can learn from these world-class philanthropists is that the more you donate, the more likely it is that you can name things after yourself.
Keren Mikva, 11:11 am
As the economy begins to bounce back, investors are on the lookout for exciting opportunities around the globe – and may be heading to some new territory. With a reputation for political instability, many countries in Africa have not seen the type of investment one might expect for the second-fastest growing economy in the world, […]
Makula Dunbar, 4:08 pm
Sub-Saharan Africa is home to nearly half of the worlds usable, uncultivated land but so far the continent has not been able to develop these unused tracts, estimated at more than 202 million hectares, to dramatically reduce poverty and boost growth, jobs, and shared prosperity.
- Real Estate