Gabon has concentrated funding on infrastructure in recent years, not only in advance of the Africa Cup of Nations, but also as part of the government’s broader push to diversify the economy through its primary development strategy, Emerging Gabon. The construction sector – supported by the Infrastructure Master Plan, which includes 114 projects in education, housing and transport – is thus…
Transport and logistics in Gabon are in the midst of a major transformation. The government is engaged in a multi-year programme to upgrade the country’s infrastructure, with the aim of making it into a logistics centre for the Economic and Monetary Community of Central Africa. Gabon’s transport infrastructure is set for a radical overhaul in coming years. A major state investment programme for…
As a bastion of liquidity within the financially turbulent Economic and Monetary Community of Central Africa (Communauté Économique des États de l’Afrique Cen-trale, CEMAC), Gabon competes head-on with the more populous Cameroon for the title of regional banking centre. The regional stock exchange based in Gabon is also beginning to see an uptick in activity and insurance penetration is consistently…
With a tropical climate and arable land to spare, Gabon has significant potential to expand agriculture, yet the sector remains somewhat overlooked. One-fifth of the country’s total arable land has not been developed for agriculture, and the country remains largely dependent on food imports to meet its consumption requirements. The sector has shown recent growth, roughly 5% year-on-year from 2010…
Gabon is the fifth-largest oil producer in sub-Saharan Africa and oil dominates the economy, accounting for roughly half of state revenues and more than 80% of export revenues. Over the last decade, however, output has declined as the country’s larger oil fields mature. Oil production peaked in 1997 at 370,000 bpd but stabilised in recent years around 240,000 bpd. The decline in production has prompted…
Classified by the World Bank as an upper-middle income country, Gabon enjoys an average per capita income – estimated at €8950 in 2013 – that is far higher than the sub-Saharan Africa developing country average of €1212. Oil revenues have sustained the economy, accounting for 56% of total government revenues and 80% of total exports by value, according to US Energy Information Administration…
Gabon is located on the Gulf of Guinea, surrounded by low- and lower-middle income neighbours. However, the country’s sizable oil resources and limited population have positioned it as one of six upper-middle income countries in sub-Saharan Africa. Gabon has the second-largest economy in the sub-region. GDP at purchasing power parity reached $29.38bn in 2012, behind Cameroon ($55.35bn), but ahead…
In EnglishLe plus grand producteur de manganèse du Gabon, la Compagnie Minière de l’Ogooué (Comilog) a inauguré en août la toute première usine de transformation du minerai du Gabon, ce qui constitue une avancée importante pour la politique économique du pays, qui vise à faire du Gabon non plus un simple exportateur de ressources naturelles brutes mais une économie reposant sur une industrie…
In EnglishAprès des mois de négociations, le Gabon a signé en août sept contrats d’exploration et de production pétrolière, espérant ainsi inciter de nouvelles campagnes d’exploration en offshore profond et générer jusqu’à 1,1 milliard de dollars d’investissements, selon les estimations du ministère gabonais du pétrole.Faisant suite à l’octroi de licences à la fin de l’an…
In EnglishLe secteur gabonais de l'assurance, d'ores et déjà compétitif, est sur le point de connaître un bouleversement avec l'arrivée prévue d'un nouvel opérateur étranger. Néanmoins, compte tenu des faibles taux de pénétration dans le pays, la marge de croissance reste importante.Wafa Assurances, la première compagnie d'assurance marocaine en termes de parts de marché, a annoncé en…
