We chose to invest in Gabon due to its political stability, logistical potential, its favourable agri-climate, thriving economy and the synergy of Olam’s objectives with those of the Republic’s ‘Emerging Gabon’ strategy, in particular their commitment to sustainable development. In turn, the Republic of Gabon was keen to develop an agricultural economy of which it has very little (around 60% of food is imported), diversify from fossil fuel exports, create employment and reduce poverty – approximately 33% of people live at or below the poverty line.
Through our investments we are now the country’s largest private sector employer, generating significant employment opportunities in rural areas. The strength of the Olam Gabon’s team lies in our expertise across the various businesses and global diversity across cultures. While we continue to retain some foreign specialists within each business, the number of Gabonese workers continues to rise – we now employ over 9,000 Gabonese people.