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LONDON/JOHANNESBURG, July 25 (Reuters) - Gabon launched what is set to be Africa's first debt-for-nature swap on Tuesday, with a plan to buy up at least $450 million of its government debt and switch it to an eco-friendly blue bond. The February 2031 maturity rose 2.203 cents to 83.702 cents and November 2031 maturity jumped 2.129 cents to 83.573 cents, compared to Gabonese government's offer to buy back the bonds for 85 cents per $1 of the bond. ,The 2025 maturity rose 1.194 cents to 95.4 cents, also still below the offer price of 96.75 cents.. Ecuador pulled off a record $1.1 billion debt-for-nature swap in May, freeing up $18 million annually for the next 20 years for conservation of the Galapagos Islands. The African Development Bank and European Investment Bank are interested in providing credit guarantees.
Persons: Marc Jones, Rachel Savage, Gerauds Wilfried Obangome, Karin Strohecker, Ed Osmond, Tomasz Janowski Organizations: London Stock Exchange, Republic, Industry, U.S . International Development Finance Corporation, African Development Bank, European Investment Bank, Bank of America, Thomson Locations: JOHANNESBURG, Gabon, Gabonese, Ecuador, Belize, Galapagos, Sri Lanka, Indian, Libreville
Factbox: Legal hurdles faced by LGBT+ people in Africa
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +3 min
Africa accounts for nearly half of the countries worldwide where homosexuality is outlawed, according to the review, which was last updated in December 2020. - Life imprisonment is the maximum penalty for same-sex relations in Sudan, Tanzania, Uganda and Zambia, while jail terms of up to 14 years are possible in Gambia, Kenya and Malawi. - Broad protection against discrimination based on sexual orientation exists in three countries: Angola, Mauritius and South Africa. - South Africa is the only African country where gay marriage is legal and where the constitution protects against discrimination based on sexual orientation. However, South Africa has high rates of rape and homophobic crime.
Gabon's foreign minister dies of heart attack
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Gabonese Foreign Minister Michael Moussa Adamo poses for a picture during a Reuters interview at the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, Rwanda June 24, 2022. REUTERS/Ayenat Mersie/File PhotoLIBREVILLE, Jan 20 (Reuters) - Gabon's Foreign Minister Michael Moussa Adamo died on Friday of a heart attack, President Ali Bongo said in a statement. Three government sources said that he was in a council of ministers meeting when he suffered the cardiac attack. He was rushed to the hospital and died shortly after midday despite specialist treatment, said a government statement. Reporting by Gerauds Wilfried Obangome Writing by Nellie Peyton Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.
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