Having a large hydroelectric generation base is a boon to Gabon, giving it low-cost renewable energy. It is hydrocarbons, however, that continue to power most of the country’s plants. According to the most recent statistics available from the US Energy Information Administration (EIA), from 2011, non-renewable thermal energy sources top hydroelectricity, which produced...
In partnership with the International Finance Corporation, the Banque Gabonaise de Développement (BGD) launched a “Toolkit for Small and Medium-Sized Enterprises (SMEs)” in November 2013. The toolkit has an informational website for SME entrepreneurs with sections addressing all areas of business establishment, management and growth. The project also involves trainings...
Classified by the World Bank as an upper-middle income country, Gabon enjoys an average per capita income – estimated at €8950 in 2013 – that is far higher than the sub-Saharan Africa developing country average of €1212. Oil revenues have sustained the economy, accounting for 56% of total revenues and 80% of total exports by value, according...
A push to realise infrastructure development and management has led the Gabonese government to sharpen its focus on public-private partnerships (PPPs) as a means of sharing the risks and cost of major development initiatives. The government’s plan for achieving emerging market status by 2025, “Emerging Gabon”, emphasises the importance of the...
The country is pressing on with its Emerging Gabon plan (Plan Stratégique Gabon Émergent, PSGE) to reach emerging country status by 2025, but it faces near-term fiscal challenges – in part a result of the necessary high capital spending – as it lays the long-term foundations for sustained economic growth. As of late 2013, the Gabonese government expected increases in...
Gabon’s position as one of the most politically stable countries in Central Africa provides it a solid base for economic growth. Like many sub-Saharan countries, Gabon still faces challenges related to transparency and efficient governance but successive presidential transitions have been relatively smooth. The ruling Gabonese Democratic Party...
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