Sovereign Fund of the Gabonese Republic

Gabon US$ 380 million Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1998
Transparency Rating: n/a
View Sovereign Fund Transaction Data
Origin: Oil
Firm Investment Style: Mixed
Entity Structure: Agency
Population Est.: 1.633 million – 2012

Fund Details

Main Office
Banque des Etats de l’Afrique Centrale (BEAC)
112 Libreville
Gabon
Tel: +241 76 13 52 / 76 02 06

Governance
It is managed by the Banque des Etats de l’Afrique Centrale (BEAC).

Summary
The African country of Gabon has had a reserve account at the Banque des Etats de l’Afrique Centrale (BEAC) since 1998 called the Fund for Future Generations. In 2010, this sovereign fund was renamed the Fonds Souverain de la Republique Gabonaise (Sovereign Fund of the Gabonese Republic).

This fund will be funded by 10% of oil revenue projected in the budget. In addition, it will also partake in 50% of revenue above budget assumptions.

Background on Gabon’s Sovereign Wealth Fund
Gabon’s oil sector now accounts for more than 50% of GDP, although the industry is in decline as fields pass their peak production.