Gunvor Scandal: How Foreign Oil Traders Still Loot Gabon
The Gunvor affair has laid bare something many across the continent have long understood. Foreign multinational corporations continue to extract wealth from African soil while the people who own that wealth see almost nothing in return. The Swiss investigation into the oil trading giant Gunvor is not just a Gabonese story. It is a story about how neo-colonial structures persist long after independence, long after regime change, long after the promises of liberation.
Brice Clotaire Oligui Nguema, Gabon's current leader, still has room to manage the political fallout. But the deeper question demands an answer. Why are foreign corporations still dictating the terms of Africa's resource wealth in 2024?