{"id":457595,"date":"2018-01-31T09:46:10","date_gmt":"2018-01-31T09:46:10","guid":{"rendered":"https:\/\/www.financialafrik.com\/?p=457595"},"modified":"2018-01-31T09:46:10","modified_gmt":"2018-01-31T09:46:10","slug":"gabon-state-withdraws-approval-from-two-financial-institutions","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/01\/31\/gabon-state-withdraws-approval-from-two-financial-institutions\/","title":{"rendered":"Gabon: State withdraws approval from two financial institutions"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Gabonese government has just withdrawn the approval of two financial institutions namely. These institutions were closed following numerous difficulties noted by the country&#8217;s financial authorities in the operation of decentralized financial services (DFS).<\/p>\n<p>According to the Ministry of Economy, which gives the information, the two institutions are hit hard by the economic crisis that is shaking the country and could not withstand the effects of adverse economic conditions.<\/p>\n<p>A situation characterized by a decline in the results of the sector, during the first nine months of the 2017 exercise, with a stock of deposits that amounts to 34,6 billion Fcfa against 35,6 billion Fcfa, a year earlier, a drop of 2,8%, despite the growth observed in the number of establishments created during the same period.<\/p>\n<p>The cleansing of the sector has, however, allowed microfinance institutions to see their own capital strengthened. They amounted to 4,2 billion Fcfa 30 September 2017, 3,55 XCF against 2016, an increase of 18,3%.<\/p>\n<p>Among the difficulties encountered by these two structures, which now reduce to 14 the number of decentralized financial services operating in Gabon, there is the accumulation of wage arrears to employees.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Gabonese government has just withdrawn the approval of two financial institutions namely. These institutions were closed following numerous difficulties noted by the country&#8217;s financial authorities in the operation of decentralized financial services (DFS). According to the Ministry of Economy, which gives the information, the two institutions are hit hard by the economic crisis that<\/p>\n","protected":false},"author":533179,"featured_media":457545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[13897,13899],"class_list":{"0":"post-457595","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-financial-institutions","9":"tag-gabon-en","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gabon: State withdraws approval from two financial institutions - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/01\/31\/gabon-state-withdraws-approval-from-two-financial-institutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-31T09:46:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/01\/Excillis.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ndeye Magatte Kebe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ndeye Magatte Kebe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/\"},\"author\":{\"name\":\"Ndeye Magatte Kebe\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/55de6f6c153173c36b1543ff83ebe25e\"},\"headline\":\"Gabon: State withdraws approval from two financial institutions\",\"datePublished\":\"2018-01-31T09:46:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/\"},\"wordCount\":188,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/Excillis.jpg\",\"keywords\":[\"financial institutions\",\"Gabon\"],\"articleSection\":[\"Banks &amp; Insurance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/\",\"name\":\"Gabon: State withdraws approval from two financial institutions - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/01\\\/31\\\/gabon-state-withdraws-approval-from-two-financial-institutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/Excillis.jpg\",\"datePublished\":\"2018-01-31T09:46:10+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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