Analysis

New horizons: Understanding what the new Road Fund means for road development
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The development and maintenance of the road network is of major importance to Gabon in terms of the transport of people and goods, and connecting the mining and agriculture industries in the interior to export points on the coast. Up until 2012, road maintenance had fallen under the purview of the Second Generation Road Maintenance Fund (Fonds d’Entretien Routier de Deuxième Génération, FER…

Analysis

Paving the way: Road construction projects continue to provide opportunities for foreign investment
OBG
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The development of road transport infrastructure is one area that can greatly contribute to economic growth in Gabon, mostly by providing access to the interior of the country, where many resources are still unexploited due to poor transport links. The government is aware of this potential and has prioritised the development of a road network to diversify the economy and foster regional trade.…

Overview

Infrastructure for growth: Increased investment can help to diversify transport options and support growth
OBG
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Ensuring easy access to outlying and rural areas, particularly given Gabon’s economic dependence on commodity production in those very same areas, is crucial. As a result, the government has made it a priority to develop a transport corridor connecting Gabon’s major cities and its mineral and agricultural zones so as to facilitate the flow of goods and people across the country. Under the…

Analysis

Regional leader: Libreville is taking on more responsibilities on the continent
OBG
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The country has significantly strengthened its hand in diplomatic initiatives throughout Central Africa over the past 50 years. Gabon assumed the 2012/13 presidency of the Central African Economic and Monetary Community (Communauté Économique et Monétaire de l’Afrique Centrale, CEMAC), the regional body composed of Chad, Cameroon, Gabon, Republic of the Congo, the Central African Republic…

Analysis

Framework for public tenders: A procurement agency is expected to increase project efficiency
OBG
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In light of the dramatic increase in government spending since 2009, authorities in Gabon have recently moved to create the Public Procurement Regulatory Agency (Agence de Régulation des Marchés Publics, ARMP), which will be tasked with overseeing and streamlining procurement. In a region where bidding for public contracts can be a protracted affair, the ARMP is expected to assist the government…

Analysis

Access for all: New services will help increase penetration rates
OBG
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Successful diversification of Gabon’s economy depends on greater bank intermediation in the real economy: expanding financial access for its people and facilitating access to retail credit. While a small consumer finance sector has developed to cater to the limited cadre of formally employed workers, banks are increasingly testing mobile money services to entice the majority of the population…

Analysis

Heading offshore: Deepwater drilling begins, as encouraging prospects emerge closer to the coast
OBG
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In April 2013, the Ocean Rig Olympia started drilling a first well at 1700 metres of water depth to test the pre-salt potential of Diaba, an oil block located in Gabon’s southern basin and owned by Total Gabon (42.5%), Marathon Oil (21.25%), Cobalt International Energy (21.25%) and the government of Gabon (15%). This is the first deepwater or ultra-deepwater block to be explored in Gabon and…