News By Tag
News By Place
E.J. Miller of IDC, of Suburban Washington DC & Gabon Budget Minister, H.E. Louembe Sign Housing MOU
17 September, Libreville Gabon - H.E. Blaise Louembe, Gabon's Minister of Budget, Housing, Urbanization, Ecology and Sustainable Developement signed a landmark MOU for the construction of 5,000 'Green Engineered' homes in Libreville, Gabon.
Minister Louembe, whose concerns regarding Urban Development have led him to study both Urban Ecology and Human Habitat, first met with Mr. Ekram J. Miller, President of Intercontinental Development Corporation to discuss the plans to transform Gabon into a 21st century example of ecologically sound sustainable development. These two wise gentlemen then worked out a Protocole D’ Accord which will serve to expand Gabon’s business friendly environment and create an attractive destination for tourists and retirees world-wide.
This 1.2 Billion Dollar Gabonese Project will include the entire infrastructure needed for an entire, green based, residential community. The plans will encompass environmentally sound power facilities, well paved streets and 21st century plumbing and sewer lines. The currently planned amenities include a full library with computer labs, state-of-the-
Minister Blaise Louembe, during his discussions with Mr. Ekram Miller, also decided to develop a financing system to facilitate the purchase of each of these 5,000 ecologically sound housing units by a regular, hardworking, middle class citizen of Gabon. Minister Louembe carefully analyzed the mistakes made by other governments and has devised a system of mortgage finance that is perfect for Gabonese middle class citizens, allowing them to make only a 20% down payment on a finely built permanent home.
Deputy Minister of Housing, Nanette Longa-Makinda attended the meeting with her staff to ascertain that the housing needs of the Gabonese people would be met. Deputy Minister Makinda is a graduate of the Universite’ Michel de Montaigne where her course work on sustainable urbanization has made her uniquely qualified to work directly as H.E. Louembe’s right hand on all important Gabonese urban development projects.
Gabon, with its capital in beautiful Libreville is one of the most prosperous countries in sub-Saharan Africa. Gabon has a low population density and abundant natural resources including oil, minerals and hardwood timber. H.E. Blaise Louembe was raised to love his country and respect its resources. Therefore, once elected as Paymaster General of Gabon in March of 2000, H.E.Louembe began working tirelessly with Gabon’s President Bongo to make the Gabonese GDP the third highest per capita in the area. In October of 2008, President Ali Bongo made Blaise Louembe the Minister in charge of Public Accounts, Civil Service and the Budget, and later, in 2009 placed him in charge of Gabon State Reform. Since then, Minister Louembe has worked non-stop to make Gabon the Jewel of West Africa.
Gabon’s GDP growth for 2011 is forecast at 5.6%, a direct result of Minister Louembe’s tireless work with the mining industry, the wood processing industry and his support of public infrastructure investment. He has managed to keep Gabon’s inflation at 2.3% while the USA is rocked by a 3.8% inflation rate; South Africa is stonewalled by 5.3% inflation and China is floored by a 6.2% inflation rate.
H.E. Blaise Louembe attended the respected University of Libreville in Gabon with the Gabonese Ambassador to the USA, H.E. Michel Moussa-Adamo.
For More Information on IDC please Visit: http://www.idc-
For More Information on H.E. Blaise Louembe please Visit :http://en.wikipedia.org/
For More Information on IDC's work in Benin, Please Visit: http://www.prnewswire.com/
For More Information on IDC's work in Ghana, Please Visit: http://www.graphic.com.gh/
# # #
Intercontinental Development Corporation is poised to help both established companies and new investors obtain capitalization to research, develop and build municipal projects. These types of large projects employ hundreds, if not thousands of workers, and improve the lives of people around our globe.
Page Updated Last on: Oct 05, 2011