Gabon signed accords with three Asian companies to build infrastructure and develop palm-oil and lumber projects that are expected to generate at least $4.5 billion of investment in the country, officials said.
The programs, which may create 50,000 jobs, are part of President Ali Bongo Ondimba’s plans to diversify the nation’s economy, the presidency said in an e-mailed statement today from the capital, Libreville.
“Our objective is to diversify the economy to prepare for the post-oil era using sustainable projects,” Christian Nkero Capito, an adviser to Economy Minister Magloire Ngambia, said in a phone interview today. read more
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