General Information

Gabon is a member of the Franc Zone via the Economic and Monetary Community of Central Africa (CEMAC) for which the issuing institute is the Bank of Central African States (BEAC). The CFA or XAF franc is linked to the Euro with a parity fix guaranteed by the French Treasury.

Gabon has important natural resources, particularly in petroleum, of which it is the 5th-largest producer in Africa. In August 2023, a military coup overthrew President Ali Bongo and this situation leads to caution in activity with the various actors in the country, even if the new government wishes to maintain international relations unchanged.

Non-petroleum sectors such as the mining sector (manganese), agrifood, and wood will need to occupy a growing position in the country’s economy.

Means of Payment & Banking Specificities

We recommend the use of a confirmed documentary credit payable upon receipt or in a maximum of 60 days.
Payment delays are frequent if transactions have not been secured.
It is recommended to negotiate a deposit if exchange regulations allow it.
The best billing currency for trade remains the Euro.