Gabonese President Nguema Courts Angolan Investors

Gabonese President Woos Angolan Investors for Growth (NewsCentral TV) Gabonese President Woos Angolan Investors for Growth (NewsCentral TV)
Gabonese President Brice Oligui Nguema. Credit: RFI.

Gabonese President Brice Oligui Nguema has sought to convince Angolan investors on Friday to visit his country.

The Angola-Gabon economic roundtable brought together business leaders from both countries.

“I was saying since the 30 August 2023 [date of the coup in Gabon: ed] we have streamlined our procedures, we have revised the mining code and the petroleum code. There are two types of investment in our country, either in PPP [Putblic Private Partnership] or in BOT [Build-Operate-Transfer], depending on the model you choose,” Oligui said.

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Gabonese President Woos Angolan Investors for Growth (NewsCentral TV)
The Angola-Gabon economic roundtable. Credit: Mais Afrika.

Nguema is in Angola on a state visit, where a meeting organised by the country’s investment agency sought to build a bilateral strategic partnership.

Although Gabon and Angola are oil producers, both countries experience high levels of poverty and debt and are now making efforts to diversify their economies.

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