Natural richesse in Gabon extends well beyond the country’s sizeable oil and gas reserves and fertile soil. Based on forecasts for production and processing of manganese, the mining sector’s primary output, along with gold, iron ore and poly-metallic deposits, the sector’s GDP contribution could grow from its current 6% to as much as 25% within...
With improvements to the road, rail, shipping and aviation networks a key government goal, Gabon’s transport sector is undergoing a major transformation. While population pressure is modest, with around 1.7m people in the country, existing links are limited; the two largest cities, Libreville and Port-Gentil, had, until work began on one...
The diversification of the economy through its industrialisation under the Emerging Gabon Strategic Plan (Plan Strategique Gabon Emergent, PSGE) is taking shape with the support of strategic investors in agro-industry, construction materials, forestry and petrochemicals. The secondary sector – including manufacturing and the processing of the...
One of Gabon’s greatest paradoxes is agriculture. Blessed with 5m ha of fertile arable land and a tropical climate with annual rainfall of 1800-4000 mm, it has all the ingredients to feed its growing population. And yet it is dependent on imports for some 90% of its food requirements, costing the country in excess of CFA300bn (€450m) per annum....
Project finance is one of the main drivers of business in the Gabonese banking sector. The IMF describes most local banking activity as “concentrated on large companies financing large-scale projects”. Despite this, some investment-intensive sectors in particular, such as oil and gas and mining, tend to raise financing abroad rather than from...
In recent years Gabon has witnessed rapid growth in banking assets, lending and deposits, as well as in penetration and financial inclusion indicators, albeit from a low base, though the fall in the price of oil is having an impact on the economy that banks say will slow down business in 2015. The sector has traditionally struggled to convert...
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