AGP Executive Report
Last update: 3 hours agoOffshore Investment: BW Energy secured $208 million in lease financing for the Akoum platform at Gabon’s Bourdon field and extended its $250 million credit facility by 18 months. First oil is targeted for early 2028. Power Supply: Gabon, SEEG and Aurion Capital signed an MoU for a proposed 150–450 MW gas-fired power program in Greater Libreville, with financing expected to exceed $1 billion and no state financial commitment. Digital Infrastructure: Airtel Gabon and ZTE deployed a Massive MIMO system to boost network capacity and prepare for 5G. Payments: A proposed update to Gabon’s digital payments rules aims to improve financial inclusion, regulate providers and connect payment systems across borders. Currency: Five older CEMAC coin series lose legal tender status on November 1; holders can exchange them through October 2027. Oil Market: Gabon’s OPEC crude output fell by 11,000 barrels a day in September, to 207,000.
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