Thursday, April 4, 2013

Equatorial Guinea Supports Young Entrepreneurs with Loans

On March 30, 2013, Equatorial Guinea’s Second Vice President, Teodoro Nguema Obiang Mangue, pledged to financially support young entrepreneurs through loans with the CCIBANK Bank.

As President of the Youth Foundation of the Democratic Party of Equatorial Guinea, Nguema Obiang Mangue, is working to negotiate the total loan value with the bank. The expected value of the loan is two billion CFA francs. 

Nguema Obiang Mangue expressed his desire to promote solidarity and national development through these loans. He said that the program aligns with the country’s Horizon 2020 plan, which was established in 2007 to stimulate economic growth and development.