When the ban on timber exports was enacted in 2010, operators and experts in the field voiced strong concerns over the adjustment period within the moratorium, stating that the forestry sector was not sufficiently prepared for such sudden and radical changes. The moratorium brought in its wake various drawbacks, with lasting results still...
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...
Against a backdrop of falling oil revenue, and despite sharp cuts in spending, and investment spending in particular, public finances slid into the red in 2015 with the country experiencing its first deficit in 17 years. However, both revenues and outlays are expected to recover slightly in 2016, and the authorities are seeking new ways to...
Much attention is being focused on Gabon’s rural areas and on developing the country’s roughly 5m ha of fertile land. While it is has one of the lowest population densities in sub-Saharan Africa, according to the Ministry of Agriculture, around 86% of the country’s 1.8m inhabitants have opted to live in the major urban centres – namely...
The launch of a new grain processing facility and oil palm plantation mark the latest steps forward for the agro-industrial sector in Gabon. With low oil prices constraining the country’s largest source of export revenues and slowing headline growth, the Gabonese government has sought to accelerate economic diversification through the Emerging...
In a global environment of low oil prices, the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) has sought to diversify the economy away from hydrocarbons since 2010. As such, over recent years the Gabonese government has increased development of the hydropower sector, as well as expanding the country’s large natural gas...
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