AGP Executive Report
Last update: 8 hours agoUN Funding for Gabon: The UN System in Gabon says it mobilized 10.5 billion FCFA (about $18.5m) for 2025 across 21 agencies, targeting governance and human rights, a green-blue economy transition, and social inclusion—with journalists pressing for clarity on real-world impact. Oil & Gas Update: ReconAfrica reports progress on offshore Gabon seismic reprocessing (expected to finish by year-end) and says its Namibia KW1X flow-test samples point to thermogenic gas with liquid potential, with horizontal drilling possible in October. Regional Finance: BEAC kept CEMAC rates unchanged, holding the tender rate at 4.50% as banks continue to lean on liquidity. Corporate/Markets: Tullow Oil shares plunged after Ghana’s arbitration upheld a $196.5m corporate tax assessment tied to insurance proceeds. Trade/Business: Africa Bright Securities plans a permanent Gabon presence and a capital increase, pending regulator approval. AI Strategy: Gabon has started consultations to draft its first national AI strategy, covering skills, data, governance, security, and rights.
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