Gabon champions its green industry vision at the Perth Boao Forum

The Gabonese government recently unveiled its ambitious vision for industrial transition at the Boao Forum, held in Perth, Australia. Hermann Immongault, the Vice-President of the Government (VPG), addressed a panel focused on driving growth in the green industry sector, outlining the nation’s strategic direction to an audience of investors, public officials, and economic partners.

Immongault’s presentation highlighted a comprehensive strategy centered on the in-country processing of natural resources, fostering local content, promoting innovation, and securing financial collaboration to build a sustainable and competitive economy.

Leveraging Gabon’s rich forest reserves, strategic mineral deposits, and significant energy potential, Hermann Immongault passionately advocated for developing complete value chains. He emphasized, ”Gabon aims to be more than just a raw material supplier. Our ambition is to establish comprehensive value chains.” He further stressed the importance of industrialization that generates employment and opportunities for national enterprises, Gabonese workers, and local communities.

The VPG also showcased the Nkok Special Economic Zone, operated by GSEZ, which holds the distinction of being Africa’s first carbon-neutral industrial zone, certified under ISO 14064-1 standards. This innovative model relies on transforming wood residues and recycling used plastics and tires. Additionally, he highlighted the Belinga project, a collaboration with the Australian firm Fortescue, aimed at establishing a ”green iron” industry.

Discussions also delved into the crucial aspect of financing this transition. Hermann Immongault urged for stronger international partnerships to attract increased green investments, all while ensuring the protection of the interests of local communities.