Low oil prices have hurt Nigeria’s upstream revenues but a long-overdue administrative restructuring of the national oil company and improved production at Nigeria’s refineries should give the country’s downstream hydrocarbons sector a welcome boost.
The recent return to the bond market by Saudi Arabia marks a significant shift in government policy as the world's biggest oil exporter taps capital markets to cover budgetary shortfalls and balance drawdowns of foreign reserves.
This chapter contains an article on African football, as well as information on hotels, government agencies and other listings, along with useful tips for visitors on a range of topics such as visa requirements, currency, communications, dress codes and business hours, among others.
This chapter provides an overview of the Gabonese legal system, including the general legal environment and the legal framework for investment, touching on sector-specific incentives in tourism, agriculture and mining, among other areas.
This chapter covers the ins and outs of the Gabonese tax system, covering areas of particular interest to investors, including recent changes, corporate income tax, capital gains and dividends, deductions and depreciation, taxes on wages and VAT, among other topics. In addition, it also includes an interview with Nicolas Balesme, Associate, Deloitte Gabon.
The industry’s potential has garnered attention from the government and private operators, with the state aiming to boost visitor numbers to 100,000 per year by 2020. The majority of visitors come for business, but luxury tourism projects are in the works to diversify the offer. Ecotourism and luxury are two promising segments that could help boost the sector’s contribution to GDP.
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