Fresh news on business and economy in Gabon

Provided by AGP

AGP Executive Report

Last update: 19 minutes ago

Oil & Gas Frontier: Sao Tome & Principe has launched a fast-track licensing round for three ultra-deepwater blocks west of the islands, with bids due by 30 June and a $25,000 submission payment; stakes can reach 85% for firms, while the state keeps 15%, and major players already active in the deep waters include Shell, TotalEnergies, Petrobras, Galp, and Kosmos. Human Security: Nigeria’s police say they arrested 13 suspects and rescued 30 Malians in a transnational trafficking and fraud ring, following a 17-day intelligence operation after a petition from Malian citizens in Nigeria. Resource-Value Push in Gabon: At the Africa CEO Forum, Gabon’s leaders renewed pressure for local processing—Gabon’s manganese push includes a plan to acquire a stake in Eramet/Comilog and a warning to process manganese domestically or face replacement. Energy Reality Check: A new report says decades of oil output in countries like Nigeria have not cut poverty or delivered broad-based growth, arguing the model has served exports more than local development. Sports: Kenya’s Diana Wanza won women’s 10,000m gold in Accra, completing a rare 10,000m double for the country.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

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Decades Of Oil Production In Nigeria Has Fails To Reduce Poverty, Stimulate Economic Recovery – Report

Decades Of Oil Production In Nigeria Has Fails To Reduce Poverty, Stimulate Economic Recovery – Report

Gabon President Wants French Mining Giant to Process Its Manganese Locally — or Leave

Gabon President Wants French Mining Giant to Process Its Manganese Locally — or Leave

“Put Money Where the Mouth Is” — Nigeria’s Tinubu and Gabon’s Nguema Urge Shift from Raw Exports to Value Addition

“Put Money Where the Mouth Is” — Nigeria’s Tinubu and Gabon’s Nguema Urge Shift from Raw Exports to Value Addition

“It Is Up To Us To Raise Ourselves To Where We Should Be,” Kagame To Africa CEO Forum

“It Is Up To Us To Raise Ourselves To Where We Should Be,” Kagame To Africa CEO Forum


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