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New agriculture measures in Gabon put the sector in stronger position
OBG
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One of Gabon’s greatest paradoxes is agriculture. Blessed with 5m ha of fertile arable land and a tropical climate with annual rainfall of 1800-4000 mm, it has all the ingredients to feed its growing population. And yet it is dependent on imports for some 90% of its food requirements, costing the country in excess of CFA300bn (€450m) per annum. Food imports rose to CFA349.2bn (€523.8m) in 2014,…

Overview

Investment in value-added production drives growth in Gabon's industrial sector
OBG
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The diversification of the economy through its industrialisation under the Emerging Gabon Strategic Plan (Plan Strategique Gabon Emergent, PSGE) is taking shape with the support of strategic investors in agro-industry, construction materials, forestry and petrochemicals. The secondary sector – including manufacturing and the processing of the country’s various raw commodities, such as gold, oil…

Overview

Gabon's ore deposits remain largely untapped
OBG
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Natural richesse in Gabon extends well beyond the country’s sizeable oil and gas reserves and fertile soil. Based on forecasts for production and processing of manganese, the mining sector’s primary output, along with gold, iron ore and poly-metallic deposits, the sector’s GDP contribution could grow from its current 6% to as much as 25% within the next 15-20 years, according to Fabrice Nzé-Békalé,…

Overview

Expanding infrastructure helps Gabon's economy grow
OBG
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With improvements to the road, rail, shipping and aviation networks a key government goal, Gabon’s transport sector is undergoing a major transformation. While population pressure is modest, with around 1.7m people in the country, 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…

Overview

Gabon overcomes challenges to investing in construction
OBG
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While the construction sector in Gabon has seen a slowdown compared to the boom in the years prior to co-hosting the 2012 Africa Cup of Nations (Coupe d’Afrique des Nations, CAN), construction remains central to the state’s economic development plans. As part of an overarching goal to diversify the economy through the Emerging Gabon strategy, funding has focused on infrastructure in recent years.…

Overview

The government of Gabon mitigates obstacles in the construction sector
OBG
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Real estate activity in the country has decreased slightly since 2014, although demand in key segments, such as commercial property and affordable housing, continues to remain strong due to a shortage of current supply. Demand for rental property is also on the rise and represents an area of expected growth in the short term. However, time delays in acquiring land titles continue to be a considerable…

Overview

Gabon restructures tourism to boost visitor numbers
OBG
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Developing the tourism sector in Gabon has become a growing priority for authorities as they aim to diversify the country’s economy. Investments have primarily targeted upgrading infrastructure and developing high-end ecotourism under the country’s Green Gabon strategy for sustainable development. As the state partners with the private sector to develop products that capitalise on the country’s…

Overview

The ins and outs of Gabon's tax system
OBG
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Modifications to the tax code passed in May 2009 have been made in July 2009, February 2010, January 2011, January 2012, January 2013, January 2014 and January 2015 to reflect Gabon’s new political climate. The code is a modernised framework that will likely be complemented by tax and Customs incentives for both foreign and local investors. Along with implementation of the new general tax code and…

Overview

Gabon passes investor-friendly reforms
OBG
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In accordance with its liberal economic principles, Gabon is open to foreign investors and the rights of free enterprise are guaranteed. 1. GENERAL LEGAL ENVIRONMENT A. Constitution & other sources of rules Gabon has a civil law structure with a hierarchy of legislation: lower laws need to comply with upper laws. The highest rule is the constitution, ratified in 1991, which provides for a…

Overview

The continent's premier football tournament remains inextricably linked with broader developments
OBG
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The 2012 Africa Cup of Nations (Coupe d’Afrique des Nations, CAN), which Gabon co-hosted with Equatorial Guinea, prompted a flurry of building in the two countries. Stadiums were expanded, motorways cantilevered and hotels erected. In many ways, the economic impact and symbolism of the tournament were more significant than the competition itself. The notion of a football tournament serving as an…