The Ministers of Investment Promotion and the Economy and Recovery, Carmen Ndaot and Jean Marie Ogandaga, respectively Chairman and Vice-Chairman of the Steering Committee for the coordination of work relating to the adoption of the Investment Code, have chaired on August 18 in Libreville, a working session aimed at validating a project to accelerate the improvement of reforms and the business climate in Gabon.
Carmen Ndaot and Jean Marie Ogandaga, Ministers of Investment Promotion and the Economy and Recovery, respectively Chairman and Vice-Chairman of the Steering Committee for the coordination, drafting and validation of the work relating to the adoption of the Code investments were agreed on August 18. This work aims to build the basis of the Global Orientation Law relating to an investment climate conducive to nationals and foreigners and producing positive effects on the national economy.
“The present draft Investment Code, submitted for our examination and validation, has the main ambition to restore the confidence of national and foreign investors and to guarantee the conditions to make our business environment more attractive”, declared Carmen. Ndaot. According to her, this document will “contribute to improving the business climate and the policy of diversifying our economy by implementing institutional and regulatory reforms that promote greater security for investments made in the Gabonese Republic”.
Several other ministerial departments are part of this Committee, namely Foreign Affairs, Interior, Justice, Budget, Trade and Labor. We also note the presence of the National Agency for the Promotion of Investments of Gabon (ANPI-Gabon), Taxes, Customs, the Chamber of Commerce, among others. Their mission consists on the one hand, to validate the work of the preliminary draft of this Investment Code, presented by the Technical Committee and to present the conclusions to the Prime Minister, Head of Government and to the Council of Ministers for adoption. of the bill on the investment code on the other hand.
Carmen Ndaot further underlined that it is a question of “putting in place an efficient and transparent system to attract and carry out investments, improve and modernize the legal framework for investments and promote the development and ‘application of good international investment practices and standards’.
