AGP Executive Report
Last update: 5 hours agoGovernance: The Commonwealth’s ministerial group removed Gabon from its formal agenda, citing progress in restoring elected government and completing the transition. Energy Finance: Africa’s $5bn Energy Bank formally launched in Abuja to fund projects across the energy value chain, against an estimated $200bn continental investment need. Economic Outlook: Afreximbank forecasts Gabon’s economy will grow 3.3% in 2026, supported by hydrocarbon receipts, while highlighting the need to diversify exports beyond crude oil. Digital Economy: Gabon has launched 5G, with regulator ARCEP requiring operators to meet coverage, service-quality and consumer-protection standards. The GSMA says more affordable smartphones and continued network investment are key to widening internet access. CFA Cash: Old CFA franc coins issued from 1958 to 1985 lost legal-tender status across CEMAC on November 1. In Gabon, they can be exchanged at banks, microfinance institutions or BEAC counters until July 31, 2027; BEAC exchanges continue through October. Offshore Safety: Three bodies have been located after the Prospector 5 rig sank off Gabon; two people remain missing. Production at the nearby MaBoMo platform has resumed.
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