Since 1953, when oil was first discovered near Port-Gentil, Gabon’s economy has been dominated by the petroleum industry. According to the BP “Statistical Review of World Energy 2012”, Gabon is the sixth-largest crude oil producer in sub-Saharan Africa and has the region’s fourth-largest proven reserves.
As financial services firms regain ground after a tumultuous 2011, conditions are ripe for sharia-compliant banking, investment funds, insurance ( takaful) and bonds and equity instruments ( sukuk) to put Egypt on the global Islamic financial services (IFS) map. The concerns about conventional banking, resulting from the global...
The nation’s banks weathered a perfect storm of economic and political crises in the 2008-11 period. With a new government now established, supporting GDP growth and a rising rate of consumer spending, so long as the country remains stable the sector is well-positioned for profitability. What follows is a look at the top-five players in the sector...
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