politicsneutral

Gabon's Government Shake-Up After Credit Rating Drop

GabonSaturday, January 3, 2026
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President Brice Oligui Nguema has taken decisive action, firing Finance Minister Henri Claude Oyima. This move comes just days after Gabon's credit rating was downgraded, pushing it deeper into junk status.

A New Finance Minister Takes the Helm

The president has appointed Thierry Minko as the new finance minister. Minko faces a daunting task:

  • Managing the economy
  • Overseeing finance and debt
  • Working to lower the high cost of living

Additionally, Marc Abeghe has been named deputy minister for the budget.

Gabon's Financial Struggles

The firings and appointments signal Gabon's efforts to address its financial troubles. However, the question remains: Will these changes be enough?

Gabon is not alone in its struggles. Many nations grapple with debt and rising living costs. The real test will be whether the new leadership can steer the country toward stability.

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