The reasons behind GOC’s fall into the abyss

摘要

Placed in administration by Gabon’srnpresidential office at the end of Septemberrn( AEI 755), the state-owned GabonrnOil Company (GOC), symbol of presidentrnAli Bongo’s new oil strategy, has provedrnto be a complete bust. One of the primernreasons behind its bankruptcy was thernhighly personal and costly managementrnstyle of its former managing director,rnSerge Toulekima.