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Gabon: two government loans validated

28/02/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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Since February 23, the Council of Ministers has validated two state loans from donors.

The first loan will be from Deutsche Bank. This is an amount of one hundred fourteen million seventy thousand (114,070,000) Euros, i.e. seventy-four billion eight hundred five million fourteen thousand nine hundred ninety (74 825 014 990) FCFA (74 825 014 990) FCFA. According to the final statement of the said Council of Ministers, this amount will be used to finance the project for the design and construction of two “flyovers”, four pedestrian footbridges and the new

Ebel-Abanga bridge.

The second loan is set at twenty billion (20,000,000,000) CFA francs and will be contracted by the Gabonese State from the Gabonese State from the Development Bank of Central African States (BDEAC). It will finance the project called “Comprehensive Plan for the Resettlement of Persons Affected by the Project to Develop the Gue-Gue, Lowe-iai and New Earth Watersheds

”.
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