Gabon – Invest In Gabon

Stable democratic country with a true culture of peace, a liberal economic system, Gabon, through the policy of the Head of State HE Ali Bongo ONDIMBA, has set up a real investment attractiveness policy that the installation of the ANPI-Gabon in its head office this January 15, 2018 comes to ratify.

Reasons to Invest 

1.BANKING AND FINANCIAL SYSTEM

The Gabonese Republic is a member of:

-the Franc Zone, which guarantees the free convertibility of its currency with foreign currencies.

-CEMAC, which ensures, through COBAC, a sound and secure banking system.

Gabon’s banking system consists of 10 banks, including 2 development banks; today Gabon aspires to greater specialization of financial institutions to better finance its investment projects.

2.LEGAL SYSTEM

Gabon is a member of the Organization for the Harmonization of Business Law in Africa (OHADA) also any investor settling in Gabon benefits a legal framework common to all

3.Starting a business

The formalization of your company in Gabon is now simple, efficient and fast. This is why the course of yesterday’s fighter is validly replaced by a quick and simple materialization of your formalities.

Sector opportunities

1.Energy

KEY FIGURES BY SECTOR

• 40% energy deficit  in Gabon
• Top 5 in energy competitiveness (KPMG, Choiseul)
• 72% mix of clean energy production
• 49% renewable energy
• 90% clean energy (80% hydroelectric power) Target in 2020
• € 2.2M in funding for Gabon’s electricity plan
• 760M € of financial commitment over 10 years

OPPORTUNITIES

• Construction of the okano dam “FE 2”, Cost: 90 – 100 M €
• Construction of the Booué Dam, Cost: 950 M €
• Construction of the Grand Poubara dam-Phase 2, Cost: 90 – 95 M €
• Construction of an interconnected network
• National Electricity, Cost: 90 – 100 M €

SECTOR ACTORS

• Policy: Ministry of Energy
• Producer: SEEG
• Transmission of electricity: SETEG

2.Wood

KEY FIGURES BY SECTOR

• 2nd African Forestry Potential
• + 4.6% Sales growth
• + 6.5% Sales growth
• + 53% Local sales
• 400 exploitable species
• 400 M m3 of current stocks
• 5% Share of GDP
• Export tax benefits in ZERO 

OPPORTUNITIES

Project 1

• Construction of 5 industrial areas
• Estimated costs: $ 8.1 million
• Next step: Study of opportunity to realize

Project 2

• Operation of Wood Bursary
• Estimated costs: $ 1.6M
• Next step: Feasibility study and financing plan

Project 3

• Installation in the N’Kok ZERP
• Estimated costs: according to project
• Next step: Immediate availability

SECTOR ACTORS

• SNBG / OLAM / GSEZ / ROUGIER / Ministry of
• Water and Forests

3.Agriculture

KEY FIGURES BY SECTOR

• Hectares of arable land 5.2 million
• Import of foodstuffs 650 million dollars (USD)
• Jobs in the sector 15,700
• Growth in the agricultural sector: 8.9%
• Employment growth: 10%

OPPORTUNITIES

Agro-pastoral farms (active SOGADEL)

SOTRADER Projet Graine Capital Introduction

SECTOR ACTORS

• Policy: Ministry of Agriculture
• Program: Seed, IGAD
• Distribution: CKGADIS, Import Price
• Major producer: SIAT GABON, OLAM, CAISTAB

4.Mining

Gabon has at its disposal a rich soil with mineral resources with more than 900 mining index, among which the most important are: manganese (a stock of about 250 millions tones) , iron ( a stock of more 1 billion tones) , gold and scarce soil. However, the mining sector in Gabon essentially depends on manganese exploitation and contributes slightly to the Gabonese economy with 4% of GDP. In the angle of doing this sector a major bedrock of its economy. Gabon has defined two strategic orientations: valued added optimization by local transformation and the diversification of the mineral exploitation (iron, gold, phosphate, scarce soil, construction, building materials, and manganese).

5.Fishing

KEY FIGURES BY SECTOR

• New legal framework
• 800 km of coastline
• 10 000 Km 2 of inland hydrography
• 20,000 jobs
• 1.5% share of GDP
• € 108 million in fisheries  GDP
• 9 800 tons / year Industrial fishing

OPPORTUNITIES

Construction of fishing port

SECTOR ACTORS

Ministry of Agriculture, Fisheries and of Breeding

6.Tourism

KEY FIGURES BY SECTOR

• Business travel: 59%
• National Parks: 13%
• Revenues: 417 Billion CFA francs
• 3% of GDP
• 400 Hotel structures
• 5000 Employments

7.Real estate

Gabon is an urbanized country at 85%, one of the highest rates in the world. However, the action is experiencing a deficit of urban development and has not developed the potential of the real estate sector, despite a real demand from households and institutional operators.

Demand in the property market is high with a housing deficit for households valued at more than 50,000 dwellings, mostly in the social housing segment. A percentage of 40 million USD per year for a location, and the private sector more than 48 million USD per year.