Tuesday, October 31, 2017

Equatorial Guinea Strengthens Investment Ties with Saudi Arabia

The Republic of Equatorial Guinea strengthened investment ties with the Kingdom of Saudi Arabia this week, as the Minister of Economy, Planning, and Public Investments travelled to the Kingdom to attend the Investment Initiatives Forum for the Future.

The Minister held meetings with high-level officials from the investment community, including the Minister of Energy of Mali, and the Director of the Arab Bank for Economic Development in Africa (BADEA).


Equatorial Guinea enjoys close economic relations with the Kingdom, and hosted the first Equatorial Guinea – Saudi Arabia Economic Forum in Jeddah earlier in the year, as well as the Arab-Africa World Forum last year.

Court Reaches Judgement in the Trial of Equatorial Guinea Vice President

The court in Paris reached judgment in the trial against the Vice President of the Republic of Equatorial Guinea, Teodoro Nguema Obiang Mangue, finding that the charges of three years of imprisonment and payment of $30 million Euros were both annulled and dismissed.

However, the Vice President will have to pay $41,000 Euros to Sherpa NGO, and $10,000 to Transparency International for material and moral damages.

Additionally, French authorities approved the confiscation of the building that houses the offices of the Embassy of Equatorial Guinea in Paris.

The court statement said, “The court considers that, due to all of its motivations, the main penalty must essentially be a warning to both the convicted person and the other members of the social body who may be implicated in the money laundering. Despite the gravity of the facts, a penalty of firm imprisonment does not seem necessary, nor adapted to the context. Nor does it seem justified taking into account the value of the goods subject to confiscation ... It is convenient to pronounce ... a prison sentence of 3 years not enforceable ... and a fine of 30 million euros, without payment. "

The Democratic Party of Equatorial Guinea (PDGE) released a statement, the full text of which can be found below.

The sentence issued by the Paris Prosecutor's Office establishes that the Vice President of Equatorial Guinea will not have to comply with any sentence or pay any fine. The sentence itself is a real defeat for the false NGOs and opponents who have mounted this false trial whose sole purpose was to destabilize the institutions of our Nation.

October 27, 2017

In the morning of today, Friday, October 27, the court in charge of the false judicial process, orchestrated against the Vice President of Equatorial Guinea, Brother Militant Teodoro Nguema Obiang Mangue, has made public his sentence, according to which he is free to serve any sentence, or pay any fine. As a single measure, the judgment establishes the confiscation of a series of assets that, belonging to the Government of Equatorial Guinea, our Executive will continue to claim, taking appropriate measures before the International Court of The Hague. For this reason, the legal team of the Vice President will appeal the ruling for not having resolved the issues inherent in the fundamental cause of the litigation.

The Democratic Party of Equatorial Guinea, despite having previously condemned this trial, cannot but celebrate this sentence as a true triumph. The ruling itself reveals that the entire process has been false, and that in fact the accusation concealed a new political maneuver to destabilize our country, executed by international factual powers, with the help of small groups like CORED, self-defined as "opponents of Equatorial Guinea”, but in reality they do not have legitimacy, nor with real roots in Equatorial Guinea.

By not having established any sentence or economic sanction for the Vice President, the sentence by itself therefore establishes the full and total innocence of Brother Militant Teodoro Nguema Obiang Mangue.

In addition, the process itself of this trial and its sentence, serve to illuminate the real intentions and realities that lie behind:

-The process has been nothing but a political maneuver led by two international organizations (Sherpa and Transparency International France), both financed by powers-that-be as the millionaire George Soros, and orchestrated by the lawyer William Bourdon, who have for years been the purpose of stay with the resources of our country. During the trial, this new plan of concealed coup d'état has been clearly demonstrated with the statements of the witness Simon Mann and with documentation presented by the defense.

-As a false trial, at no time has the accusation been able to prove a single one of the accusations raised. Neither has he been able to present a single direct witness of the facts that formed the accusation.

-The two members of the accusation (Sherpa and Transparency International) have allied themselves in this false process with pathetic groups of the opposition, such as CORED, or the famous coup leader Severo Moto (convicted in Spain for arms trafficking) who have contributed to this pantomime with a single objective (the usual one): enrich yourself at the expense of your compatriots. In fact, CORED had requested a "compensation" millionaire in this trial, which has also been dismissed by the court.

By completely dismissing CORED's demands, the French court has also recorded the total lack of legitimacy of CORED, and the rest of the opponents participating in this farce, to represent the People of Equatorial Guinea. The PDGE thanks this fact to the court, since it supposes a full and resounding failure for these political groups that, like carrion birds, only live to take advantage of any situation, even putting their own compatriots at risk.

Therefore, the Democratic Party of Equatorial Guinea, despite having condemned in advance this false judicial process, can not but consider the final sentence of it as a clear victory, a demonstration of the innocence of the Vice President of our nation, and evidence of the falsity and political pretensions of the accusers. 

With this sentence the French justice decrees, therefore, the innocence of the Militant Brother Teodoro Nguema Obiang Mangue, who in this way recovers his total freedom to travel to France and to continue developing his political and personal activities with total normality.
SIGNED:
Jerónimo Osa Osa Ecoro
SECRETARY GENERAL OF THE DEMOCRATIC PARTY OF EQUATORIAL GUINEA ".





Thursday, October 26, 2017

Equatorial Guinea Strengthens Tourism Sector

The Republic of Equatorial Guinea strengthened its tourism sector with the participation of the Minister of Tourism, Tomás Mecheba Fernández Galilea, at the VI World Forum on Tourism Economy (GTEF) in Macao.

The Forum focused on the construction of improved dialogue and collaboration between nations and regions to further develop the tourism industry.

The Forum was attended by more than 130 delegations, including ministers, leaders of internationally renowned corporations, industry experts, and international academics, among others including the Vice President of the National Tourism Administration of China (CNTA), the Secretary General of the World Tourism Organization (UNWTO), and the Honorary President of the AWG.

The Minister also attended 2017 World Tourism Day in Doha, Qatar, an event which focused on the potential of sustainable tourism as a development tool of the overall industry.

The Day was attended by the Secretary of the World Tourism Organization (UNWTO) and the President of the Qatar Tourism Authority (QTA), among other ministers of tourism, businesspeople, and academics.

Equatorial Guinea has a robust tourism sector and has hosted international conferences, delegations, and sporting events at its world-class facilities. The expansion of tourism opportunities in Equatorial Guinea will further expand the large sector.


Equatorial Guinea was elected to the Executive Board of the World Tourism Organization (UNWTO) earlier this year.