Gabon, Afreximbank Sign $3.8 Billion Accord on Manganese, Gold
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.
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