The African Development Bank (AfDB) has just granted a loan of 41 billion CFA francs (about 63 million euros) to Gabon, to support the country in the diversification of its economy.
According to the Minister of the Economy and Development Programming, Jean-Marie Ogandaga, this loan “will serve to accelerate the process of diversification of the economy.” The overall goal of the project is to contribute to strong and inclusive growth by improving the business climate and building institutional capacity, he added.
On the other hand, 8,000 new jobs will be created in the Nkok Special Economic Zone (which already has 16,000) near Libreville, and the Gabonese Revenue Authority will be deployed there.
This initiative will have to generate tax revenues from the non-oil sector in the order of 1 615 billion CFA francs by 2022, against 922 billion in 2017, said the minister.
By Antoine Lawson
