Gabon and DRC Target Economic Growth through Mining Sector Expansion and Diversification by 2026
Gabon is projected to achieve a GDP growth of 3.7% in 2026, supported by economic diversification in timber, manganese, palm oil, and rubber. The mining sector, particularly iron ore from Belinga, is set for development. However, persistent oil revenue decline and high public spending may maintain a budget deficit of 4.6% of GDP. Concurrently, the DRC aims to enhance partnerships with mining companies to boost investments and production, with significant output from copper and cobalt expected in 2026.
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Gabon is anticipated to grow its GDP by 3.7% in 2026, according to World Bank estimates, buoyed by economic diversification into sectors like timber and manganese. The mining sector's growth will be driven by the commencement of iron ore extraction at Belinga and the opening of new sites.
Despite this growth, challenges remain, including declining oil revenues and a projected budget deficit of 4.6% of GDP. Meanwhile, the DRC is looking to strengthen partnerships with international mining firms to increase investments and mineral production, particularly copper and cobalt, as part of its economic expansion strategy.
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