Gabon to ban export of raw manganese from 2029
LIBREVILLE: Gabon will cease exporting manganese from 2029 as part of a plan to transform national industry, President Brice Oligui Nguema said in a government statement published on Saturday.
Selling manganese, which can be used in the production of stainless steel and batteries, is one of Gabon's main sources of revenue, alongside wood and oil sales.
Speaking on Friday to the council of ministers, Oligui ordered "the formal ban... from January 1, 2029, of the export of raw manganese, a strategic resource of which Gabon is the second largest producer in the world," the government statement said.
The move in the country of 2.3 million people, one of the richest in Africa, aims at developing "an ambitious industrial policy based on the local transformation of primary materials, an increase in the national workforce's competence, the mastering of technological value chains and the consolidation of tax revenues", the statement added.
Oligui, a putschist leader who overthrew the Bongo family dynasty before winning elections in April with almost 95 percent of the vote, said he was giving the sector three years to make the necessary investments for the change.
That will also involve the setting up of a public-private investment fund to support the industry, the statement added.
During the council of ministers meeting, it was also decided to ban the import of chicken meat from January 1, 2027.
Despite the country's riches, a third of Gabonese live in poverty with one in 10 suffering from a lack of food.
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Time of India
3 days ago
- Time of India
Gabon to ban export of raw manganese from 2029
LIBREVILLE: Gabon will cease exporting manganese from 2029 as part of a plan to transform national industry, President Brice Oligui Nguema said in a government statement published on Saturday. Selling manganese, which can be used in the production of stainless steel and batteries, is one of Gabon's main sources of revenue, alongside wood and oil sales. Speaking on Friday to the council of ministers, Oligui ordered "the formal ban... from January 1, 2029, of the export of raw manganese, a strategic resource of which Gabon is the second largest producer in the world," the government statement said. The move in the country of 2.3 million people, one of the richest in Africa, aims at developing "an ambitious industrial policy based on the local transformation of primary materials, an increase in the national workforce's competence, the mastering of technological value chains and the consolidation of tax revenues", the statement added. Oligui, a putschist leader who overthrew the Bongo family dynasty before winning elections in April with almost 95 percent of the vote, said he was giving the sector three years to make the necessary investments for the change. That will also involve the setting up of a public-private investment fund to support the industry, the statement added. During the council of ministers meeting, it was also decided to ban the import of chicken meat from January 1, 2027. Despite the country's riches, a third of Gabonese live in poverty with one in 10 suffering from a lack of food.
News18
04-05-2025
- News18
Upcoming Dividends & Splits: Bajaj Fin, Varun Bev, Info Edge, More Ex-Dates This Week
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Time of India
03-05-2025
- Time of India
Gabon swears in former military chief as president, signalling return to constitutional order
Gabon swears in former military chief as president, signalling return to constitutional order (Photo: AP) Gen Brice Oligui Nguema was sworn in as the fourth president of the Republic of Gabon on Saturday, signalling a return to constitutional order in the country after nearly two years of political transition following the 2023 military coup in this Central African country known for its oil wealth. Hundreds of thousands of people gathered at a stadium in the capital, Libreville, to witness the ceremony. Nguema, 50, the former head of the country's republican guard unit, has pledged to diversify the central African nation's largely oil-dependent economy, reform the education system, and reduce youth unemployment. "Today we celebrate democratic renewal," Nguema said during a speech at the inauguration ceremony. "I promise to serve, protect and unite all Gabonese, that is the meaning of my oath." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] - 2025 Top Trending Search - Local network access Esseps Learn More Undo He defeated seven other candidates in the April 12 election, including outgoing Prime Minister Alain Claude Bilie-By-Nze, who finished a distant third with 3% of the vote. None of the other six candidates received more than 1% of the vote. Voter turnout was 70.11%. Some 920,000 voters, including more than 28,000 foreigners, were registered at over 3,000 polling stations. Gabon has a very high unemployment rate, especially among young graduates, and the economy is heavily dependent on oil. There is also a lack of infrastructure, including roads connecting the regional provinces and basic social services such as improving the supply of clean water to the population. Nguema overthrew President Ali Bongo Ondimba in 2023 and then led the country's transition before running and winning the presidential election on April 12 with 58,074 votes, or 94,85 % of the votes cast. Addressing the Gabonese people on Saturday, Nguema promised "a different Gabon, in line with our aspirations ... we will diversify our economy through the transformation of our raw materials." He said he would open Gabon to foreign investors. "Gen Brice Oligui Nguema has raised a lot of hopes among the population, but there is a difference between rhetoric and practice," said Serge Loungou, a lecturer in political geography at Omar Bongo University. "There are 40% of young graduates who are unemployed, the economy is heavily dependent on oil, and there is a lack of infrastructure, including roads to connect the regional provinces, and basic social services, such as improving the supply of clean water to the population." Gabon, which has a population of 2.3 million people, a third of whom live in poverty despite its vast oil wealth, will hold legislative and local elections in September.
