Creates a new Special Economic Zone - the Mpassa-Lebombi

On 14 April 2022, the Government announced the construction of a new Special Economic Zone (SEZ), the Mpassa-Lebombi, in the south-eastern province of Haut-Ogooué. The SEZ aims at attracting investment in the agricultural and forestry sectors. Like the two existing zones, it will be a joint venture between the Government and Singaporean commodity trading firm Olam International, which acts as the principal shareholder (40.5%). The SEZ will be developed and modelled after the Nkok SEZ, which was created in 2011. Firms wishing to set up in the SEZ need to export at least three-quarters of their production. In return, the zones provide tax exemptions, efficient infrastructure and access to the local resources.

• Type:

  • Promotion and facilitation (Special economic zones)

• Industry:

  • Primary (Agriculture, forestry and fishing)

• Sources:

  • The New Gabon, Creation of a Special Investment Zone Mpassa-Lebombi, in Haut-Ogooué, https://www.lenouveaugabon.com/fr/economie/1504-18329-creation-d-une-zone-d-investissement-speciale-mpassa-lebombi-dans-le-haut-ogooue, 05 Apr 2022