Gabon
The African Development Bank has started fulfilling its promise to disburse 1.5 billion US dollars to help boost economic recovery in Gabon between 2017 and 2019.
The first portion of this financial support estimated at 238 million dollars has already been paid out.
The disbursement of the funds will be discussed during an exchange next week between Gabonese officials and those of the African Development bank.
The financial support comes as a boost to Gabon’s economy which has been undermined in recent years by a fall in oil prices, its main source of income.
Three months ago, the International Monetary Fund approved a $642 million loan to Libreville geared towards supporting its medium term recovery programme.
01:42
South Africa braces for a high-stakes G20 summit without the United States
01:00
French President Emmanuel Macron to embark on Africa tour
01:16
Madagascar's military-led government names mostly civilian cabinet
00:58
EU and Egypt hold inaugural joint summit
01:03
South Africa's DA party proposes axing race-based legislation
00:55
Gold prices hit historic $4,000 mark amid global uncertainty