Property Investor information: Gabon
TPI
Rating:
10
9
8
7
6
5
4
3
2
1
nc
Property Investor information for: Gabon
Only two autocratic presidents have ruled Gabon since independence from France in 1960. Gabon's current President, El Hadj Omar BONGO Ondimba - one of the longest-serving heads of state in the world - has dominated Gabon's political scene for almost four decades. President BONGO introduced a nominal multiparty system and a new constitution in the early 1990s. However, allegations of electoral fraud during local elections in 2002-03 and the presidential elections in 2005 have exposed the weaknesses of formal political structures in Gabon. Gabon's political opposition remains weak, divided, and financially dependent on the current regime. Despite political conditions, a small population, abundant natural resources, and considerable foreign support have helped make Gabon one of the more prosperous and stable African countries.