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France 24

Business

Charles PELLEGRIN

Gabon's economy: A wealth of resources that fails to trickle down to the population

Gabon Ali Bongo Charles Pellegrin Corruption FRANCE 24 Oil Poverty

BUSINESS DAILY © FRANCE 24

As a group of senior Gabonese military officers announce they have seized power and placed President Ali Bongo under house arrest, we take a closer look at Gabon's economic situation. The Central African nation is the fourth-largest oil producer in sub-Saharan Africa, but a third of its population lives below the poverty line. One particular source of frustration lies in the high levels of corruption: the country ranks 136th in Transparency International's Corruption Perceptions Index. FRANCE 24's Charles Pellegrin tells us more.

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