The markets of West Africa import 1.9m tonnes of palm oil every year, used mainly for cooking, according to a March 2016 report from Lagos-based newspaper Mail&Guardian Africa. The commodity currently fetches around $686 per tonne, and in recent years the price has been relatively stable. Given the substantial demand, Gabon is...
As part of the government’s plans to promote value addition under the Industrial Gabon pillar of the Emerging Gabon Strategic Plan, the processing of minerals has seen some key developments. President Ali Bongo Ondimba announced a decision in mid-2016 to ban raw material exports by 2020, suggesting that even minerals would have to undergo some...
Special economic zones (SEZs) have become a popular way for governments around the world to try and accelerate investment in select sectors and industries, and for its part Gabon has seen more success than most. In an effort to attract the investment that was pledged under the Industrial Gabon pillar of the Emerging Gabon Strategic Plan, an...
Launched in 2010, the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) aims to reduce Gabon’s reliance on oil production by 2025 through the development of three sectoral-focused pillars: Green Gabon, which targets timber, agriculture and ecotourism; Industrial Gabon, which emphasises value addition through local processing of raw materials; and Gabon...
While oil has been the driving engine behind Gabon’s economy since independence, the country’s other underground resources have in many ways been equally prominent. The mining sector has traditionally been a major currency earner for Gabon. The country is the world’s fourth-largest producer of manganese, with reserves of 150m tonnes and...
With the bulk of upstream activity having been focused on oil, Gabon’s gas reserves have been left largely untouched. This, however, is due to change in the coming years. Gas is a primary component of fertiliser production, and Gabon hopes to become a major fertiliser producer, with an eye to profiting from demand growth in sub-Saharan Africa....
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