Public Management

The FINACTU team is pleased to announce the recent adoption by Gabon of a new Social Security Code in early 2017

Monday, 20 March 2017 14:50

By decreeing the promulgation of « Law N° 028/2016 on the Code of Social Security in the Gabonese Republic » on February 6, 2017, the President of the Republic materializes two years of a collective effort to which FINACTU is pleased to have been a dynamic player.

This new Code replaces a version, which dates from 1975.

The idea of a new Code saw the light and then flourished during various missions of FINACTU : first, with the creation of the CNAMGS, on which FINACTU worked from 2007 to 2010, and for which a whole new part of the Gabonese social security was created outside the 1975 Code. Then, on the occasion of various actuarial studies carried out for the CNSS, which by removing its schemes from the legislative field, wanted to alleviate their parameters’ review process. Finally, on the recent occasion of the creation of the Pension and Family Benefits Fund, aimed to house the social security of Gabonese officials.

In 173 articles, the new Code is ‘sanitizing’ the Gabonese social welfare system and injecting a formidable ambition therein.
As underligned by Jean-Claude ANGOULVANT, FINACTU Mission Director, who was involved in the texts preparation, this sanitation process was needed because « The new Code finally consolidates into a single law a disparate set of texts, that were written as early as in 1975 and, on this occasion, it sets a new priorization and ordering. The new Code sets out precisely the social risks (Art. 5), and clearly distinguishes the existing social security schemes (currently managed by CNSS, CNAMGS and CPPF) and those yet to be created: supplementary health insurance, mobile and independent workers' schemes, and unemployment insurance schemes. »

More importantly though, the new Code enshrines what Denis CHEMILLIER- GENDREAU, President of FINACTU, calls « the new Gabonese social ambitions » : « The new Code paves the way for two extensions, just as is currently the case for CNPS in Ivory Coast : an extension of social protection to self-employed workers, who are currently not covered by pension schemes, and an extension to new original schemes (supplementary funded pension and unemployment insurance). These innovations will undoubtedly be scrutinized by the other CIPRES countries and will have a ripple effect! »

finactu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Bassirou Diomaye Faye denounces credit rating agencies’ methodologies as ill-suited to African contexts.• Senegal urges reforms to enable fairer...
(AfDB)-The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa's Infrastructure Governance...
New card enables African payments without using US or European networks Aims to lower costs, protect financial data, and boost intra-African...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
03

• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...

Deepfake Threat Becomes Alarming in Africa as AI Advances Faster Than Laws
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...

Gates Foundation Pledges $1.6 Billion to Gavi to Boost Global Child Vaccination
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.