Reuters: Gabon News

IMF cuts sub-Saharan Africa 2012 growth forecasts

Mon, 14 May 2012 03:30:00 +0000

JOHANNESBURG, May 14 (Reuters) - Sub-Saharan Africa's economies will expand at a slower rate in 2012 than earlier projected, undermined by global financial distress and a sluggish recovery in South Africa, the International Monetary Fund (IMF) said on Monday.

FACTBOX-Key political risks to watch in the Gulf of Guinea

Fri, 11 May 2012 18:36:14 +0000

DAKAR, May 11 (Reuters) - The Gulf of Guinea - a growing source of oil, cocoa and metals - spans more than a dozen West African countries, many ravaged by civil wars and coups. The region faces increasing piracy threats, drug smuggling and political uncertainty.

TEXT-S&P report:Sub-Saharan African economic growth continues

Fri, 04 May 2012 08:51:27 +0000

(The following statement was released by the rating agency)

Olympics-Fixtures for the London 2012 Olympic soccer tournaments

Tue, 24 Apr 2012 20:23:38 +0000

LONDON, April 24 (Reuters) - Fixtures for the men's and women's London 2012 Olympic Soccer tournaments. Men's fixtures Thursday, July 26 Group D Spain v Japan, Glasgow (1100) Honduras v Morocco, Glasgow (1345) Group B Mexico v South Korea, Newcastle (1330) Gabon v Switzerland, Newcastle (1615) Group A United Arab Emirates v Uruguay, Manchester (1600) Britain v Senegal, Manchester (1845) Group C Brazil v Egypt, Cardiff (1

UPDATE 2-Olympics-Soccer-Britain to face Senegal in first game

Tue, 24 Apr 2012 15:35:05 +0000

LONDON, April 24 - Hosts Britain, taking part in their first Olympic soccer finals since 1960, will kick off their bid for gold against Senegal at Old Trafford after being placed in a tough opening round group in the draw at Wembley on Tuesday.

Olympics-Draws for the London 2012 Olympic soccer tournaments

Tue, 24 Apr 2012 10:47:34 +0000

LONDON, April 24 (Reuters) - Draws for the men's and women's London 2012 Olympic Soccer tournaments made in London on Tuesday. Women's draw Group E Britain New Zealand Cameroon Brazil Group F Japan Canada Sweden South Africa Group G United States France Colombia North Korea Men's draw Group A Britain Senegal United Arab Emirates Uruguay Grou

TEXT-Fitch revises Banque Gabonnaise de Developpement to positive

Thu, 05 Apr 2012 14:26:02 +0000

April 5 - Fitch Ratings has revised Banque Gabonnaise de Developpement's (BGD) Outlook to Positive from Stable and affirmed its Long-term Issuer Default Rating (IDR) at 'B+'. A full list of rating actions is at the end of this release. The Outlook revision follows Gabon's Outlook revision to Positive from Stable (see 'Fitch Revises Gabon's Outlook to Positive; Affirms at 'BB-'' dated 5 April 2012 at www.fitchratings.com). BGD's Long-and Short-term IDRs, Support Rating and Support Rating Floor

TEXT-Fitch revises Gabon's outlook to positive; affirms at 'BB-'

Thu, 05 Apr 2012 10:36:26 +0000

The Gabonese economy is benefiting from the rapid increase in oil prices that rose 39.4% in 2011, which has largely offset the stagnation in output, and from substantial public investment. GDP per head, at USD10,500 in 2011, is well above that of 'BB' category peers. Real GDP growth was estimated at 6.7% in 2011 and should remain at a comparable level in 2012 given current high oil prices and investment spending. Uncertainty remains concerning future oil output. In the absence of a m

INTERVIEW-AfDB head cautions on use of Africa's newly-found oil cash

Wed, 04 Apr 2012 15:26:18 +0000

NAIROBI, April 4 (Reuters) - African nations joining the elite club of oil and gas producers should invest in education and roads while supporting traditional sectors to avoid the "oil curse" trap, the head of the African Development Bank said.

UPDATE 1-U.S. drops remaining charges in arms bribery case

Tue, 27 Mar 2012 21:08:39 +0000

* The defendants had pleaded guilty after foreign bribery sting