Start a Business in Gabon, Click Here
Gabon, which is located in Central Africa and borders the Atlantic Ocean, has a tiny population and enormous natural resources, allowing it to become one of Africa's richest countries. Cameroon, the Republic of the Congo, and Equatorial Guinea share boundaries with the country, which is slightly smaller than Colorado. Gabon, a tropical country with large expanses of protected parkland, has a tropical climate. Petroleum, natural gas, diamonds, niobium, manganese, uranium, gold, timber, iron ore, and hydropower are among the abundant natural resources.
What Businesses are Good to Start in Gabon?
1. Petroleum, Oil and Natural Gas
The petroleum industry continues to offer chances for big corporations. Due to the natural decline of aging oil fields, the government is focusing on developing offshore, deep-water resources to double oil production to 500,000 barrels per day (BPD) by 2025, up from 198,000 BPD now.
Related Projects: - Petroleum and Petroleum Products, Refining, Greases, Lube Oil, Brake Fluid, Automotive & Industrial Lubricants
Offshore resources currently account for more than 70% of the estimated reserves of less than 2 billion barrels (2012 estimate). Gabon's concentration on offshore development could create new opportunities for oil and gas technology and services from the United States. Gabon's position in Central Africa, as well as its relative stability, puts US corporations near other markets in the region.
In 2019, Gabon adopted and enacted a new Hydrocarbons Code. This came after extensive discussion with legal, academic, and tax professionals to make Gabon more appealing to foreign investment.
2. Wood and Furniture Business
To stimulate local manufacture of wood products and develop a wood-based industrial sector, the government banned the export of untreated wood and raw timber in 2009.
Timber processing enterprises have opportunities. Gabon has a bold plan to increase exports of forest-wood products, and the country promoted the industry with the first annual Gabon Wood Show in 2018.
Related Books: - Wood, Bamboo, Coal, Lignin And Its Derivatives
Gabon is the African leader in tropical veneer production, with 270,000 cubic meters produced (6th world producer of tropical veneer and 12th worldwide producer of all types of veneers).
Gabon was Africa's fourth greatest producer of sawn timber and the world's 26th greatest producer of all forms of sawn wood combined. Gabon's Special Economic Zone (SEZ) is already producing steel rebar, furniture, plywood, and other wood products, thanks to its tax-free zone.
3. Paper and Paper-Based Business
Related Videos:- Paper Industry, Paper & Paper Board, Paper Bags, Cups, Tube, Disposable Paper Products, Kraft Paper, News Print, Corrugated Board, Hand Made Paper
The advantages of domesticating tissue paper manufacture in Africa are obvious, particularly given the aforementioned increase in Africa's population and private consumption. Certain countries in Africa's north and west may have an advantage since energy, water, and manpower are more readily available, allowing them to expand their tissue mill installation and operation plans with less risk. Africa currently produces 2,750,000 tonnes of packaging paper and 1,850,000 tonnes of tissue paper each year. Paper production is predicted to increase by 500,000 tonnes in 2020, thanks to the launch of new tissue paper mills and increased understanding of market demands and manufacturing technologies across the continent. With the availability of machinery and good labor in central Africa, one can easily step into this business.
4. Textile Business
The African textile business is diverse, yet the cotton market appears to be a constant. Cotton is currently grown and sold in several African countries. The African Growth and Opportunity Act (AGOA) was signed into law by the US Congress on May 18, 2000, as part of the US Trade and Development Act of 2000, to boost the economic power of the African continent. Since its enactment, eligible members such as Kenya, Malawi, Lesotho, Equatorial Guinea, Gabon, and Zimbabwe have achieved continuous tangible results and tremendous success.
African textiles and clothes are also becoming more popular around the world, and African patterns are becoming recognized as truly trendy and classic pieces. African inspirations are increasingly being incorporated into the current collections of international fashion businesses.
Our team has streamlined the process for you by offering a "Free Instant Online Project Identification & Collection" (Choosing the Best Business Startup) search facility to classify businesses/projects based on various search criteria related to project costs/investment, namely: Plant & Equipment Expense, Overall Capital Investment, Project Cost, Rate of Return Percentage (ROR), and Break-Even Point (BEP). You will filter the projects/businesses based on the above criteria and find an appropriate business/startup/project that fits your investment requirements, follow this link below!
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Finding the appropriate new business is one of the most talked-about topics today. Starting a business is a difficult task, but if you succeed, the time, work, and challenges will be well worth it. Take your time to discover the ideal business for you to give yourself the best chance of success. At NIIR PROJECT CONSULTANCY SERVICES (NPCS), we strive to make the business selection an easy and straightforward process for any entrepreneur or start-up.
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