Gabon Appoints New Economy Minister Amid Debt Crisis

In a significant political shift, Gabon has appointed a new Economy Minister as the nation grapples with severe debt challenges. This appointment comes at a critical time when the Central African country, which boasts considerable oil reserves, is seeking to stabilize its economy and address mounting financial pressures. The new minister, who has not been named in the sources, is expected to bring fresh strategies to mitigate the country’s fiscal woes.

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Gabon Junta Secures Direct Access to $620 Million Timber Industry

In a significant development for Gabon's timber sector, the ruling junta has been granted direct access to the nation's lucrative $620 million timber industry. This move marks a pivotal shift in the management and oversight of one of Africa's most abundant natural resources. The junta, which came to power following a coup in August, is anticipated to streamline operations and leverage this industry for both economic growth and political stability.

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