is
the son
of Omar Bongo,
who was president of Gabon from 1967 until
his death in 2009. Ali took over at the time
of his father’s death. During his father’s
presidency, Ali was Minister of
Foreign Affairs.
Today, 31
August, General Brice Oligui Nguema, was
named Gabon’s new leader. He served the
Central African country’s long-time former
president Omar Bongo before finally turning
on his son, ousting leader Ali Bongo.
The
announcement of the voting results on 30
August 2023, they say, prompted the military
coup of Gabon, a resources-rich
Central African country at the African West
Coast. The military claimed electoral fraud
– what else is new, just look at elections
in the west and around the world.
Gabon is a
former French colony – and new economic and
monetary colony – for the last 50-plus
years. See
this and
this.
The new
Gabonese military junta rejected the
election results, dissolved all state
institutions, and placed Ali Bongo under
house arrest. It looks like this may be the
end of a 55-year Bongo-family dynasty. See
this from BBC:
Unlike other
West- and Central African countries, Gabon
has no US military base, but easy access to
military advice and training from the US
largest African military base in Djibouti.
These are the
recent Francophone African military
uprisings:
Niger (July 2023);
Burkina Faso (January 2022),
Guinea (September 2021);
Chad (April 2021);
Mali (August 2020);
and now Gabon (30 August 2023).
At the
outset, it looks like the former French
colonies and present French neo-colonies
have had enough of French enslavement and
shameless monetary exploitation.
That may be
true, though, at the same time, there is a
growing US influence visible in West- and
Central Africa. Maybe Madame Victoria
Nuland’s – Deputy US Secretary of State –
recent three visits to the region are
indicative. The latest visit to Niger took
place on 7 August 2023, under the pretext of
the US interest to restore stability in the
Region.
It looks
quite convincingly like Washington would
like to get rid of France in Africa and
replace the French with their own style of
neo-colonialism.
The 14 West
(8) and Central (6) African former French
colonial territories may finally get rid of
the cursed, French Central Bank controlled
CFA Franc which was their French-imposed
currency since “independence”, analogous to
a highly coercive price for independence.
But,
will it be replaced by the US-dollar?
God forgive!
May they – all 14 West-and Central African
countries – apply for BRICS membership at
the next round in 2024. One of the BRICS
top-priorities is de-dollarization.
Interests
in Gabon?
Other than
enhancing the strategic stronghold in Africa
– against the potential interests of Russia
and China – Gabon has sizable natural
resources. It is one of the
resources-richest Sub-Sahelian countries.
According to
World Bank data, Gabon’s surface is 267,670
sq. km (2020), about half the size of France
(547,557 sq. km). Of Gabon’s total surface,
some 88% is covered by forest, mostly rain
forest. This level of forestation can be
maintained thanks to Gabon’s relatively low
population of only 2.4 million (World Bank
2023 estimate).
Gabon is
situated in a region known for its mineral
wealth. Gabon’s minerals include, timber,
manganese, diamonds, gold, and uranium.
Minerals are so important to the country’s
economy that the entire economy revolves
around the country’s mining industry, to the
detriment of agricultural development.
Mining
Industry Gabon has the second largest
deposit of manganese in the world and is
currently the world’s third largest
producer. From high-grade
manganese to minerals, there are
over 250 million tons of manganese reserves,
and their metal content is between 48% to
52%.
Manganese is
Gabon’s second largest export product,
accounting for roughly 11% of Gabon’s total
exports. La Compagnie Minière de l’Ogooue
(COMILOG), a subsidiary of the French
company ERAMET, is the largest company
currently producing manganese in Gabon.
Mining
prospects also exist for iron, copper,
diamonds, and other minerals.
Gabon
has the sixth largest proven oil deposits in
Africa, with an estimated 3.68 billion
barrels of oil reserves. The daily
production is estimated at 0.244 million
barrels, with a minimal local consumption of
0.013 million barrels. The balance is
exported. More than 90% of it to the United
States.
Gabon, the
fourth largest oil producer in Sub-Saharan
Africa, posted strong economic growth over
the past decade, driven mainly by oil and
manganese production. In 2020, the oil
sector accounted for 38.5% of GDP and 70.5%
of exports despite efforts to diversify the
economy.
Gabon also
has large deposits of natural gas which are
estimated to be over 28.3 billion cubic
meters. The production of the natural gas in
the country is estimated to be about 0.1
billion cubic meters per year. Unlike the
country’s crude oil which is primarily
destined for foreign markets, Gabon consumes
all the natural gas it produces. See
this.
Gabon’s
almost exclusive reliance on oil exports is
a real danger for her economy and social
development, especially given the volatility
of hydrocarbon prices. Due to this reliance
on petrol income, the agricultural sector
has been neglected to the point where,
according to government estimates, more than
80% of food is imported – and this given the
high degree of fertility of Gabon’s soil.
See
this.
Food imports
make for food price volatility an
instability.
Given her
resources, Gabon may be one of the
most obvious Sahel countries attracting
foreign interests. In this case, the US
wants to strengthen their foothold in Gabon.
Washington controls now almost 100% of the
country’s crude oil exports, not to be
challenged by other contenders.
The
hydrocarbon energy market which is
hypocritically being suppressed by the west
for the climate change hoax while
every western country knows that without
hydrocarbon the world economy as it presents
itself today would collapse. Today, still
about 85% of all energy used in the world
stems from hydrocarbons.
Gabon’s
hydrocarbon resources might be sought after
also by other blocs, like China and Russia.
The US will make sure they will not lose out
on what they already control. Not to forget
all the other natural resources riches Gabon
possesses.
Therefore, it
is not to be excluded that Washington may
have played a role in timing the military
coup just coinciding with the Gabonese
elections – fake elections, naturally.
Let’s see, if
and when Washington’s Madame Nuland will
show up and look for order and calming
unrest in Gabon – with US assistance, of
course.
Peter Koenig
is
a geopolitical analyst and a former Senior
Economist at the World Bank and the World
Health Organization (WHO), where he worked
for over 30 years around the world. He
lectures at universities in the US, Europe
and South America. He writes regularly for
online journals and is the author of Implosion
– An Economic Thriller about War,
Environmental Destruction and Corporate
Greed; and co-author of Cynthia
McKinney’s book “When China Sneezes: From
the Coronavirus Lockdown to the Global
Politico-Economic Crisis” (Clarity
Press – November 1, 2020).
Peter is a Research Associate of the
Centre for Research on Globalization (CRG). He
is also a non-resident Senior Fellow of the
Chongyang Institute of Renmin University,
Beijing.
Featured image: Satellite image of
Gabon (Licensed under the Public Domain)
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