en
en
Bitcoin
66,013
Bitcoin
$ 71,329
Bitcoin
66,013

Gabon hinges Economic revival on PPP and investments

The Prime Minister delivered, on September 4 in Libreville, his action plan to revive the economy weakened by the Covid-19 pandemic. Rose Christiane Ossouka Raponda intends in particular to accelerate the execution of public-private partnership (PPP) projects and stimulate public investment in growth-promoting projects.

 

The second focus of the action of the Ossouka Raponda government, relaunching the economy appears to be imperative to restore colour to the national economy, weakened by the Covid-19 pandemic. Estimated at -0.8% in 2020, Gabon’s economic growth should be between 2% and 3% in 2021, the Prime Minister announced in his general policy statement on September 4 in Libreville.

“To do this, we need to speed up the execution of public-private partnership projects, make the State’s action in terms of public investment understandable, pursue the execution of current investment projects and restore confidence investors by improving the business environment, ”said Rose Christiane Ossouka Raponda.

The government intends to accelerate the execution of public-private partnership (PPP) projects, some of which are being implemented or launched, such as the Transgabonaise, the Kinguélé Aval, Ngoulmendjim and Dibwangui dams. Alongside the projects financed through Public-Private-Partnerships, the head of government believes that public investment must also be stimulated. Thus, the focus will be on several priority projects capable of supporting growth.

These are the road, access to electrification and drinking water, access to serviced land and housing. To revive the economy, the Ossouka Raponda team also intends to support the sectors of agriculture, fishing, timber, tourism, mining, hydrocarbons and digital.

However, for the stimulus program to produce its effects, the government must ensure professional training and education, so that job creation benefits Gabonese; the development of small and medium-sized enterprises (SMEs), so that they become key players in our economic transformation; better governance of public procurement so that it benefits the local economic fabric more.