By Emmanuel Tumanjong

In the wake of the recent coup against President Ali Bongo Ondimba, General Clotaire Brice Oligui Nguema, the leader of Gabon’s junta, has made it clear that maintaining a smooth business climate is a top priority.

During a meeting held within the prestigious presidential palace in Libreville, Nguema reassured a group of prominent businessmen from the Fédération des Entreprises du Gabon that every endeavor would be undertaken to honor the country’s commitments both domestically and internationally.

Nguema emphasized that swift action would be taken under his direct supervision to tackle the issue of domestic debt. To this end, he announced the establishment of the Libreville Club, a dedicated entity that will focus on settling the debts owed within the country.

The Club de Libreville, originally formed in 2022 under the previous administration, serves as an economic interest group led by BGFIBank. Its primary objective is to restructure the debt owed by the state to local businesses. Nguema believes that this mechanism will not only provide a much-needed boost to the national economy but also restore confidence in domestic companies and safeguard vital employment opportunities.

Henri-Claude Oyima, the chairman of FEG, expressed his optimism about the potential impact of the Libreville Club. He believes that this strategy will not only stimulate economic growth but also contribute to the overall wellbeing of the nation by preserving crucial job opportunities.

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