SIAT Gabon Agricultural Expansion Project
- Reference: P-GA-AAG-002
- Approval date: 12/09/2007
- Start date: 30/06/2008
- Appraisal Date: 31/05/2007
- Status: OngoingOnGo
- Implementing Agency: SIAT GABON (SOCIETE D'INVESTISSEMENT D'INVESTTISSEMENT TROPICALE)
- Location: GABON
LLe projet d'expansion se pr
The project is in line with the Bank's vision of developing the private sector in RMCs. It seeks to alleviate poverty in the project area by creating about 520 permanent employment. It will also support some 500 outgrowers. The project has a strong potential to generate a number of indirect jobs, particularly for women, and thereby further improve incomes and livelihoods of the local population. It will transform the local economy and at the national level, generate foreign exchange revenue and contribute in improving the balance of payment position of the country.
The project is financially, economically, and technically viable. The Bank's participation will support the Government's initiative to add more value to Gabon's palm oil and rubber production and diversify its economy away from oil. The project is supported by a reputable international company with experience in oil palm and rubber production, processing, and trading. The Bank has established a good working relationship with the sponsor, Siat SA of Belgium, by prior support of the GOPDC expansion project (its subsidiary in Ghana). The Bank intends to support the sponsor on its future investment drive in other RMCs.
DIRABOU YAPI Eric - OPSD4