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Report
Gabon military coup: Poor wealth distribution, key source of resentment against Ali Bongo
FRANCE 24 English
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8/31/2023
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News
Transcript
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00:00
With its vast oil reserves and natural resources, Gabon is one of the richest countries in Africa.
00:07
It's the fourth largest oil producer in sub-Saharan Africa, and the sector accounts for nearly
00:12
40% of GDP and over 70% of exports.
00:16
It's the world's second largest producer of manganese, an important alloy in steel construction,
00:21
and it also generates significant income from its rainforests.
00:25
All this helped it to recover quickly from the coronavirus pandemic, posting 3% growth
00:30
last year.
00:32
The country's population is small, with just 2.3 million people, and yet many of them do
00:37
not benefit from Gabon's considerable oil and mineral wealth.
00:42
This is a key source of resentment against the government of President Ali Bongo and
00:46
his family, which has ruled for 55 years.
00:52
One family holds all the power.
00:55
There's a semblance of democratic institutions, but it's all controlled by the regime.
01:02
It's basically an oil emirate run like a family property for almost six decades.
01:10
Over a third of Gabon lives in poverty, with one in five people unable to find work.
01:16
Among the youth, the jobless rate jumps to 38%.
01:20
One key factor is a lack of direct foreign investment, with weak governance and corruption
01:25
making Gabon an unattractive venture.
01:28
Transparency International ranks Gabon 136th out of 180 in its corruption index.
01:35
[BLANK_AUDIO]
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