Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

VAALCO Energy to Invest $300 Million in Gabon by 2025

Allen dreyfus Logo
© Allen Dreyfus

Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Investment in Etame oil field aims to boost Gabon’s economy
  • Commitment to 80% Gabonisation of workforce

 

Libreville, Gabon – American oil company VAALCO Energy has announced plans to invest up to $300 million in Gabon by 2025. The investment will be focused on the firm’s Etame oil field situated off the coast of Gabon’s capital, Libreville, the company revealed this week during a meeting between CEO George Maxwell and Gabon’s economy minister, Mays Mouissi.

Stay ahead with Real time Updates

Recent Business

City of Kigali, Rwanda. Photo by Jean Claude Akarikumutima @ Unsplash
Rwanda Stock Exchange turnover jumps to $3.4bn as investor confidence deepens
07/01/2026
54 minutes ago
Alex Ngarambe
Read More »
Remittances in Euros and US dollars common in Africa. Photo by JustStartInvesting @ Unsplash
Egypt remittances hit $37.5bn in 2025 after FX reforms
07/01/2026
2 hours ago
Justice Nwafor
Read More »
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Ghana inflation falls to 5.4% in December, lowest since 2021 rebase
07/01/2026
5 hours ago
Joshua Worlasi Amlanu
Read More »
Custom Research

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
05/01/2026
2 days ago
Wanderi Kamau
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
05/01/2026
2 days ago
Wanderi Kamau
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
01/01/2026
6 days ago
Dulue Mbachu
Read More »

Latest Posts

Latest news insights

City of Kigali, Rwanda. Photo by Jean Claude Akarikumutima @ Unsplash
Read More »
Rwanda Stock Exchange turnover jumps to $3.4bn as investor confidence deepens
Remittances in Euros and US dollars common in Africa. Photo by JustStartInvesting @ Unsplash
Read More »
Egypt remittances hit $37.5bn in 2025 after FX reforms
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation falls to 5.4% in December, lowest since 2021 rebase
Electricity transmission line. Photo by Sherise Van Dyk @ Unsplash
Read More »
Mali secures $60mn to shore up power grid and curb outages
Remittances in Euros and US dollars common in Africa. Photo by JustStartInvesting @ Unsplash
Read More »
Egypt remittances hit $37.5bn in 2025 after FX reforms
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation falls to 5.4% in December, lowest since 2021 rebase
Electricity transmission line. Photo by Sherise Van Dyk @ Unsplash
Read More »
Mali secures $60mn to shore up power grid and curb outages
Carrefour operates in over 550 markets across Sub-Saharan Africa. Photo by James Orr @ Unsplash
Read More »
French retailer Carrefour enters Ethiopia with 30-store expansion plan
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation falls to 5.4% in December, lowest since 2021 rebase
Electricity transmission line. Photo by Sherise Van Dyk @ Unsplash
Read More »
Mali secures $60mn to shore up power grid and curb outages
Carrefour operates in over 550 markets across Sub-Saharan Africa. Photo by James Orr @ Unsplash
Read More »
French retailer Carrefour enters Ethiopia with 30-store expansion plan
A train on a railway. Photo by Nico Wall @ Pixabay
Read More »
Lobito rail deal attracts $753mn funds to power Angola’s minerals corridor