Driven by increasing corporate activity on the back of steady headline growth, Gabon has developed a comparatively large insurance sector, despite the country’s small population. Much of the sector’s growth has been linked to industrial development and expansion of infrastructure in recent years, mostly encouraged by the government’s Emerging...
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Articles & Analysis | The Gabonese insurance sector attracks foreign investors from The Report: Gabon 2015
The recent return to the bond market by Saudi Arabia marks a significant shift in government policy as the world's biggest oil exporter taps capital markets to cover budgetary shortfalls and balance drawdowns of foreign reserves.
Chapter | Banking & Financial Services from The Report: Gabon 2015
Banking growth is expected to be subdued due to the fall in oil prices, though new developments such as the introduction of mobile money services and increased inter-bank cooperation have served the sector in good stead over the long run. Insurance, meanwhile, grew by 3.3% in 2014, mainly due to the uptick in industry and infrastructure activity.
This chapter includes interviews with...
An upper-middle-income country situated on the Gulf of Guinea, Gabon is one of Africa’s leading oil producers. With a population of around 1.7m and a stable political system, it plays a leading role in the region through its membership in the CEMAC economic bloc.
Lower government revenues following the downturn in global hydrocarbons prices have prompted Trinidad and Tobago to re-evaluate its spending priorities and intensify its efforts to diversify the largely energy-driven economy. Thanks to the country’s strong fundamentals, 2015 is expected to be a recovery year, with the Caribbean Development Bank forecasting expansion of 1.7%, after GDP growth of less than 1% in 2014.
The commercial banking sector is one of the many sources of stability in T&T’s economy. With eight long established banks, backed by major international groups or the government, T&T’s banking system is well capitalised, well regulated and conservative in its lending practices. According to the Central Bank of T&T, at the end of October 2014 the eight banks had total assets within...