Gabon partners with Africa Global Logistics for Kobe-Kobe deep-water port development
via Gabon Review2 min read
Gabon has signed a strategic agreement with Africa Global Logistics AGL on April 23, 2026, in Libreville, to develop the Kobe-Kobe deep-water port in the Komo-Océan department. This project aligns with the National Growth and Development Plan PNCD 2026-2030 championed by the President of the Republic, Brice Clotaire Oligui Nguema. The Kobe-Kobe site was selected for its exceptional natural capabilities on the Atlantic coast, designed to accommodate large tonnage vessels that the natural configuration of Owendo cannot handle. It is intended to serve as the primary maritime outlet for the Belinga iron deposit and an integrated logistics platform, featuring railway infrastructure, world-class port facilities, and green energy production. AGL, a wholly-owned subsidiary of MSC Group, the world's largest shipping company, manages 42 port terminals in Africa and operates in 49 countries. AGL has a long-standing presence in Gabon, employing over 1,100 people, 98% of whom are Gabonese, and generating nearly 1,000 indirect jobs through Owendo Container Terminal OCT and the DPS shipyard in Port-Gentil. The company has invested over 20 billion CFA francs in local infrastructure modernization over the past three years. The new convention does not impact the port of Owendo, whose handling capacity doubled in 2024. The two sites are designed to be complementary: Owendo will remain the hub for containerized commercial activity in Libreville, while Kobe-Kobe will become the gateway for major
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Must ReadInvestigations are ongoing into an alleged embezzlement of over 700 million FCFA related to vacation bonuses at Gabon's Ministry of National Education. The public prosecutor, Dick Fabrice Boungou Mickolo, confirmed on Saturday, June 6, 2026, that the financial damage exceeds initial estimates, with twenty individuals currently in police custody. The case originated from a 2025 audit by the Ministry of Economy and Finance, which identified irregularities in the beneficiary list after an abnormal increase in the vacation bonus budget. The fraud scheme reportedly involved creating fictitious budget lines for bonus payments via bank transfers or cash vouchers, primarily benefiting individuals within the Ministry's Central Directorate of Financial Affairs. An agent from this directorate, among those arrested, has implicated the Minister of State for National Education, Camélia Ntoutoume Leclercq, stating that all ministry expenditures bore her approval and that as the principal authorizing officer, she could not have been unaware of the financial movements. These statements are part of the ongoing investigation and will be cross-referenced with judicial inquiries to establish responsibilities and the exact extent of the state's losses.
Gabon will host the 2027 Qwan Ki Do African Championship in Libreville, aiming to promote the martial art across the continent and highlight Gabonese athletes' performances. This decision follows Gabon's success at the 8th Qwan Ki Do World Championship in Romania from May 22 to 24, 2026, where the national team earned one silver and two bronze medals, finishing as vice-world champions. The continental competition will bring together top African teams in Qwan Ki Do, a Sino-Vietnamese martial art that combines unarmed combat, weapon techniques with bladed weapons, and philosophical elements from Taoism. The event will feature strikes, throws, joint locks, and codified forms known as quyens, performed in competition or demonstration. The championship is expected to attract official delegations, coaches, and enthusiasts from various African countries. By hosting this event, Gabon seeks to confirm its growing prominence in Qwan Ki Do and strengthen its position as a host for major sporting events in Africa.
Shareholders of the American oil group VAALCO Energy have approved the expansion of its long-term incentive program, a decision announced on June 4, 2026, from Libreville. This move aims to further align the interests of employees and executives with the company's performance. The program allows employees and senior managers to receive shares or financial options whose value is tied to the group's stock market performance. This mechanism is designed to ensure that as VAALCO creates value, the potential gains for participants increase. The company, listed on the New York Stock Exchange under the ticker EGY, views this as a strategy focused on human capital, particularly in Gabon, where it has operated for over two decades. George W. M. Maxwell, Chief Executive Officer of VAALCO Energy, stated that employees are the driving force behind their performance and that this program reinforces their commitment to involving everyone, worldwide, in their shared successes. This initiative is part of a broader strategy emphasizing operational excellence, financial discipline, and continuous investment in human capital. In Gabon, where VAALCO has been present since 2002 as the operator of the offshore Étame-Marin field, this decision aligns with its commitments to local content, including the development of Gabonese skills, creation of skilled jobs, technology transfer, and contribution to the country's energy sovereignty. The extension of this incentive program comes as oil operators in G