Tuesday, February 5, 2013

South African Companies Explore Business Opportunities in Equatorial Guinea


Delegation promotes bilateral trade and investment

South Africa’s Vice Minister of Commerce and Industry, Elizabeth Thabethe, brought a South African delegation to Equatorial Guinea this week to explore business opportunities and enhance bilateral relations.

There are a total of 13 representatives from various South African companies participating in the delegation. The group arrived Monday, February 4, 2013 and will be leaving Friday, February 8, 2013.

“This mission will be taking place within the context of South Africa’s strategic engagement with the rest of the continent, aimed at supporting Africa’s economic revival, socioeconomic development and promoting intra-Africa trade,” Thabethe said.

Over the course of the week, the delegates will meet with Equatorial Guinean business representatives and participate in a trade and investment seminar. According to an article in The New Age the program will specifically focus on sectors such as agro-processing, infrastructure, electro-technical and capital and mining equipment.

President Obiang has recently been working to enhance cooperation between African countries in a variety of sectors. In 2011, President Obiang Nguema Mbasogo visited South Africa to improve trade and investment relations. The exchange reflects growing cooperation between African countries, specifically Equatorial Guinea and South Africa.