Gabon Under New Leadership
As of May 2025, Gabon is under the leadership of President Brice Clotaire Oligui Nguema, a former army general who officially assumed office on May 3, 2025, following a decisive electoral victory. Nguema initially came to power through a military coup in August 2023, which ended the 56-year rule of the Bongo family. His election marks a significant political transition, with promises to diversify the economy and strengthen democratic institutions.
Investing in Gabon: Opportunities and Considerations
Gabon offers a range of investment opportunities, particularly in sectors such as oil and gas, mining, timber, agriculture, tourism, and real estate. The government has implemented several initiatives to attract foreign direct investment (FDI), including the establishment of the Investment Promotion Agency (ANPI-Gabon) and the creation of Special Economic Zones (SEZs) like the Nkok SEZ.
Key Investment Sectors:
- Natural Resources: Gabon is rich in oil, manganese, and timber, making it an attractive destination for investments in these industries.
- Agriculture: The government encourages agricultural investments through tax and customs incentives, aiming to diversify the economy and reduce reliance on imports.
- Tourism: With its abundant natural beauty, Gabon is focusing on developing its tourism sector. The government has committed significant funds to boost tourism infrastructure, presenting opportunities for investors in hospitality and related services.
- Real Estate: The growing demand for both residential and commercial properties, especially in urban areas like Libreville and Port-Gentil, offers potential for real estate investments.
Investment Incentives:
Gabon provides various incentives to attract investors, including:
- Tax Breaks: Exemptions on customs duties for imported equipment in sectors like oil, mining, and agriculture.
- Special Economic Zones: SEZs offer additional tax benefits and streamlined administrative procedures.
- Legal Protections: Laws are in place to protect foreign investors and offer guarantees against nationalization.
Considerations for Investors:
While Gabon presents numerous opportunities, potential investors should be mindful of certain challenges:
- Infrastructure: Some areas may have inadequate transport and energy infrastructure, affecting production costs.
- Bureaucracy: Administrative procedures can be complex and time-consuming.
- Market Size: The domestic market is relatively small, which may limit certain business opportunities.
Working with President Nguema, Gabon is taking steps to create a more diversified and investor-friendly economy. With its rich natural resources and strategic initiatives to attract FDI, the country offers various opportunities for investors willing to navigate its unique challenges.