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Gabon, Afreximbank sign $3.8bn accord on manganese, gold

27th June 2025

By: Bloomberg

  

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Gabon’s government signed a $3.8-billion memorandum of understanding with the African Export-Import Bank to fund the development of manganese, gold trading, energy and rail infrastructure.

The central African nation is the world’s second-biggest producer of manganese, a mineral that’s used to harden steel produced for construction, and one of the smallest members of OPEC+, pumping 220 000 barrels of crude per day. The agreement was signed at Afreximbank’s annual general meeting in the Nigerian capital, Abuja, on Friday.

Henri-Claude Oyima, Gabon’s minister of state, economy, finance and debt, signed on behalf of the country.

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Edited by Bloomberg

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