Akanda, Gabon — April 25, 2026 – In a strategic move to combat the cost of living crisis, the Central Buying Hub of Gabon (CEAG) has successfully launched its inaugural ‘mega market’at the Stade de l’Amitié in Akanda, north of Libreville.
The event, held on Saturday, April 25, has drawn considerable interest and support from the Gabonese public.
The director of the CEAG, Théophile Boutamba, expressed satisfaction with the high level of engagement from the citizens. Officials commented on the matter. For the first morning of the market, the attendees were predominantly residents from the Akanda commune.
The market offered a variety of products, including rice, oil, pasta, canned goods, salt, poultry, meat, and household cleaning supplies.
The mega market, which is set to conclude on Sunday at 6:00 PM, is part of the CEAG’s broader strategy to reduce intermediaries, thereby lowering prices on essential goods.
The initiative aligns with the government’s objective to ensure food security and stabilize prices.
The CEAG, a mixed company owned 37% by the state and 63% by private national operators, was established following a preparatory phase that commenced in January 2026.
The market utilizes a QR code system for authorized points of sale, promoting transparency.
The government anticipates that the mega market will contribute to the affordability of essential goods and price stabilization by controlling the supply chain. Initial feedback indicates a positive reception from the public, who are seeking affordable options.
In the coming days, the CEAG plans to extend this sales initiative through approved distribution circuits, including markets in Grand Libreville such as Mont — Bouët, Okala, PK5, Lalala, Nkembo, Owendo, Nzeng-Ayong, Akébé-IAI, and Charbonnages.
The mega market is one component of a larger system introduced by the Gabonese government to address the cost of living crisis.
On April 10, 2026, Gabon launched its Central Purchasing Agency (CEAG), a state-supported mechanism designed to regulate markets and curb rising living costs.
The CEAG is responsible for overseeing imported goods, ensuring their quality and cost, and monitoring their entry through customs. This initiative comes against the backdrop of challenges in Gabon’s business environment, as reported by the International Monetary Fund (IMF).
As the CEAG expands, it is expected to significantly impact the nation’s economy, potentially reducing the cost of living for many Gabonese citizens.
However, the long — term effectiveness of the initiative hinges on its ability to maintain affordable prices and ensure a reliable supply of essential goods across the country.
The opening of the mega market in Akanda represents a crucial milestone in Gabon’s efforts to combat the cost of living crisis.
As the initiative is rolled out nationwide, it will be essential to monitor its impact and evaluate its effectiveness in stabilizing prices and enhancing food security.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Agpgabon
Source: Redaction
