Sovereign Fund of the Gabonese Republic
|Gabon||US$ 380 million||Origin: Oil|
Transparency Rating: n/a
View Sovereign Fund Transaction Data
Firm Investment Style: Mixed
Entity Structure: Agency
Population Est.: 1.633 million – 2012
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