Setting forth an ambitious infrastructure development plan expected to require some CFA17trn (€25.5bn) in investment by 2025, Gabon’s government expects public investment to cover a sizeable share of this – roughly 30%. Support from multilateral agencies, traditional investors and new foreign direct investment (FDI) – either in partnership with the...
Over the last 50 years Gabon’s economy has been largely dependent on oil extraction and, despite declining levels of oil production and government efforts to promote economic diversification, this continues to be true today. According to the World Bank, oil has on average accounted for 45% of GDP, 81% of exports and 60% of budget revenue over the...
Since 1998, Gabon has been at the forefront of global forest conservation efforts as it works to balance the priorities of ensuring the sustainability of its resource base and maximising the forestry sector’s economic contribution. One of the key pillars of the Industrial Gabon policy is to carry out more value-added processing at home – first-stage...
While Gabon’s banking sector is one of the more developed in the Economic Community of Central African States (Communauté Économique et Moné- taire de l’Afrique Centrale, CEMAC), penetration lags behind its sub-Saharan African peers. Banking assets accounted for a mere 21% of GDP in 2012, according to the IMF, while the private sector’s ratio of...
Demand for power and water has increased in recent years, driven by growing populations in urban areas, expanding cities and the ambitious economic development plans gradually unfolding. This has put pressure on an already strained system, often resulting in power outages and water-related difficulties such as low pressure and poor quality.
Dependent on international markets for agricultural imports worth CFA250bn (€375m) in 2012, according to the Ministry of Agriculture, Livestock, Fisheries and Rural Development (Ministre de l’Agriculture, de l’ Elevage, de la Pêche et du Développement Rural, MAEPDR), Gabon aims to significantly increase its domestic food security by 2020, while also...
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