The regional authorities are currently working to create two new institutions that will serve to provide banks and merchants in CEMAC with more information on their customers. This will allow for an improvement in both the development of local payment systems and the ability of banks to lend with increased confidence.
Despite its small population, Gabon has a relatively large insurance market, thanks in part to its high per capita income. The industry contracted in 2015 on the back of the drop in oil prices, but the prospects for the sector’s long-term development, particularly the life and micro segments, are strong. Plans to raise mandatory capitalisation...
Gabon is home to the regional stock market of CEMAC, the Central African Stock Exchange (Bourse des Valeurs Mobilières d’Afrique Centrale, BVMAC). While the exchange has attracted many bond listings since it began operations eight years ago, equity listings and secondary trading activity remain limited. To address this, the regulator...
Lenders in commodity-dependent Gabon were hit by the macroeconomic slowdown, but the outlook has since brightened, and with several new players looking to flex their muscles, lending to the private sector and households is expected to rise significantly. Gabon’s banking sector is heavily concentrated – a trait of many of the continent’s...
What has been the impact of exogenous pressures on the banking sector?
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