The COVID-19 crisis significantly impacted the postal sector, and the subsequent surge in digitalization has further disrupted the market, forcing postal services to contend with innovative competitors. This challenge is particularly acute in Africa, where postal services must adapt and reinvent themselves to remain relevant.

Equatoguinean investors, represented by INVERFIN, met with Gabon's Minister of Communication and Media, Laurence Ndong, on Thursday, May 23rd, to discuss potential investments in the country's postal and telecommunication sectors.

The investors signaled their interest in supporting Gabon's postal service (La Poste SA) in its digital transformation initiatives. The discussions also explored backing an economic group formed by La Poste SA, Télédiffusion Gabon (TDG), and Universal Services for expanding telecom network coverage in underserved areas.

According to a Facebook post by Minister Ndong, INVERFIN expressed willingness to "fully finance La Poste SA's digital projects" across the tri-border zone (Gabon, Equatorial Guinea, Cameroon) and beyond. The investment seeks a return based on a memorandum of understanding (MoU) currently under legal review by La Poste SA and the Ministry.

This financial support aligns with Gabon's Digital Plan and the Universal Postal Union's (UPU) directives, emphasizing the need for La Poste SA to adapt and capitalize on e-commerce, e-government, and digitalized financial services. The UPU's 2023 Integrated Index for Postal Development (2IPD) ranks Gabon's postal development as "weak" with a score of two out of ten.

“INVERFIN representatives are expected to return to Libreville in a few weeks for the final signing of the memorandum of understanding,” Minister Ndong's post informs.