Long viewed as a bastion of stability in the region of Central Africa, Gabon has been able to leverage its comparative steadfastness into diplomatic clout throughout sub-Saharan Africa. After gaining independence in 1960 the country surpassed an initial decade of occasional political tension to secure a generally peaceful state. This has allowed...
As with many of Africa’s emerging markets, a number of challenges face Gabon’s insurance sector, including low insurance awareness, a small domestic client base and declining oil production. And yet, the Gabonese market remains one of the largest in the sub-region, and it is set to expand in the coming years as the demand for personal insurance...
Intensive cultivation of cash crops plays a central role in Gabon’s ambitions to meet its domestic consumption needs, expand non-mineral exports and generate employment by 2020. The government is eager to attract further investment in palm oil, rubber, coffee and cocoa, as well as new crops like sugar cane, maize and soya. Despite low international...
Located in central Africa on the Gulf of Guinea, Gabon is a mid-sized country with a relatively small population of 1.6m people. Following a colonial period (1886-1960), when it was ruled by France, the country’s considerable hydrocarbons and mineral wealth has allowed it to enjoy economic development and stability, particularly compared to many...
Economic growth, paired with proactive marketing efforts by insurers, has helped to expand the market for personal insurance lines. Although the domestic market is limited to a population of 1.5m, Gabon has a higher per capita income than most other countries in the sub-region, suggesting market depth. The development of the insurance sector has...
In April 2013, the Ocean Rig Olympia started drilling a first well at 1700 metres of water depth to test the pre-salt potential of Diaba, an oil block located in Gabon’s southern basin and owned by Total Gabon (42.5%), Marathon Oil (21.25%), Cobalt International Energy (21.25%) and the government of Gabon (15%). This is the first deepwater or ultra-...
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