Tuesday, Oct 17, 2017
EQUATORIAL GUINEA NEWS

Energy

Power to the people: Lighting the way to progress


Since the mid-1990s, external finance to Africa’s power sector has averaged only around $600 million per year of public assistance, plus a similar volume of private finance

Energy plays a major role in transforming the economy. In recent years many African countries have faced energy crises, yet are increasingly able to deal... Apr 09, 2016

Energy | Africa | Equatorial Guinea | Senegal


Opportunities in Equatorial Guinea

Holding 2020 partners private sector to unlock ground-floor opportunities




Private sector know-how and public-private collaborations will add value to the country’s raw materials and benefit the nation on both social and... Jun 08, 2015

Mining | Africa | Equatorial Guinea


Investment ties in Equatorial Guinea

Business with America enhanced for the long-term


President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo with the Obamas in 2014 (credit: Amanda Lucidon)

The West African nation is making it easier and more secure for international investors to help diversify its economy Jun 04, 2015

Industry & Trade | Africa | Equatorial Guinea


Business opportunities in Equatorial Guinea

Billion-dollar backing for new partnerships




The government has highlighted five key sectors packed with business opportunities and set up a $1 billion co-investment fund for ventures that will bring... Jun 03, 2015

Industry & Trade | Government | Africa | Equatorial Guinea


Energy opportunities in Equatorial Guinea

Greater energy mix sparks new enterprises




A new logistics supply center for electrical materials and a floating electrical power plant feature among the new enterprises getting involved in a changing... May 29, 2015

Energy | Africa | Equatorial Guinea


U.S. investment in Equatorial Guinea

The best choice for producing offshore in West Africa




Political stability, the absence of terrorism, enormous reserves, and a flexible and pro-American government have made Equatorial Guinea a go-to country... May 27, 2015

Energy | Africa | Equatorial Guinea


Infrastructure in Equatorial Guinea

Developed infrastructure and regional links lead to 300 million consumers




Good relations and investments in infrastructure have created an ideal route into Central and West African markets May 22, 2015

Infrastructure | Africa | Equatorial Guinea


Equatorial Guinea's road system

Locals have a hand in region’s best roads




Equatoguinean talent makes up 90% of employees at Sogea Satom, which for almost 20 years has been helping asphalt 80% of the country’s roads May 21, 2015

Infrastructure | Africa | Equatorial Guinea


Investing in Equatorial Guinea

“There are real benefits for investors who come here”


Mrs. Mariola Bindang Obiang, Holding 2020 General Director

The government has created a raft of tax and training incentives that present great advantages to investors May 19, 2015

Industry & Trade | Africa | Equatorial Guinea


Oil opportunities in Equatorial Guinea

New investments in petroleum sector highlight potential for development




The country’s traditional engine of the economy holds opportunities for expansion beyond extraction and production, and its appeal is not lost on... May 13, 2015

Energy | Africa | Equatorial Guinea


The President calls on all political groups to participate in nationwide dialogue




The roundtable is expected to revitalise political dialogue and to represent a broad, inclusive process which opens the door to participation in the democratic... Jan 04, 2015

Government | Africa | Equatorial Guinea


Getting started: Foreign investment in Equatorial Guinea


SONAGAS, Malabo, EG

Embassies on both sides of the Atlantic are on hand to guide potential investors into win-win partnerships. Jan 02, 2015

Government | Africa | Equatorial Guinea


‘GEpetrol's mandate is to be involved in the economic fabric of the country’

Antonio Oburu Ondo
General Manager of GEpetrol

GEpetrol was established as the National Oil Company of the Republic of Equatorial Guinea... Feb 21, 2017


CCEI BANK: Reinventing the financial system of Equatorial Guinea

Alberto Doria Lajay
General Manager of CCEI Bank

CCEI Bank is a strong financial institution that keeps betting on Equatorial Guinea in order... Jan 31, 2017


Public-private projects bring out the best in EG’s resources

Gabriel Mbaga Obiang Lima
Minister for Mines and Hydrocarbons

Equatorial Guinea’s Minister for Mines and Hydrocarbons Gabriel Mbaga Obiang Lima... Jan 30, 2017


Private companies tap into potential future hub for gas transformation

Juan Antonio Ndong Ondo
CEO of Sonagas

Juan Antonio Ndong Ondo, CEO of the Sociedad Nacional del Gas de la República de... Jan 11, 2017


Progress reshaping Equatorial Guinea

Martin Crisantos Ebe Mba
Chairman of BANGE

Senator and Chairman of the National Bank of Equatorial Guinea Martin Crisantos Ebe Mba... Nov 15, 2016


Investors stand to gain a great deal in EG

Francisco Shaw Thompson
General Manager of the Franmar Group

Francisco Shaw Thompson, head of one of the top companies providing logistics services in... Aug 08, 2016


Major brand backs EG’s hospitality potential

Hendrick Calles
Managing Director of Hilton Malabo

From tourists to business travelers to filmmakers, Equatorial Guinea’s appeal as a... Jul 20, 2016


Spain’s gateway to Africa targets investment

Miguel Engonga Obiang Eyang
Minister of Finance and Budget

Equatorial Guinea is facing a lot of challenges, particularly with the drop in global oil... Jul 19, 2016


Upgraded port infrastructure to boost industrialization and diversification

Alberto Ndong Obiang Lima
Managing Director at port administrator APGE

EG’s ports reflect the country’s modern infrastructure and are key to attracting... Jun 30, 2015


A partner in development with powerful reasons to invest in EG

Dadou Kapandji Gwamba
Director of Administration and Management at Gemacor International Inc.

Gemacor International Inc. has been helping Equatorial Guinea to fulfill its vision of “electricity... Jun 15, 2015


Tourism potential in Equatorial Guinea

Josué E. Edu
Magno Suites Hotel Equatorial Guinea

Mango Suites is an exclusive Boutique Hotel located in the quiet residential neighborhood... Jun 09, 2015


The gateway to Africa

H.E. Agapito Mba Mokuy
Minister of Foreign Affairs and Cooperation

H. E. Minister Agapito Mba Mokuy speaks about where the country comes from, where it is... May 27, 2015


The US could have a fundamental role in Equatorial Guinea’s mining industry

H.E. Mr. Santiago Mba Eneme Nsuga
Mining Secretary

Equatorial Guinea is finishing its surveys and about to start its mining industry. There... May 25, 2015


The launch of the industrial sector and economic diversification in Equatorial Guinea

Mr. Miguel Engonga Obiang Eyang
Minister of Finance and Budgets

The newly appointed Minister for Finance and Budgets talks about the strength of Equatorial... May 20, 2015


150 years of experience make of CFAO the largest automobile network in Africa and the partner of choice for leading brands

Mr. Alfa Alim
General Director of CFAO Motors

CFAO Motors Equatorial Guinea arrived before the country’s economic boom and will... May 20, 2015


IT to boost development

Mr. Oscar Ondo Ngomo Nchama
Deputy Director General of GITGE

GITGE, EG’s state-owned IT infrastructure manager is working towards reducing the... May 14, 2015


Société Générale, a bank committed to Africa

Mr. José C. García Rebollar
Director General of SGBGE

SGBGE has been accompanying Equatorial Guinea’s growth for decades and plans to continue... May 13, 2015


The key to economic diversification

Mrs. Mariola Bindang Obiang
General Director of Holding Guinea Ecuatorial

The Holding Guinea Ecuatorial 2020 has been established by the government to achieve economic... May 12, 2015


Equatorial Guinea’s newly prepared youth starts to take over

Mr. Faustino Nsang Anvene Madja
General Director of the Diplomatic Information and Press Office, Ministry of Foreign Affairs

Mr. Faustino Nsang Anvene Madja elaborates on the key role of the youth in Equatorial Guinea,... May 08, 2015


A local wood logging and processing company supplying the domestic and international markets

Mr. Ricardo Hanna
Managing Director of Rio Muni Timberland, Equatorial Guinea

Rio Muni Timberland’s Managing Director tells us about the origins of the company... Apr 27, 2015


Equatorial Guinea’s green heart

Mr. Ramón Mituy Abaga Nkene
Director General, Ministry of Agriculture and Forestry, Equatorial Guinea

Mr. Ramon Mituy Abaga Nkene speaks about Guinea’s forests and the two segments it... Apr 24, 2015



DIPLOMATIC REPRESENTATION IN THE U.S.:

Ambassador Purificacion Angue Ondoion



CAPITAL:

Malabo



POPULATION:

685,991 update paises set descripcion = July 2012 est.)



AREA:

28,051 sq km



GDP per capita update paises set descripcion = purchasing power parity):

$19,600 update paises set descripcion = 2011 est.)



GDP composition by seector:

Agriculture 3.6%

Industry 89.7%

Services 4.3% update paises set descripcion = 2011 est.)

l GDP real growth rate

7.1% update paises set descripcion = 2011 est.)

 

INDUSTRIES:

Petroleum, natural gas and sawmilling



AGRICULTURE:

Coffee, cocoa, rice, yams, cassava update paises set descripcion = manioc; bananas, palm oil nuts; livestock; and timber



NATURAL RESOURCES:

Petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, and clay



BUDGET SURPLUS:

1.7% of GDP update paises set descripcion = 2011 est.)






COUNTRY REPORTS




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