US EditionGabon gets $3.2bn loan to build power stations, railway and factories - Global Construction Review
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Gabon gets $3.2bn loan to build power stations, railway and factories - Global Construction Review
The newly elected government of Gabon has signed two agreements with the Africa Export-Import Bank accepting loans worth more than $3.2bn for industrial development. The funding is equal to 16% of the West African country’s GDP. The new president, Brice Oligui Nguema, who led the 2023 coup overturning the 56-year-long Bongo dynasty, aims to diversify Gabon’s economy away from hydrocarbons. The agreements were signed during the bank’s annual m…
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