"LE GABON ENERVANT" OR "ANNOYING GABON"

English version
“Long ways, long lies”, says the maxim. But Gagan Gupta will not fool us, for we are less stupid than the people he meets in Ali Bongo’s entourage.
When Olam borrows $ 228 million (114 billion CFA francs) from the BGFI owned by the Bongos, or Afreximbank and Ecobank; where does he want us to believe this money comes from (for BGFI Bank) and this loan is guaranteed by whom?
For all loans contracted by Olam Gabon, it is the Gabonese State that assumes responsibility for guaranteeing repayment of these loans. Olam receives the fresh money, but it is the Gabonese state that assumes the risks.
We will not give up !



Traduction française
« A beau mentir qui vient de loin » dit la maxime. Mais Gagan Gupta ne nous prendra pas au piège, car nous sommes moins bêtes que les gens qu’il rencontre dans l’entourage d’Ali Bongo.
Quand Olam emprunte 228 million de dollars (114 milliards de francs CFA) à la BGFI dont les Bongo sont les propriétaires, à Afreximbank et à Ecobank; il veut nous fa…

English version
In an article published by Jeune Afrique, Gagan Gupta, Olam's boss in Gabon, said that the Gabonese state now has a modern port at Owendo in Libreville without spending a single CFA franc. This assertion is false and we can prove it.
If you do a search, you will find that in 2015 Ali Bongo awarded the contract for the construction and operation of a mineral terminal to Olam's subsidiary, Gsez Mineral, at the port of Owendo. But how was this project financed?
The amount of the project was CFAF 75.6 billion, and was financed as follows: 1. Olam contributed its own funds amounting to CFAF 24 billion. 2. Two creditors, the Central African Development Bank and BGFI Bank, which provided CFAF 51.6 billion.
The loans granted by these two creditors were guaranteed by the Gabonese State and not by Olam. Therefore, when Gagan Gupta asserts that the State has not spent anything, he is kidding us because the Gabonese taxpayer is the guarantor of these loans of 51.6 billion FCFA.
W…