Libreville is the political and administrative capital of Gabon. The population of Libreville is 850,000 inhabitants (the largest city of Gabon, 50% of the Gabonese population). Libreville is set for a welcome relief to the traffic congestion that clogs its main thoroughfares.
Current problem of public transport
Libreville currently has several vehicles for local transport. Taxi-bus: same color as taxi but vehicles are mini vans. Rare, at night. They drive the same path which is why local also call it the Metro. Clando: they usually work like Taxi Bus (price & path) but serves places where cabs don’t go since it’s too far. Safe during the day or apply tip from taxi.
The majority of transportation-related investments are road construction, even though the vast majority of Africans do not own cars. Instead, people must rely on inconsistent, informal, and often dangerous modes of public transport. Non-licensed driver, non-schedule buses, pickpocket, congestion are existed often.
The Gabonese authorities have made transport issues, both at national and local level, their very top priorities.
Urge to build a sustainable new bus system
In advance of the Africa Cup of Nations football tournament in 2017 – the second time this decade the country has hosted the tournament – road renovation is vital. As a means to ensure Gabon’s capacities to transport the expected 150,000 visitors at the event, the authorities have also sought to give a boost to key infrastructure in the four hosting cities, namely Libreville, Port-Gentil, Franceville and Oyem.
Delay of new buses system start
22 Oct, 2019 Libreville.com
Between the decision and the implementation process, there are intermediate stages: buying buses, insurance, recruiting drivers, recruiting employees. All of these stages have reached a 95% level of progress and in the process of finalizing the project. However, it is originally scheduled in August but it can’t be finished in November.
Overspending on the Trans-Gabon (Transgabonais) Railway and the France CFA devaluation of 1994 have caused debt problems. IMF missions have criticized the government for overspending on off-budget items, over-borrowing from the Central Bank, and slipping on the schedule for privatization and administrative reform.
The economy is highly dependent on extraction of abundant primary materials. Inability to capitalize on regional markets, lack of entrepreneurial zeal among the Gabonese. The small processing and service sectors are largely dominated by just a few prominent local investors.
In most African countries, financial issue burden their development of public transportation. Shortage of cash notes, fraud, and fake money have been a problem for bus companies in under developing countries. It’s a good chance for them to deploy a cashless payment system on their new buses or even old buses to stop fake money.
In Gabon 2018, GDP per capita in (PPP) $20,123. GDP growth 0.4 %.
By following a proven financial model based on charging a minimum deposit on each passenger stored-value card, it will be a big money-making business with minimum or no investment.
Operating as an Automatic fare collection (AFC) operator independent from the bus company, you can have a positive cash flow of investment over USD 1 million, and earn about USD 1 million every year for a population of a million passengers.
The writer is a frequently travel. To learn more about AFC, please visit mobileafc.net.