Small and medium-sized enterprises (SMEs) are to receive new incentives in Papua New Guinea, as the government aims for a 10-fold increase in the number of such businesses, from 50,000 to 500,000, and a fivefold increase in the segment’s contribution to GDP, from 10% to 50%. This builds on a 12-point stimulus package launched in 2012, which included financial support and...
While Papua New Guinea has a long history of manufacturing, the sector accounts for only around one-tenth of GDP, and output is mostly confined to staple goods bound for the domestic market. PNG is endowed with a number of highly traded global commodities, including timber, coffee, cocoa, palm oil and fish. With hydrocarbons production pegged...
Papua New Guinea’s climate is characterised by fertile soil and abundant rainfall, enabling the country to grow a number of tropical crops such as palm oil, coffee and cocoa, which account for around 80% of all agricultural exports. Meanwhile, sweet potatoes, cassava, fruits and vegetables are all farmed to serve the local market. In total, agriculture contributes around a...
The development of the industrial sector through the establishment of three special economic zones (SEZs) to diversify the economy and create jobs is one of the pillars of the Emerging Gabon strategy. The project is still in its early stages, with the development of the first such zone at Nkok ongoing, but the early signs are promising, with tax...
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....
A new mining code for Gabon is expected to be promulgated in the near future, following its approval by President Ali Bongo Ondimba in February 2015. Under preparation since 2011, it has had a convoluted history, and may yet be further revised. The new code, which replaces the mining law of 2000, seeks not only to provide a clear and attractive...
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