Word: gabon
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...Europe. Entrepreneurial spirit has all but evaporated: while rich Gabonese may fund new businesses, most are set up and run by Europeans. And the nation is afflicted by a widespread sense of moral degeneration - from bureaucratic corruption to petty theft to sexual violence. "The lack of standards shown by Gabon's leadership has generated a complete immorality in the country," says a European economist in Gabon. "That's the real curse...
...Gabon: The Thrill Has Gone So what happens when the wells start to run dry? Look at Gabon...
...plates, dresses, jewelry, liqueurs, TVs, dvds, fridges, children's toys and mobile phones," says André Boussougou, 40. His specialty is aluminum, which he sorts and sells to a pot manufacturer, and leather, which he hawks to a dealer who exports to Europe. "It's really two worlds in Gabon," says Ernst & Young's Watremez. "Rich, poor. There's nothing in the middle...
...Gabon is at the beginning of the end of its life as an oil producer. Without new finds, output is expected - optimistically - to halve in the next 20 years and stop in 30. And oil's legacy? A country that ranks 124th on the human-development index, but where Hummer and BMW dealerships thrive. Libreville itself has ranked among the Top 10 most expensive cities in the world for most of the past 20 years. But beyond these privileged circles, there is little evidence of a trickle-down effect. Opposition leader Pierre Mamboundou says his party, the Gabonese People...
...mercenaries known as the Buffaloes seized power for a week to protest over the secrecy and corruption surrounding concessions granted to Nigeria. The Buffaloes are now the Christian Democratic Front, and the support they lay claim to underlines public wariness that São Tomé might "do a Gabon," as the party's leader Alecio Costa puts...