On September 18, 2026, the Council of Ministers convened in Port-Gentil, the capital of Gabon's Ogooué-Maritime province. The meeting was expected to yield significant announcements regarding the revival of the local economy. President Brice Clotaire Oligui Nguema emphasized the need for the government to address pressing challenges, including persistent unemployment, reduced or ceased business activities, and capital flight.
The President highlighted the difficulties faced by Port-Gentil, a city once thriving due to its oil industry. He noted a decline in the city's attractiveness, inadequate urban maintenance, and the detrimental effects of corruption on economic activity and investor confidence. These issues have contributed to a challenging economic environment in the region.
In response to these challenges, President Oligui Nguema unveiled several measures aimed at improving the business environment, preserving viable enterprises, and promoting investment. These include streamlining tax collection procedures and ensuring that public revenue mobilization does not compromise the long-term viability of businesses that create wealth and jobs.
To enhance the security of judicial procedures, the President proposed a mechanism for consigning assets during appeal procedures and a system for accelerated processing of disputes. Additionally, he suggested a targeted and temporary easing of foreign labor recruitment procedures, with a focus on prioritizing national employment.
The President also called for responsible trade union practices, emphasizing the importance of social dialogue in resolving professional disputes. He instructed the government to finalize the necessary legal and operational instruments to implement these measures, with decisions in the regulatory domain to be taken promptly and those requiring legislative intervention to be submitted to Parliament urgently.
The implementation of these measures is seen as crucial, with 2028 being a significant target year. The President's administration is under pressure to deliver tangible results, and the proposed measures are expected to have a positive impact on the local economy.
The Council of Ministers' meeting in Port-Gentil is part of a broader effort to engage with local stakeholders and address regional concerns. The President's visit to the city was seen as an opportunity to connect with the local population and demonstrate his commitment to addressing their needs.
Key points
- President Oligui Nguema announces measures to improve the business environment and promote investment in Port-Gentil.
- The measures aim to address pressing challenges such as unemployment, corruption, and capital flight.
- The implementation of these measures is seen as crucial, with 2028 being a significant target year.
