Gabonese Strategic Investment Fund
The Gabonese Strategic Investment Fund (French: Fonds Gabonais d’Investissements Stratégiques, FGIS) is the exclusive manager of the Sovereign Wealth Fund of the Gabonese Republic (FSRG), headquartered on Boulevard du Bord de Mer in Libreville.[1]
FGIS has an important responsibility towards Gabonese society and pursues a long-term vision to diversify the Gabonese economy through investments in Gabon and abroad.[2]
History
The Sovereign Wealth Fund of the Gabonese Republic (FSRG) has its origins in the Fund for Future Generations (FGF), which was established in 1998. Its mission was to invest the oil revenues of the state, to enable future generations to enjoy a better quality of life. By decree of the President of the Republic, it was renamed the Sovereign Wealth Fund of the Gabonese Republic (FSRG) in 2011.[3]
The Gabonese Strategic Investment Fund (FIGS) was established in 2012,[4] to help Gabon develop new sources of income that generate sufficient revenue to replace those derived from oil production. It is designed to retain and manage direct investment in Gabon and support long-term investment in strategic projects. Similar to Senegal's FONSIS, Angola's FSDEA, and Nigeria's NSIA, the FGIS is a fund that combines financial and economic objectives, and its survival depends largely on its governance.[5]
Since November 2022, FGIS has also been the sole representative for the marketing of emission allowances from the Gabonese Republic.[6]
As of July 2025, the fund managed assets of $1.89 billion.[5]
Memberships
FGIS is a member of the International Forum of Sovereign Wealth Funds (IFSWF) and has therefore also committed itself to the Santiago Principles for appropriate conduct and proper business practices.
References
- ^ Estate Intel. "Fonds Gabonais D Investissements Strategiques Fgis | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa". Retrieved 2025-07-18.
- ^ "Fonds Gabonais d'Investissements Stratégiques (FGIS) | Devex". Retrieved 2025-07-18.
- ^ "Fonds Gabonais d'Investissements Stratégiques | IFSWF". Archived from the original on 2025-05-22. Retrieved 2025-07-18.
- ^ "Fonds Gabonais D'investissements Stratégiques (FGIS)Gabon – Sovereign Wealth Africa". Retrieved 2025-07-18.
- ^ a b "FGIS (Gabon) - Fund Profile -". Retrieved 2025-07-18.
- ^ "About". Retrieved 2025-07-18.
- Bagal, Vicky (24 June 2025). "Gabon : le FGIS triple ses actifs en un an et franchit les 1 000 milliards FCFA" [Gabon: the FGIS triples its assets in one year and crosses 1 trillion FCFA]. EcoMatin (in French). Retrieved 4 October 2025.
- Hajbi, Maher. "Gabon : Persis Lionel Essono Ondo, le pari raté d'Oligui Nguema pour le FGIS" [Gabon: Persis Lionel Essono Ondo, Oligui Nguema's failed bet for the FGIS]. Jeune Afrique (in French). Retrieved 4 October 2025.
- Abdou, Mairamou (28 December 2024). "Gabon : les défis de Persis Lionel Essono Ondo, nouveau Directeur général du Fonds Gabonais d'Investissements Stratégiques" [Gabon: the challenges of Persis Lionel Essono Ondo, new General Manager of the Gabonese Strategic Investment Fund]. EcoMatin (in French). Retrieved 4 October 2025.
- "Gabon : la gestion de la SEEG officiellement transférée au Fonds souverain, FGIS" [Gabon: the management of the SEEG officially transferred to the sovereign fund, FGIS]. EcoMatin (in French). 27 May 2025. Retrieved 4 October 2025.
- "African SWFs Index 2O22" (PDF). Sovereign Wealth Africa. Retrieved 4 October 2025.