Gabon is one of the continent’s most stable countries, comprising of an upper-middle income country with per capita income four times the sub-Saharan African average and Central Africa’s only tradable Eurobond.
To support the national ambition towards industrialisation, the government of Gabon has set itself the goal of increasing its power production capacity drastically. This objective will be reached due to considerable investments in the production of gas, hydroelectric power and by the promotion of renewable energy sources. The fact that the country is made up of a small population with abundant oil resources as well as mineral reserves, the country truly has transformed into one of Africa’s wealthier countries.
Gabon has started to implement important political and economic reforms to transform Gabon into a newly developed country by 2025, strengthening and diversifying the economy. The agricultural sector in Gabon currently employs around 95% of the population. Food crops make up the majority of the country’s agricultural production and are more than 20 million hectares of unplanted arable land, representing a huge potential for new crops and equitable distribution.
Currency: Central African CFA franc
Population: 1.633 million
Official language: French Language