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Article: Central Africa: foreign companies dominate.(Africa's Top 200 companies)
- Article from:
- African Business
- Article date:
- April 1, 2007
CopyrightCOPYRIGHT 2007 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Most countries in East, Southern and West Africa have to varying degrees liberalised their economies and so possess companies that are listed on either their own or regional stock exchanges. However, most economic activity in Central Africa is controlled by foreign investors or state owned companies. The upstream oil industry is the source of most wealth in Gabon, Congo-Brazzaville and Chad and there are no significant listed firms in this sector in the region.
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Nevertheless, there are some companies in Gabon in particular that have been either fully or partially privatised. Societe d'energie et d'eau du Gabon (SEEG), Gabon Telecom, ...