Friday, April 22, 2016

Equatorial Guinea Signs Climate Change Agreement At United Nations

Equatorial Guinea joined more than 165 countries today as they pledged their commitment to climate change and signed a historic climate change agreement at a ceremony hosted by United Nations Secretary-General Ban Ki-moon.

The UN reported that the signing of the agreement is the first step toward ensuring that the agreement enters into force as soon as possible. After signing, countries must take the further national (or domestic) step of accepting or ratifying the agreement.

This ceremony has set a record for the most countries to sign an international agreement on one day.

Equatorial Guinea’s Minister of Foreign Affairs and Cooperation, Agapito Mba Mokuy, on behalf of President Obiang Nguema Mbasogo signed the agreement, which was reached in Paris in December of 2015. Equatorial Guinea’s Ambassador to the United States, Miguel Ntutumu Evuna Andeme also participated in the ceremony.

Wednesday, April 6, 2016

Equatorial Guinea Ministry of Social Affairs signs Gender Equality Agreement with United Nations

Equatorial Guinea’s Ministry of Social Affairs and Gender Equality, led by Consuelo Ondo Nzang, recently signed gender equality agreements with the United Nations aimed at empowering women.

The agreement strengthens the ties between the Equatoguinean Government and the United Nations. Together they will continue to fight for gender equality.

Tuesday, March 1, 2016

Minister of Economy, Planning and Public Investment Gives Keynote Speech at the 19th Annual Wall Street Economic Forum

Equatorial Guinea’s Minister of Economy, Planning and Public Investment Bakale Angue delivered the keynote speech at the 19th Annual Wall Street Economic Forum in New York.

Minister Bakale led a Delegation that also featured H.E. Cesar Augusto Mba Abogo, Secretary of State for the Implementation of Plan Horizon 2020, and Equatorial Guinea’s Ambassador to the USA, H.E. Miguel N. Evuna Andeme.

In his speech, Minister Bakale presented Equatorial Guinea as a country that is ready to become a hub for all type of business in the sub-region.

“Investing in Equatorial Guinea is investing in the whole Central African region; the most secure port of entry for American businesses.”

Having completed the first part of the Horizon 2020 Plan, consisting of the establishment of economic infrastructure across the country, Equatorial Guinea is now ready to diversify its economy, which has been overly dependent on the oil sector for the last 20 years, by attracting American investors.

“We believe that the mutually beneficial experience that Equatorial Guinea has had with the American oil companies operating in the country can be applied to other sectors, from finance, to IT, to Tourism,” said the Minister.

Minister Bakale was personally invited by the Reverend Jesse Jackson and the Rainbow-Push Coalition to lead the panel discussing investment opportunities in Africa.

To learn more about the event, visit the Economic Forum website.

Thursday, February 11, 2016

School Transportation Service Underway in Malabo

Under the leadership and vision of Equatorial Guinea’s President Obiang, details for transportation services for school were underway this past week for service in Malabo.

The Ministry of Education and Science is finishing instruction of the monitors and drivers on the conditions and common rules for transport service at the various stations to collect students for school.

President Obiang inaugurates innovative CNG Plant

Equatorial Guinea’s President Obiang inaugurated the pioneering Compressed Natural Gas (CNG) plant to reduce emissions and improve public transportation availability in Malabo and other cities.

The plant is the latest in a series of groundbreaking infrastructure projects by the President and the Ministry of Mines, Industry, and Energy.

The new plant includes a new bus terminal and a natural gas-powered bus fleet, a cooking gas bottling facility, and improved road infrastructure.

“Equatorial Guinea has plentiful natural gas reserves, and it is our goal to provide access to this domestic resource to our citizens. With the introduction of pioneering compressed natural gas infrastructure, we can now offer clean, cost effective gas-powered public transport to the residents of Malabo and Bata,” said the Minister.

The plant is an integral part of Equatorial Guinea’s Horizon 2020 economic development plan, which will allow the country to develop and export technological expertise, as well as provide CNG to neighbouring countries.

Wednesday, February 10, 2016

President Obiang leads the Peace and Security Council at the 26th Summit of Heads of State and Governments of the African Union

Equatorial Guinea President Obiang led the Peace and Security Council at the 26th Summit of Heads of State and Governments of the African Union this past week. The Peace and Security Council comprises of 15 countries within the Union whose objective is to promote peace, stability, and security in Africa.

“The work of our committee will proceed in two sessions. The first session is public and it will examine issues related to the efforts of the African Union in the fight against terrorism and the situation in South Sudan. The second will be private and only involve the Member States of the Council. We will examine the issue concerning the situation in Burundi,” said President Obiang.

Secretary General of the United Nations Ban Ki-moon was also in attendance at the 10th annual meeting of the Peace and Security Council.

The theme of the Summit was the African Year of Human Rights, specifically focused on the rights of women and their access to positions of responsibility in institutions.

Thursday, January 21, 2016

Hydrocarbons & Industry Forum to Highlight Equatorial Guinea’s Investment Opportunities for India

The Equatorial Guinea – India Hydrocarbons & Industry Forum aims to highlight Equatorial Guinea’s investment environment and strong economic ties between the two countries.

Equatorial Guinea will showcase many attractive investment opportunities to Indian financiers this week. For example, the PEGI 2020, with the four pillars of agriculture, fisheries, tourism and finance, and energy, is part of Equatorial Guinea’s Horizon 2020 development program. Indian companies with experience in any and all of these sectors are openly invited to invest.

The Industrial City of Mbini, an independent economic zone in the mainland region of Rio Muni for international firms, is another opportunity for individuals and firms. The City offers an efficient application process through a single agency; secure investment and legal framework; infrastructure; and access to Equatorial Guinea and Central Africa’s biggest markets.

The Luba Petroleum City, based on Bioko Island, provides a range of services to regional oil and gas operators. The City develops logistics activities throughout the Gulf of Guinea, providing downstream opportunities for many small and medium-sized enterprises.

The REPEGE is the Government’s Petrochemicals Revolution to make the country globally competitive by increasing value from oil and gas production. Investors are welcomed to get involved in this vast sector as well.

The Equatorial Guinea – India Hydrocarbons & Industry Forum will take place in New Delhi on January 22 to promote investment opportunities in the energy, hydrocarbons and industrial sectors of Equatorial Guinea. The Forum is hosted by the Ministry of Mines, Industry and Energy.