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.

Tuesday, January 12, 2016

Equatorial Guinea To Promote Investment with Hydrocarbons & Industry Forum In India

Equatorial Guinea’s Ministry of Mines, Industry and Energy will host the Equatorial Guinea-India Hydrocarbons & Industry Forum, an investment forum in New Delhi, India on January 22 to promote its energy, hydrocarbons and industrial sectors.

The Ministry will outline its regulatory framework for the top investment opportunities in the country’s oil, gas and industrial sectors.

Some of the investment opportunities that will be highlighted include offshore hydrocarbon exploration, mining, petrochemicals, the Industrial City of Mbini and the Bioko Oil Terminal.

The forum will include presentations from top Equatorial Guinea officials and H. E. Gabriel Mgaba Obiang Lima, Minister of Mines, Industry & Energy.

“India is a valued trade partner of Equatorial Guinea,” said Minister Obiang Lima. “With several projects under development, we are eager to extend multiple investment opportunities to Indian enterprises and enhance our energy cooperation.”

The Forum will coincide with the India-Africa Hydrocarbons Conference in New Delhi from January 20-22.

Thursday, December 3, 2015

President Obiang Focuses on Emission Cuts and International Cooperation at COP21

Outlines Equatorial Guinea’s carbon dioxide reduction plan and calls for increased cuts from the most developed nations

Equatorial Guinean President Obiang Nguema Mbasogo spoke at the 21st United Nations Climate Change Conference (COP21) in Paris this week about the country’s pledged emissions cuts and the need for global cooperation to protect the environment.

Equatorial Guinea will reduce carbon dioxide emissions by 20 percent in 2030 and 50 percent in 2050. To achieve this, Obiang called for global economic and technical assistance.

Obiang highlighted that five nations are responsible for over 55 percent of emissions and called for these industrialized nations to become accountable and reduce their emissions even further.

He recognized that the climate situation involves the global community as a whole and it is in the best interest of everyone to come to a firm agreement to safeguard humanity.

Obiang’s speech was made in front of the over 150 world leaders who attended the conference in addition to United Nations Secretary General, Ban Ki-moon and leading climate authorities.

In addition to his speech, Obiang held bilateral meetings with his international counterparts and other high-level meetings.

Equatorial Guinea is located in the Congo River Basin, home to some of the largest undisturbed tropical rainforests in the world, and has seen first-hand the effects of climate change.

The goal of COP21 is to come to an International Agreement for post-2020 to reduce the emissions of harmful gasses into the atmosphere in an attempt to curb the recent global temperature fluctuations.

Wednesday, November 18, 2015

The Democratic Party of Equatorial Guinea Focuses on Horizon 2020 Development Plan

President Obiang and First Lady Receive International Awards for Economic Diversification and Female Empowerment

The Democratic Party of Equatorial Guinea focused its attention on the economic future of the country and its citizens and the steps taken toward achieving the goals lined on the Horizon 2020 program at the closing of the third National Congress of the party held in Bata this past week .

In recognition of the great strides Equatorial Guinea has made over the years, President Obiang and the First Lady received awards from the Inter-African Committee on Traditional Practices. The President received the Award for Political Excellence and High Level Leadership in Africa and the First Lady received the Award for Social Action and Female Leadership in Africa. Their work in in the African Union, most notably for calling for economic diversification and in the fight for women’s’ rights, was highlighted.

The closing discussions of the National Congress focused on the sustainable development of Equatorial Guinea with Government’s adherence to the Horizon 2020 plan.

The evolution of industry in Equatorial Guinea away from dependence on oil with increased focus on small and medium-sized enterprises was stressed for the health and future of the nation.

In recent years, the Government has directed efforts toward diversifying economic sectors such as agriculture, tourism, fishing and financial services. Government highlighted increased focus on the growth of private industry, development of new technologies and support for women and children.

The Government’s report on the Millennium Development Goals highlighted a reduction of the population living in poverty by over 50 per cent, the result of projects like improved housing, transportation and health services. Continued work for those most at risk included youth education, social protections and general well-being.

Significantly increased investment in infrastructure has made the country a leader in transportation within Africa.

In closing the weeks’ activities, the President emphasised the importance of adhering to universal democratic principles and recognized each and every Equatorial Guinean for the country’s success over the last three decades.

Tuesday, November 17, 2015

President Obiang Focuses On The Future Of Equatorial Guinea

Calls for organizational structure to be put in place for the Democratic Party of Equatorial Guinea’s survival when he is no longer leading the country

Equatorial Guinean President Obiang Nguema Mbasogo spoke at the third National Congress of the Democratic Party of Equatorial Guinea (PDGE) in Bata this week about the end of his presidency, the direction the party should take moving forward and the success of its leadership so far.

Obiang said he recognized that his time in office is not absolute and that, when the day comes when he can no longer serve the people of Equatorial Guinea, the nationi must be are ready with an appropriate structure so that the ideals and PDGE does not disintegrate.

The party decided at the last Congress that Obiang would be its candidate in the upcoming 2016 elections.

Obiang also used the address to focus on the great strides the country has made since the last Congress and under the leadership of the PDGE. Acknowledging the country’s turbulent history, Obiang praised the PDGE for its commitment to freedom – of the press, of movement within the country, the national political dialogue, of women.

Obiang also highlighted some of the major accomplishments in the last few years under the leadership of the PDGE in infrastructure; investment in education, with the construction of two universities for the first time in the country’s history; housing renovations; the construction of social housing; and new water and light systems.

“One cannot make policy without developing the economy, which guarantees the peace and stability of a nation,” said Obiang.

Obiang finished his address by emphasizing that a healthy PDGE is critical to ensuring the future of Equatorial Guinea.

Friday, November 13, 2015

The Democratic Party Of Equatorial Guinea Discusses The Country's Current Democratic State and Outlines Goals For The Future

Congress Meets in Bata This Week

The third National Congress of the Democratic Party of Equatorial Guinea (PDGE) convened in Bata this week to review the political, economic and socio-cultural progress of the country. 

The week’s activities included updates from all ministries, including progress by the Executive and a series of in-depth discussions on the on-going work of Horizon 2020, the nation’s ten-year development plan. They also reviewed development on the greater African continent and held an open dialogue on the democratic process in the country.

The discussions stimulated spirited debate over the most pressing issues facing the country, namely judicial integrity, delinquency and employment. Citing the behavior of a select few corrupt judges, the members called for the reinforcement of judicial integrity based on the fundamental principle of honesty. 

To combat the threat of youth delinquency, the group proposed increased involvement by parents and teachers and the establishment of more green zones, where children can play and participate in sports tournaments. The party also looked at ways to combat the already low level of unemployment in the country, including the establishment of a human resources office and a restructuring of the standard workweek.

The Congress was an inclusive affair that featured speakers from all democratic parties in Equatorial Guinea such as the Popular Union (UP), the Liberal Democrat Convention (CLD), the Social Democrat Party (PSD), the Progressive Democratic Alliance (ADP), the Democratic Social Union (UDS), the Democratic and Popular Social Convergence (CSDP); the Socialist Party of Equatorial Guinea (PSGE) and the Liberal Party (PL). The speakers were received enthusiastically, and their inclusion was praised as a sign of a healthy democracy.

The Congress, which adjourns at the end of the week, marks another important milestone in the democratic history of Equatorial Guinea.

Friday, October 16, 2015

UNESCO-Equatorial Guinea Prize Awarded To Two Professors and One Doctor For Work In Life Sciences, Heart Disease and Disease Control

Award ceremony will bring scientists together to address the most pressing health issues affecting Africa.

The 2015 International UNESCO-Equatorial Guinea Prize for Research in Life Sciences has been awarded to two professors and one doctor in recognition of their efforts to improve the quality of human life.

The Prize recipients are Professor Manoel Barral-Netto, from Brazil, the Chief of Investigation and Director of the Goncalo Moniz Research Centre in Bahia, who has dedicated the majority of his career studying leishmaniasis and malaria as well as the development of control tools for transmittable diseases in neglected, low-income communities; Professor Balram Bhargava, from India, a specialist in cardiology at the All India Institute of Medical Science whose work focuses on biomedical innovation, public health and medical education. His work has contributed to the development of innovative, efficient and affordable tools for managing cardiovascular diseases; and the Doctor Amadou Alpha Sall, from Senegal, who is the Chief of the Centre for Collaboration by the World Health Organization for Antivirus, Virus, and Haemorrhaging Fevers in Dakar. Sall has focused primarily on fighting the viral diseases of Ebola and Dengue fever and has been at the forefront of the development and distribution of diagnostic control tools against these diseases.

The UNESCO-Equatorial Guinea Prize will be awarded to the three winners at a ceremony in Paris, France on November 14.

The Prize was created by an initiative from President Obiang Nguema Mbasogo and recognises the work and effort by research organizations and scientists in the development realm on real-world problems. This is the third year the prize has been awarded.