Gabon dollar-denominated bonds slide after army says it seized power

Gabon's military coup led to the largest drop in its dollar bonds since the COVID-19 pandemic, raising concerns about the risk of sanctions and its impact on the wider Africa debt market, just weeks after the country completed a debt for nature swap.

reuters.com

Relevant topic timeline:

9/10/2023

African coups show complex roots and mixed results for democracy

A recent coup in Gabon exemplifies the diversity of coup dynamics in Africa, with factors such as history, foreign intervention, economics, and the politicization of the military playing a role in shaping the outcome. While some recent coups in Africa, like those in the Sahel region, have been driven by security concerns, Gabon's coup is characterized by a continuity of the ruling elite and the maintenance of the status quo. Understanding the different patterns and drivers of coups can provide insight into the countries themselves and the current global political climate.

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