With improvements to the road, rail, shipping and aviation networks a key goal, Gabon’s transport sector is undergoing a major transformation. While population pressure is modest, existing links are limited: the two largest cities, Libreville and Port-Gentil, had, until work began on one recently, no road connection. Beyond improving internal connectivity and expanding capacity at...
With 5% growth in the secondary sector in 2014, Gabon’s industrialisation continues apace under the Emerging Gabon plan, supported by investors in agro-industry, construction materials, forestry and petrochemicals. Special economic zones are being developed to process raw commodities into products with higher value added, fed partly by new projects in the mining sector.
This chapter...
The government is aiming to boost agriculture’s contribution to GDP to 20% by 2025 through partnership with international institutions and private enterprises. It also intends to reduce food imports, which reached €523.8m in 2014. Efforts are under way to ensure that sector management is sustainable.
This chapter includes interviews with Gagan Gupta, Country Head, Olam; and Gert...
Banking growth is expected to be subdued due to the fall in oil prices, though new developments such as the introduction of mobile money services and increased inter-bank cooperation have served the sector in good stead over the long run. Insurance, meanwhile, grew by 3.3% in 2014, mainly due to the uptick in industry and infrastructure activity.
This chapter includes interviews with...
Oil is the lifeblood of Gabon’s economy, representing half of state revenues and around 80% of export earnings in 2014. The absence of major new discoveries, declining production at mature fields and the halving of oil prices over the past year have dampened the short-term outlook, leading to a push for enhanced oil recovery and new exploration. If confirmed, recent offshore gas discoveries...
Gabon has seen stable growth over the past five years, aided in part by a government drive to promote diversification in line with its Emerging Gabon Strategic Plan. However, its continued dependence on oil has left the country vulnerable to external shocks, and the low-price environment of 2014 and 2015 will likely cause complications for the next two to three years, as the authorities...
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