Gabon - The port situation within the framework of the AfCFTA

Officially in effect since January 2021, the AfCFTA agreement commits African countries to eliminating tariffs on 901 TPH (twenty-one-third, three-tonne) of the goods they produce. Gabon hopes to leverage this agreement to boost its exports to Africa by investing in the New Owendo International Port (NOIP).

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The long-term ambition is to create a common African market of 1.3 billion consumers where goods circulate and are traded without customs barriers in order to boost the development of member countries. Within this framework, intra-African trade is likely to increase by 521,300 tons and attract a significant flow of investment and opportunities to Gabon.

To attract more investors to Gabon, the New Owendo International Port (NOIP) has implemented several strategies, including reducing service costs and acquiring a new storage area that will simplify transit activities (import/export). This increased storage capacity will help diversify the new port's activities, such as storing palm oil and wheat, with a volume of 10,500 tons. Arise P&L (an Olam subsidiary) aims to make Gabon an attractive hub for new storage activities in African port operations.

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Launched in 2017, the NOIP (New Port of Gabon) is a key tool for diversifying the Gabonese economy and should help reduce the country's dependence on oil revenues. Its commissioning contributed to a slight increase (+21.3 TEUs) in port calls and cargo traffic, which accounted for 491.3 TEUs of revenue for the Gabonese Ports and Harbors Authority (OPRAG) in 2019. Several important waterways cross Gabonese territory, such as the Ogooué, the Komo, and the Nyanga. The Ogooué is the only direct access route to the interior of the country, from Port-Gentil to Lambaréné, during low water periods, and flows through Gabon from east to west.

The activities taking place there are numerous: passenger transport, timber floating, hydrocarbon exploration and extraction, fishing, tourism, and more. The lack of access to the lagoons and rivers has caused food prices to skyrocket. The abandonment of river and lagoon transport, due to the obsolescence of the state-owned company CNNII's vessels, has led to a corresponding decrease in the supply of agricultural products in the Port-Gentil markets and longer delivery times. On the Libreville-Port-Gentil maritime route, technical weaknesses, irregular traffic, and the low competitiveness of the public waterway carrier also prevent the implementation of technical price regulation for freight transport.