Le Fonds souverain gabonais (FSRG) plans to increase its participation in the Gabonese Banking Union (UGB) in the near future.

The FSRG plans to buy the 3.75% of the shares in UGB currently owned by the Gabonese Development Bank (BGD), a public entity that has been in liquidation since 2018. If the operation is successful, Gabon would own 29.84% of the UGB, with the Gabonese State already holding 26.09% of the shares, in addition to the 3.75% currently held by the BGD. This initiative is part of the missions of the Sovereign Wealth Fund, which aims to acquire and manage participations in strategic companies in Gabon

It should be noted that the FSRG has already purchased several government shares. In 2020, he notably acquired BNP Paribas' shares in the Banque Internationale pour le Commerce et l'Industrie du Gabon (BICIG), which he then sold to the Ivorian group Atlantic Financial Group. The FSRG is managed by the Gabonese Strategic Investment Fund (FGIS), while the Union Gabonaise de Banque (UGB) is the third largest bank in Gabon, currently majority owned by the Moroccan group Attijariwafa Bank