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African Finance Corp says Gabon political situation a 'good coup'

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The recent coup in Gabon was executed peacefully and appeared to be a 'good coup', with society and business operating as usual, a senior executive from the African Finance Corporation (AFC) said on Thursday.

London, Sept 7 - The recent coup in Gabon was executed peacefully and appeared to be a "good coup", with society and business operating as usual, a senior executive from the African Finance Corporation said on Thursday.

"We have significant investments in Gabon and so far the coup has been very peaceful, the thinking has been very mature, normal life is going on ... the assets are safe and everything is operating, which probably means it is a good coup," Sanjeev Gupta, executive director of financial services at the AFC, said at the Reuters IMPACT climate conference in London.

The Lagos-based AFC is a pan-African multilateral development institution, with nine members, mostly from western African states. It is 42.5%-owned by Nigeria’s central bank, 47.6% by other African financial institutions and 9.8% by industrial and corporate shareholders, according to its website.

 

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