AGP Executive Report
Last update: 12 hours agoOil Production: Vaalco brought a new offshore Gabon well online at about 2,000 barrels a day, completing its Etame drilling campaign and adding production. Currency Update: Old CFA franc coin series will lose legal-tender status across CEMAC, including Gabon, on November 1; holders will have a one-year exchange period, though exchange arrangements are still pending. Credit Pressures: Moody’s turned positive on its regional outlook but kept Gabon among four countries with negative outlooks, citing spending pressures; it expects Gabon’s debt to rise sharply. Gabon also recorded CEMAC’s highest effective lending rate, at 21.51% in the second quarter. Digital Infrastructure: Vertiv and Cybastion agreed to pursue digital infrastructure projects in several African markets, including Gabon. Financial Services: Cameroon’s Emrald Securities Services launched a microfinance subsidiary there, expanding a group already operating in Gabon since 2025.
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