With Gabon looking to diversify sources of growth and ensure sustainable development, the government has set ambitious goals for developing the tourism industry, and aims to attract 100,000 visitors annually by 2020. Ecotourism, a key component of the Green Gabon strategy, one of the three main pillars of President Ali Bongo Ondimba’s Emerging Gabon...
In 2011, total global exports of nitrogenous fertilisers reached a record value of $25.7bn, having grown by 60.6% in value between 2009 and 2011. The main exporter is Russia, which exported 11m tonnes of fertilisers in 2011. Urea is the most commonly used nitrogenous fertiliser, and in a context of a growing international demand for fertilisers, the...
Despite growing competition, Gabon’s three largest lenders continue to maintain substantial market shares. Combined, BGFIB ank, Banque Internationale pour le Commerce et l’Industrie du Gabon (BICIG), and Union Gabonaise de Banques (UGB) accounted for more than 80% of all loans and deposits in the country as of March 2012, according to the...
Across Libreville, Gabon’s economic and political capital, construction is booming. New apartment projects stand beside office-tower scaffolding. Outside the city centre, ground is being cleared beside the village of Nkok to make way for large industrial projects in the newly inaugurated special economic zone. Inland, mining projects across the...
Although Gabon possesses important mineral resources in its soil, the share of the mining sector in the GDP only amounted to 4.6% in 2011, compared to 4.5% in 2010. The government is anxious to increase this share, promoting the local processing of existing productions and attracting new mining firms to the country. It has also indicated a desire to...
In April 2011 a four-day strike by the National Oil Workers Union (l'Organisation Nationale des Employés du Pétrole, ONEP) caused severe disruptions to oil production across Gabon and cost the government an estimated CFA59bn (€88.5m). Total and Shell’s operations were completely shut down and Tullow Oil experienced severe disruptions. After...
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