Gabon 's President Brice Oligui Nguema has replaced his finance minister, Henri-Claude Oyima, as the oil-producing African country grapples with a liquidity squeeze and rising arrears.
Gabon has become increasingly reliant on regional capital markets to meet its financing needs, though appetite for its debt "has weakened substantially", ratings agency Fitch said last month, when it downgraded the country's long-term foreign currency issuer default rating.
Oyima, a prominent banker and businessperson, was named finance minister in May, after Nguema won the first presidential election since he took power in a coup in 2023.
