In 2018, French exports to Gabon rose to 6.25% for the first time since 2011, according to French customs authority. This data demonstrates a revival of activities after years of poor demands, from 2015 notably.
In this country of fewer than 2 million residents, French products hold a prominent place in every sector.
During the period under review, French exports reached €459 million for the first time since 2015 when the steep decline in oil prices unbalanced Gabon’s economy.
Due to that, the local demand for French products that represent about 30% of Gabon’s imports sharply decreased (20% in 2015 and 13% in 2016).
The rise in 2018 thus translates a revival of the local demand for French products while economic activities are still weak in Gabon (1.2% growth in 2018) even compared with the average within the CEMAC zone (2% growth in 2018).
That year, Gabon became France’s second market in the sub-region, behind Cameroon whose imports from France are valued at €505 million during the period under review.
The main products that year were electrical appliances (24.5%), agribusiness products (21%) and pharmaceuticals (11%).
Stéphane Billé
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Ethiopia rolling out nationwide EV charging network, EEU says First phase includes 40 stations, mainly in Addis Ababa Plan supports rapid EV growth,...
Angola issues $185 million bonds to recapitalize TAAG Move aims prepare airline for partial privatization, attract investors Restructuring...
PETROCI raises 200 billion CFA francs to fund Baleine project Financing supports Phase 2 expansion, prepares launch of Phase 3 Project boosts...
Senegal launches solar-plus-storage projects to boost grid stability Diass project adds first battery system, backed by KfW, AFD Linguère...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...