Gabon to Pass Banks & Financial Institutions Control Exclusively to Nationals, Council of Ministers Says
14:52 11.09.2025 (Updated: 15:04 11.09.2025)
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Gabon to Pass Banks & Financial Institutions Control Exclusively to Nationals, Council of Ministers Says
Once the measure is implemented, foreign nationals will be allowed to lead financial institutions only with an exemption granted by the National Economic and Financial Committee, according to the latest Council of Ministers communique.
This measure reportedly aims to strengthen economic sovereignty by ending the dominance of expatriates in leadership positions.
Thus, according to local media, the government hopes to:
🟠 promote management aligned with national priorities;
🟠 restore confidence in the banking sector;
🟠 address the challenges of non-performing loans.
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