Secrets of Gabon's wealth fund | DRC: Gécamines' revenge | Cameroon's oil sector grinds to halt

More news: Kenya, Ghana, Madagascar

Monday 3 November Read this issue     In Focus | Gabon The secrets behind the FGIS, a sovereign wealth fund set adrift   Gabon's sovereign wealth fund, endowed with nearly €300m, is now on its last legs. It is undermined by power struggles and financial mismanagement, and has failed in its mission to develop a non-oil economy for the country. Africa Intelligence reveals how it arrived at this sorry state.   Subscribers only | Finance     Central Africa     DRC Gécamines calmly takes revenge on foreign traders Gradually, the state-owned mining company is implementing its strategy to become a major player in the marketing of copper and cobalt. To this end, it has teamed up with Swiss trader Mercuria.   Subscribers only | Central Africa, Mining, Commodity traders       Cameroon Downstream oil sector paralysed by post-election crisis   The unrest that has gripped Douala since 27 October has hampered fuel distribution in the country. With hauliers blocked, service stations vandalised and ships waiting offshore, the entire sector is at a standstill.   Subscribers only | Central Africa, Energy     West Africa     Ghana Accra's return to the bond market takes shape   Initially planned for the end of 2025, the next issue of domestic bonds by the Ghanaian government should finally take place in the second half of 2026. This will give John Dramani Mahama's government time to win over investors and rating agencies.   Subscribers only | West Africa, Finance     In brief Ivory Coast Lomé serves as low-key mediator in the UEMOA crisis   Subscribers only | Politics     Eastern Africa and the Horn     Kenya $350m contract awarded to Ruto allies under investigation   The amount and length of the negotiated contract and the closeness of certain shareholders to the head of state have raised eyebrows. Hearings with senior government figures have been planned by the anticorruption agency while parliament also intends to look at the issue.   Subscribers only | Eastern Africa and the Horn, Politics, Business       Tanzania Election crisis: Samia Suluhu Hassan seeks support from Ruto and Museveni     While the Kenyan and Ugandan presidents have been able to speak with the head of state, who is running for re-election, Western embassies have been operating in the dark since the first day of the election.   Subscribers only | Eastern Africa and the Horn, Politics     Southern Africa and islands     Madagascar African Union plays Malagasy crisis by ear   The panafrican organisation's involvement in Madagascar seems to be out of step with needs in the country after the violence that brought about a change in regime in Antananarivo.   Subscribers only | Southern Africa and islands, Diplomacy     North Africa     Algeria Relationship with Algiers is top priority for Macron's new chief of staff   Paris and Algiers continue to try to set up still very uncertain talks through their respective presidential chiefs of staff.   Subscribers only | North Africa, Diplomacy       Morocco Royal Air Maroc prepares huge pilot recruitment campaign   As the national airline prepares to take delivery of around a hundred aircraft between now and 2037, it is launching a major recruitment drive for foreigners while trying to retain its pilots who are approaching retirement age.   Subscribers only | North Africa, Business

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