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加蓬投资环境介绍

发布时间:2022-06-17 09:33:15 文章来源:African Investments(业务四部转载)


Invest in Gabon
Invest Gabon

Country overview: Gabon is located in Central Africa bordering the Atlantic Ocean. It shares borders with the Republic of Congo to the east, Equatorial Guinea to the west and Cameroon to the north. It gained its independence from France on 17 August 1960. Its capital is Libreville with 9 Administrative provinces.  It is a multiparty Presidential Republic with the President sitting as the Head of state and Prime Minister as the Head of Government. It runs a bicameral legislative structure consisting of Senate and National Assembly. French is the official languages and a predominantly Christian country. It practices a mixed legal system of French Civil law and customary law. It has an area size of 0.267 million sq km. Gabon has one of Africa’s highest average per capita incomes.

 

Demographic Information: Gabon has an estimated population of 2.23 million comprising mostly of younger population (less than 25 years) which makes up about 58.4% of the population, those in the age bracket of 25-64 years makes up about 37.7% of the population and above 65 years age group makes up about 3.9% of the population. Average population density is estimated at 9 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 70.8 years (Women) and 67.3 years (Men). It achieved universal primary education with an 139.93% Primary enrolment rate in 2011 and overall literacy rate of 84.7% as at 2018.

 

Broad Economic Overview: The Gabon economy is dominated by hydrocarbons (80% of export earnings) and 45% of its GDP. The country is 5th largest oil producer in sub-Saharan Africa, Africa’s 2nd largest producer of wood and world’s leading producer of manganese. It has extensive rainforests and savannas offering potential for eco-tourism and industrial timber sector. The slump in the crude oil price in 2014 resulted in a decline in government revenue pushing the country to sign a 3-year extended agreement with the IMF in 2017 to restore macroeconomic stability. Following the IMF programme, economic recovery continued into 2019 with GDP growth of 3.4% as activities in non-oil sector (palm oil, timber, mines & rubber) gathers momentum. It managed to achieve a compounded annual GDP growth of 2.5% over the past 5 years. Its currency is Central Africa CFA Franc which is pegged to the Euro.  Main export are timber, crude oil, uranium and manganese. Major imports include petroleum industry equipment, foodstuffs, construction materials, chemicals etc.  

 

Investment Opportunities: The Gabonese government implemented an Economic Recovery Plan for 2017–20 following declines in the crude oil price in 2014 under the support of IMF. The plan aims to ensure inclusive growth and macroeconomy stability by reducing dependence on raw materials and promoting economic diversification through revival of its agricultural sector (cocoa, coffee and palm oil). The plan also focuses on the forestry sector as it plans to transform its forestry industry and increase its value add. There are also plans to develop tourism, particularly eco-tourism, to take advantage of its forest heritage. Outside the oil sector, investment should continue to grow rapidly in the mining (manganese), agri-food (palm oil, rubber) and forestry sectors.

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