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Gabon: Prometal Invests CFAF 38 Billion in a Steel Factory

Summary by Financial Afrik
On 1 July 2026, Prometal Gabon, a subsidiary of the Cameroonian Conglomerate Prometal Group, based in Douala, officially launched the construction of a 38 billion FCFA steel plant (nearly US$66.3 million) in the Special Economic Zone (SEZ) of Nkok, in Libreville. This industrial investment marks a major step in the structuring of the steel industry within the Central African Economic and Monetary Community (CEMAC). This initiative is part of the…
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On 1 July 2026, Prometal Gabon, a subsidiary of the Cameroonian Conglomerate Prometal Group, based in Douala, officially launched the construction of a 38 billion FCFA steel plant (nearly US$66.3 million) in the Special Economic Zone (SEZ) of Nkok, in Libreville. This industrial investment marks a major step in the structuring of the steel industry within the Central African Economic and Monetary Community (CEMAC). This initiative is part of the…

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Financial Afrik broke the news on Friday, July 3, 2026.
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