Gabon is a member of the Central African Economic and Monetary Community (CEMAC in French) and as such, CEMAC financial regulations must be complied with for all businesses operating in Gabon. The new CEMAC regulations are dated 21 December 2018 (Règlement NO. 02/18/CEMAC/UMAC/CM) and were taking effect on 21 March 2019. There have been several issues raised since the inception of these regulations and discussions are ongoing to address the concerns that have been reported. Mandji Energy Gabon is intimate with the new financial regulations and, as an autochthonous company, is not impacted in the same way as a foreign investor could be. The vision of Mandji Energy Gabon is to grow in Gabon, ensuring that fields previously neglected are being redeveloped using the latest technology and the expertise of its staff.

Mandji Energy Gabon, with its full understanding of the CEMAC financial regulations, has been able to explain in detail to its investors how to structure an investment in Gabon in full compliance with all applicable regulations. MEG benefits strongly from the expertise of its Managing Director who is one of the top experts in Gabon on the new Hydrocarbons Code of July 2019 and the new CEMAC financial regulations of December 2018.