Gabon benefits from considerable hydrocarbons reserves, with the World Bank citing Gabon as the fifth-largest oil producer in Africa. Oil accounted for 70% of exports, 20% of GDP, and 40% of budget revenues in 2015. However, declining production and lower oil prices have seen economic growth slow. Diversifying the economy is therefore a priority for the Bongo Ondimba administration, as evidenced b
In accordance with its liberal economic principles, the country 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…
Interview:Nicolas Balesme How can the wider implementation of PPPs benefit Gabon and its investors? NICOLAS BALESME: PPP schemes are relevant to international investors because they receive an agreed and regular income over the contract’s lifespan in return for services provided and costs incurred for investment, financing, design and construction, operation, maintenance and management of…
OBG introduces the reader to the different aspects of the legal system in Gabon, in partnership with Deloitte Gabon. OBG talks to Nicolas Balesme, Managing Partner, Deloitte Gabon, about the governance and benefits of public-private partnerships (PPPs).…
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…
Given the decline in oil prices from mid-2014 on, the government’s drive to diversify the economy away from its traditional reliance on hydrocarbons in line with its Emerging Gabon Strategic Plan has taken on greater importance. Drawing on its sizeable timber and mineral reserves, Gabon aims to develop new industries and boost domestic value added with the ultimate goal of achieving emerging mar
This chapter provides an overview of the Gabonese legal system, including the general legal environment and the legal framework for investment, touching on sector-specific incentives in tourism, agriculture and mining, among other areas.…
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…
The economy of Gabon has largely developed on the back of the country’s substantial oil and gas resources; however, declining production levels are leading the government to pursue a strategy of economic diversification. While efforts to encourage new investment and offshore oil exploration may yet yield results, the development of other industries, including forestry and mining, is being encour
OBG introduces the reader to the different aspects of the legal system in Gabon, in partnership with Deloitte.…