Gabon, officially known as the Gabonese Republic, is situated in central Africa, bordering Equatorial Guinea, Cameroon and the Republic of Congo. Industry is centred on Libreville, the country’s capital, and Port-Gentil.
Until the discovery of oil in the 1970s, the Gabonese economy was dependent on exports of timber and manganese. Both industries remain important, but have been eclipsed by oil. Today, oil accounts for around 80% of exports, bringing in around 50% of GDP. The country is the third-largest producer of crude oil in sub-Saharan Africa. Like many oil producing countries, Gabon’s economy has been affected by the global downturn in oil prices. However, Gabon’s GDP per capita remains around $10,000, four times higher than the regional average. At present, Gabon has only one oil refinery. In 2012 Gabon agreed to develop a new facility, with the assistance of Samsung. Both refineries will be located in Port -Gentil.
The Gabonese economy is dominated by a small number of local investors, and owing to a lack of industrial diversity, the country is unusually dependent on imports. In recent years the government has taken steps to diversify the economy, though progress has been slow.
Our local team of professionals is based in Libreville and offers investors a wide range of world-class professional services.
Latest insights, case studies and news from across the network
Growing through acquisitions: A strategy for growth
When you are looking to create more value for the business, acquisitions are a strategy for fast growth. HLB’s David Horwich explains.
The modernisation of healthcare through AI
COVID-19 has accelerated the influx of advanced computing techniques into healthcare, modernising the sector through AI and other digital technologies.
Unconscious bias awareness study
In this HLB report, we explore why tackling unconscious bias will be the key to driving greater diversity and inclusion within the professional services industry.
Awards and testimonials
– Gerard Amaato, Vice President of Finance – Alexander Wang
2015 Finance Award for ‘’Best Global China Service"
Wang Feng, CEO Huawei Technologies Niger - Huawei Technologies Niger
Huawei Technologies Niger
Georg Schoder. Chief Financial Officer - New Frontier Group
New Frontier Group
Mingxi Huang, Director of ZTE Ukraine
Ari Swiller, Co-founder and Managing Partner, Renewable Resources Group
Renewable Resources Group
Kevin Brock, Chief Financial Officer - JF Hillebrand
Ingo Körner, CFO, Broetje-Automation Group
David Harnan, Finance Director - EPR Architects Limited
EPR Architects Limited
Anna Jedrocha, Financial Director
Frank Guckelberger, BOA Balg- und Kompensatoren-Technologie GmbH
Stefan Schweizer, TUMI
Frank Schoolderman, Corporate Finance Director, Thermaflex
Employer of Choice for Accountancy
Employer of Choice for Consulting
SATO EUROPE GMBH
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation