AGP Executive Report
Last update: 5 hours agoOffshore Safety: Borr Drilling confirmed a fourth death after its Prospector 5 rig sank off Gabon on October 24; one person remains missing. The rig was carrying 115 people, of whom 110 were rescued. An independent investigation is under way. Digital Expansion: Gabon plans to license Starlink and Eutelsat in the coming months to reach more than 200 villages without internet access. The country has also launched 5G, while a GSMA report says lower smartphone costs and continued network investment could bring 190,000 more people online by 2031. Economic Outlook: Afreximbank forecasts Gabon’s economy will grow 3.3% in 2026, supported by hydrocarbons, and urges broader diversification as exports remain concentrated in crude oil. CEMAC Currency: Older CFA franc coins can no longer be used for payments, but holders can exchange them at banks, microfinance institutions or the BEAC until July 31, 2027.
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