While oil has been the driving engine behind Gabon’s economy since independence, the country’s other underground resources have in many ways been equally prominent. The mining sector has traditionally been a major currency earner for Gabon. The country is the world’s fourth-largest producer of manganese, with reserves of 150m tonnes and...
With a new urgency in the wake of falling oil prices, Gabon is in the midst of a significant overhaul of its transport infrastructure, rolling out a series of new projects to accelerate diversification efforts. Several of the investments – which include a new port and road upgrades – are scheduled for completion by the end of 2016. When...
As part of its economic diversification strategy, Gabon is developing three new special economic zones (SEZs), offering companies a range of investment incentives, each of which is to be dedicated to the development of different industrial sectors.
What effect has Gabon’s log export ban had?
According to the IMF’s 2015 Article IV consultation with Gabon, the early years of the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) proved to be a significant boon for the construction sector. The IMF reported that “high oil revenues funded a scaling up of public investment that helped propel overall growth to nearly 6...
Following a sharp drop since mid-2014 in the international price of oil, which is by far Gabon’s biggest source of export and fiscal revenues, the country is in the midst of a significant oil price shock. However, the government is better placed to avoid a pro-cyclical response than in previous oil crises, and the financial sector appears to...
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