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Overview

Output is set to expand considerably in the medium-term
OBG
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The natural richesse of Gabon is not limited to oil and gas, and the country is turning to mining to help diversify away from its reliance on hydrocarbons, which still represent 45% of GDP and 80% of export receipts. The African Development Bank estimated that in 2012 that the mining sector contributed 6.3% of GDP and 6% of exports, though estimates from the Ministry of Economy and Planning put it…

Overview

Focus on value-added processing should boost domestic industries
OBG
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Like many countries in Africa, Gabon’s economy has largely developed on the back of its natural resources, primarily oil, minerals and timber. Most of these are still exported in raw form, bringing limited economic benefit to the country. However, the industrial sector – and the revenues and jobs it creates – is a focal point for the government’s development plans, with several initiatives…

Overview

Stronger connections: Greater fibre-optic cable access will foster sector development
OBG
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Commercialisation of access to the long-awaited Africa Coast to Europe (ACE) fibre-optic cable, expected in early 2015, is expected to propel Gabon’s IT sector forward in the next year. The state has set ambitious goals for the sector, including the construction of a nationwide fibre-optic backbone, the creation of a network of IT parks, and the development of a range of social applications in e-government…

Overview

Growth in mobile telephony will act as an economic multiplier
OBG
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The long-awaited launch of 3G service in April 2014 is helping to open new avenues for growth in Gabon’s increasingly saturated mobile telecommunications sector. Subscriber numbers continue to rise, but with real penetration of nearly 100%, future growth will come from the introduction of higher-value services. With four operators serving a market of around 1.63m people, competition is already fierce,…

Overview

A more sustainable approach: Development and promotion with an eye on the longer term
OBG
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In spite of the country’s wealth of natural attractions, Gabon’s tourism industry has remained small in both absolute terms and the contribution it makes to the local economy, in part because the oil sector formed the country’s main focus for many years. As oil output declines, the government is looking to encourage growth in the industry, with the aim of developing high-end and luxury ecotourism…

Overview

Universal health insurance is being rolled out
OBG
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As it is getting closer to realising its goal of universal health care, Gabon is focusing on decentralising national health services in an effort to make governance more effective at the local level. The country is now investing in infrastructure, although a number of challenges, such as a shortage of trained staff and the prevalence of both communicable and non-communicable diseases (NCDs), persist. Covering…

Overview

The emphasis is now on enhancing quality and increasing vocational training opportunities
OBG
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One of the three key pillars of the Emerging Gabon strategy is Services Gabon, which addresses the development of a skilled labour force and aims to establish the country as a regional centre for financial services, tertiary education, health and environmentally sustainable development. To this end, efforts are now under way to increase the number of schools and training institutions, train and recruit…

Overview

The tax framework has been modernised to reflect government priorities
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 and January 2014 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 salaries taxation…

Overview

A look at the legal environment and the framework for investment
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 multiparty…

Overview

Liberville Hotel Listings
OBG
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HELICONIA GARDEN Quartier Angondje, Last roundabout before the Stade de l’Amitié, BP 2213 Libreville T: (+241) 01 45 11 46/47/48 www.heliconiahotels.com reservations@heliconiahotels.com Rooms: 20 single rooms and 22 double rooms. Business & Conference Facilities: Meeting rooms, event rooms and gardens. Health & Leisure Facilities: Cable and satellite TV, swimming pool, fitness room,…