SEM was formed by Presidential decree in 2011 to facilitate the development of Gabon’s mineral resources. SEM is a private company which is wholly owned by the Government of Gabon Initially, SEM’s activities will be focused on expanding and developing strategic national minerals.
Since 2009, Gabon has implemented an ambitious development strategy with the view to meet by 2015 the criteria usually accepted to be classified as an emerging country. This strategy, called Emerging Gabon, aims to achieve a balanced economic and social with due consideration to the environment so that the country’s wealth contributes to the improvement of the Gabonese people living conditions.
Like many oil-producing countries, Gabon, has been hit hard by the impact of the drastic drop in commodity prices. This situation has led to a slowdown in our economic activity.
In this context, I instructed the Government to set up a Transformation Acceleration Plan (T.A.P). This program aims to revive our economy by accelerating the transition to a post-oil paradigm, and emphising a new engines of growth whose potential can be increased. These include the mining, forestry and agricultural sectors.
In addition, Gabon is strengthening its energy capacity through the imminent completion of new solar or hydroelectric power plants in order to give a new impetus to its industrialization process.
Beyond the infrastructure development , the induced effect of the implementation of this recovery plan is to ensure fiscal adjustment and the promote the private sector as levers for diversification and transformation of the national economy. »
SE Ali Bongo Ondimba, President of the Republic, Head of State.
SE Ali Bongo Ondimba
President of the Republic, Head of State.