Of Africa’s 29 stock exchanges, the Central African Stock Exchange (Bourse Régionale des Valeurs Mobilières d'Afrique Centrale, BVMAC) is one of only two regional bourses. Headquartered in Libreville, it serves the Central African Republic, Cameroon, Chad, Congo, Equatorial Guinea and Gabon.
Apart from downstream commodity processing, industrial activity in Gabon is still at an early stage. The limited size of the local market and the high costs incurred by industrial activities have been historical obstacles to the industrial development of Gabon. Although the share of the industrial activity – excluding oil and mining – slipped to 7.7...
With its many rivers – including the Ogooué River, the fourth-largest in Africa by volume – Gabon has a total estimated hydroelectricity potential of 6000 MW. Over the past two decades, however, hydropower has declined as the dominant source of electricity in Gabon; no major new dams have been built in more than 30 years, while the demand for power...
What are the biggest hurdles still remaining to the successful conclusion of the 10th bidding round?
In April 2012 Fitch Ratings revised Gabon’s outlook to positive from stable, affirming its long-term rating at BB- and its short-term one at B. While the positive outlook was welcome news, it should not have come as a surprise to the international investors who have been following Gabon’s sovereign note since it was issued in late 2007, even if...
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