Thursday, October 27, 2016

Equatorial Guinea Hosts Roundtable on U.S. Investment

The Embassy of the Republic of Equatorial Guinea recently discussed the friendly business climate and many investment opportunities offered by the country at the roundtable on U.S. investment the Embassy hosted.

The Ministers of Economy, Planning and Public Investment, Eucario Bakale Angüe, and Finance and Budget, Miguel Obiang Engonga Eyang, hosted the U.S. Chamber of Commerce, the World Bank and the International Monetary Fund in Washington to discuss the investments.

The opportunities spanned Equatorial Guinea’s various sectors, including agriculture, fisheries, tourism, and finance.

The officials from Equatorial Guinea highlighted the achievements of Government over the last decade, including infrastructure, education, public health, and the strengthening the foundations of good governance.

The event was also attended by the Director for Africa, Leila Ndiaye; Deputy Secretary of the Africa Bureau at the State Department, Peter Barlerin; Dr. Katy Gonder of Drexel University; as well as representatives from US companies interested in investing in Equatorial Guinea including Hess, Baker Hughes, and Arvida Natucal Holdings LLC, among others. 

Both sides reaffirmed their commitment to continue efforts to increase the numbers and presence of US companies in the Republic of Equatorial Guinea.

Tuesday, October 25, 2016

Equatorial Guinea and Abu Dhabi Discuss Investment Opportunities

The Republic of Equatorial Guinea and Abu Dhabi recently discussed the opportunity to form an association of investors from Abu Dhabi who could potentially visit and invest in Equatorial Guinea and the African continent.

Obiang Nguema Mbasogo, Equatorial Guinea’s President, hosted the bilateral meeting, which looked at several investment proposals in various sectors of Equatorial Guinea.

 “Many countries have and have had oil, but have not taken advantage of their resources and today the UAE has shown otherwise,” said the Obiang.

The President also extended an invitation to the upcoming Africa-Arab World Summit, which will be hosted by Equatorial Guinea in November.

The ministers of Foreign Affairs and Cooperation and Civil Aviation, Agapito Mba Mokuy and Fausto Abeso Fuma also attended the meeting, respectively.

Monday, October 24, 2016

Equatorial Guinea to Begin Clinical Trials for New Malaria Vaccine

The Republic of Equatorial Guinea is set to begin clinical trials for Sanaria PfSPZ, a new preventive malaria vaccine.

The clinical trial, which is in progress in other countries in Africa such as Tanzania, Kenya, Mali, and Burkina Faso, as well as Germany and the U.S., is now poised to begin in Equatorial Guinea.

The Government of Equatorial Guinea, in partnership with Marathon Oil, Noble Energy, and Atlantic Methanol Production, three US energy companies, planned the trial.

"We are delighted to have the Ifakara Health Institute, an institute of Tanzania, working with Sanaria and partners in Equatorial Guinea to advance the Phase 3 clinical trials and elimination campaigns of mass vaccine administration,” said Dr. Hassan Mshinda, director general of the Commission of Tanzania on Science and Technology, the African organization that provided funding for the first PfSPZ trial in Africa.

The vaccine, made by Sanaria Inc., recently received fast track approval from the US Food and Drug Administration. This designation facilitates the development of drugs to treat serious conditions, like Malaria, and get the new drugs to the patient in less time.

Friday, October 21, 2016

Equatorial Guinea’s Horizon 2020 Stands Out at Innovation Africa 2016

Equatorial Guinea’s Horizon 2020 development plan was presented at the recent Innovation Africa 2016 ministerial conference in Nairobi, where member countries learned the progress it has made.

Secretary of State, Cesar Augusto Mba, presented the updated made on the Horizon 2020 plan. He highlighted the achievements made by Equatorial Guinea by the Horizon 2020 plan since its adoption in 2008, including advances in healthcare, technology, and infrastructure.

The Secretary, accompanied by several officials from the Ministry of Economy, Planning, and Public Investment, participated in meetings with several large technology firms in attendance.

The world-renowned technology firms who participated in the conference included Microsoft, IBM, Samsung, Huawei, BGH, and Amazon, among others.

Government leaders attended the conference from all over Africa, including Equatorial Guinea, Angola, Rwanda, Uganda, Mozambique, and Lesotho, among others.

The conference brought African leaders together to discuss topics such as the transformation of education, the design of information and communications technology (ICT), the momentum of education and health through ICT, and lessons learned from the implementation of education and digital literacy programs in countries such as Rwanda and Kenya.

The conference, held every five years, is the most important platform to discuss and promote innovation on the African continent.

Thursday, October 20, 2016

Equatorial Guinea Vice President Discusses National Defense and Security

Equatorial Guinea’s Vice President and Head of Defense and State Security, Teodoro Nguema Obiang Mangue, recently discussed national defense and security with several high-level government officials.

The President of the Supreme Court, Juan Carlos Ondo Angue, was the first to meet with the Vice President.

During the meeting, the two discussed collaboration between the Ministry of Defense and National Security with the Department of Justice.

The Prime Minister of Government in charge of Administrative Coordination, Francisco Pascual Obama Asue, also met with the Vice President.

The Vice President was briefed on the recent activities carried out by Administration and encouraged the Prime Minister to continue working for the good of the department’s progress for Equatorial Guinea.

Thursday, September 29, 2016

Equatorial Guinea raises investment prospects in Asia during oil and gas licensing round

The Republic of Equatorial Guinea raised investment prospects in Asia during a busy week of meetings in the region, a historically integral customer of Equatorial Guinea’s liquefied natural gas (LNG).

The Ministry of Mines and Hydrocarbons delegation met with several energy companies in Singapore to promote its 2016 oil and gas licensing round. The round will strengthen ties with companies in Asia, a region that accounts for more than 90 percent of Equatorial Guinea’s total oil and gas exports.

The Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, highlighted oil and gas opportunities with several companies across the energy value chain, including exploration and production, services and construction, marketing, and trading.

The Ministry delegation last week toured the shipyard of Keppel Offshore and Marine, a company responsible for the construction of the Fortuna floating liquefied natural gas project (FLNG). The Government of Equatorial Guinea is negotiating terms with offtakers of the 2.2 million tons per year that the FLNG is expected to produce.

“Equatorial Guinea has been responding to the tectonic shifts in market conditions with a long-term strategy that makes us competitive at every level of the energy supply chain. We have a well-established production base of offshore oil and gas assets, more exploration underway and big export projects that will continue to sustain the long and proud trade relationship we enjoy with Asia’s economies,” said the Minister.

Economies in Asia are integral to Equatorial Guinea’s LNG development but Europe is expected to emerge as an attractive competitor in the coming years.

Equatorial Guinea produces 3.4 million tons per year of LNG.

Monday, September 26, 2016

Equatorial Guinea Fully Prepared to Host Africa-Arab World Summit

Ambassador to Ethiopia and the African Union highlights sophisticated conference facilities, hotel sector and logistical preparation in meeting with Arab and African leaders.

Equatorial Guinea is moving forward with logistical arrangements for the Africa-Arab World Summit to be held in Equatorial Guinea in November and expects a successful conference, said Simeon Oyono Esono, Ambassador of the Republic of Equatorial Guinea to Ethiopia and the African Union.

Ambassador Oyono Esono briefed African and Arab-state representatives during the Ministerial Meeting of the Africa-Arab World Partnership Committee September 24.

“The Government of Equatorial Guinea has made a strong commitment for the success of the Africa-Arab World Summit by ensuring the effectiveness of management in the logistic field as well as towards the administrative facilities, in accordance with the Headquarters Agreement, whose signature between the parties will take place in the coming weeks,” he said.

He reminded delegates that Equatorial Guinea’s president, Obiang Nguema Mbasogo,
President of the Republic of Equatorial Guinea, is personally committed to the success of the summit and was honored that the African Union had entrusted Equatorial Guinea with host responsibilities.

Ambassador Oyono Esono highlighted the country’s strong infrastructure supporting important international meetings, including the large and sophisticated conference center in Sipopo, which includes villas appropriate for lodging heads of state and their staffs and a large and modern hotel sector that meets all international standards.

He said that local transportation and security had been areas of particular focus in the government’s planning.

“We believe undeniably that this high-level Summit will progress in conditions that will really bring out the characteristic hospitality of the African people and the people of Equatorial Guinea,” he said.

Equatorial Guinea’s Minister of Foreign Affairs and Cooperation, Agapito Mba Mokuy and Permanent Representative of Equatorial Guinea to the United Nations, Anatolio Ndong Mba and all other members of the Equatorial Guinea delegation were also at the meeting.