Gabon Prime Minister Plans Infrastructure Projects for Growth

Gabon’s prime minister, Raymond Ndong Sima, is planning infrastructure investments to boost the central African nation’s economy for “sustained, inclusive and equitable” growth.

Projects include construction of hospitals, a network of urban roads, and the extension of the electricity grid beyond the country’s main cities, he told reporters in Libreville, the capital, today.

Ndong Sima, 57, was appointed by President Ali-Ben Bongo Ondimba on Feb. 28 following a parliamentary election in December when the ruling Parti Democratique Gabonais won 108 of 120 seats.

Growth in Gabon, central Africa’s third-biggest oil producer, is projected to slow to 3.3 percent this year from 5.6 percent in 2011, according to the International Monetary Fund.

An economic recovery needs effective tax systems, better access for the poor to financial services and promotion of private sector development and investment, Ndong Sima said.

To contact the reporter on this story: Antoine Lawson in Libreville via Accra at ebowers1@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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