More Filters
There were 603 results found for:

All Regions and All Sectors

Interview

Guy Maurice, Senior Vice-President for Africa, Total E&P: Interview
OBG
plus

Interview:Guy Maurice How has the drop in oil prices impacted upstream investment in Africa? GUY MAURICE: Today’s low-oil-price environment constitutes a sizeable headwind for much of the energy value chain, especially for exploration and production (E&P) companies. A natural countermeasure is the introduction of cost reduction initiatives. Fortunately at Total, we put these initiatives…
Interview

Etienne Dieudonné Ngoubou, Minister of Petrol and Hydrocarbons: Interview
OBG
plus

Interview:Etienne Dieudonné Ngoubou What are the prospects regarding the exploration of deep and ultra-deep offshore blocks? ETIENNE DIEUDONNE NGOUBOU: The current drop in oil prices has pushed companies and countries to seek cost reductions in an effort to increase their margins in extractive activities. Of course, this does not favour exploration, especially in regard to deep offshore projects.…
Interview

Séverin Anguilé, President, Federation of Gabonese Insurance Companies: Interview
OBG
plus

Interview:Séverin Anguilé How has the insurance sector in Gabon changed over the last five years? SÉVERIN ANGUILÉ: We have experienced significant changes in the last few years, especially with the advent of Article 13 of the Inter-African Conference on Insurance Markets’ Insurance Code. Customers must now pay insurance policies upfront, which allows companies to have stable cash inflows,…
Viewpoint

Angela Adibet, Head of Legal and Tax Department, Deloitte Gabon, on the Finance Act of 2016 and the fiscal framework: Viewpoint
OBG
plus

Viewpoint:Angela Adibet Effective since February 1, 2016, new fiscal provisions were established by the Finance Act of 2016. Subject to the provisions of applicable tax treaties, the withholding tax rate on fees paid by Gabonese debtors to non-residents has increased from 10% to 20%. This withholding tax applies to royalties and other payments made for services rendered of any nature utilised…
Analysis

Gabon rejoins OPEC and boosts hydrocarbons production

Posted OBG AdminPosted in Uncategorized

At the beginning of July 2016 Gabon rejoined the Organisation of Petroleum Exporting Countries (OPEC) after an absence of more than two decades. This comes as Gabonese authorities look for enhanced coordination with other global oil producers to alleviate some of the pressure of low energy prices and help cultivate an environment more conducive to expanding domestic production. Back Into The Fold While…
Analysis

Gabon see results from new national health care scheme

Posted OBG AdminPosted in Uncategorized

Health care coverage in Gabon has been transformed over the last decade by a comprehensive state-backed public scheme, the National Health Insurance and Social Security Fund (Caisse Nationale d’Assurance Maladie et de Garantie Sociale, CNAMGS). The initiative, on which the World Health Organisation (WHO) provided advice, was created in 2007 and began registering low-income Gabonese, including students,…
Analysis

Gabon moves agro-industry forward with value-added growth

Posted OBG AdminPosted in Uncategorized

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 Gabon Strategic Plan, placing a particular emphasis on…
Analysis

Gabon establishes special economic zones and offers investors benefits

Posted OBG AdminPosted in Uncategorized

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. Up & Running The first zone to have been launched is the Nkok SEZ, work on which began in 2010, and it began exporting goods in 2015. The zone is…
Analysis

Gabon dealing with lower oil and energy prices

Posted OBG AdminPosted in Uncategorized

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 have in large part recovered from the initial shock of…
Analysis

Gabon awaiting approval of new forestry regulations

Posted OBG AdminPosted in Uncategorized

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 visible today. Operators had to terminate all ongoing contracts…