On June 2, 2025, African Export and Import Bank (Afreximbank) President, Professor Benedict Oramah, met with Gabonese President Brice Clotaire Oligui Nguema in Libreville. The meeting took place at the Presidential Palace and focused on transforming Gabon’s economy.
Both leaders agreed to work together to boost local industries, improve energy access, and build modern infrastructure. They aim to reduce Gabon’s dependence on raw exports and promote value-added processing.
“This partnership is important for meeting our promises to the Gabonese people,” said President Oligui Nguema. He said the government would focus on using natural resources and developing agro-industries to create jobs and grow the economy.
$5 Billion Investment Planned to Expand Railway and Industries
Afreximbank plans to raise its total investment in Gabon to $5 billion, up from the current $1.2 billion. The new funds will support major projects in mining, rail transport, and industrial development.
Professor Oramah said the bank’s first priority would be the rehabilitation of Gabon’s railway network. The goal is to improve the transport of minerals, especially iron. This project is expected to triple Gabon’s exports and increase local processing.
Over time, the bank also plans to support the development of an electric railway network. This will reduce energy costs and make transportation cleaner and faster.
Afreximbank’s strategy fits with Gabon’s long-term development plan. The country wants to reduce its reliance on oil and build other strong sectors, such as agriculture and manufacturing.
Partnership With ARISE IIP to Strengthen Africa’s Industrial Base
The meeting included Mr Gagan Gupta, the President of ARISE IIP. His company partners with Afreximbank and plays a major role in Africa’s industrial expansion.
ARISE IIP helps African countries set up industrial parks, improve logistics, and attract investors. Gabon has already benefited from ARISE-led projects, including modern export zones and processing hubs.
The Gabonese government believes these partnerships will help the country create more jobs and compete globally. The focus is on processing raw materials at home rather than exporting them in their natural form.
“We want to build a strong industrial sector and improve how we use our natural wealth,” President Nguema said.
This new phase of cooperation is expected to bring long-term benefits to Gabon’s economy and improve the lives of its citizens.
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