Monday, January 23, 2017

Equatorial Guinea Vice President Supports Military, Inspects Troops in Bata

The Second Vice President of the Republic of Equatorial Guinea and Head of Defense and State Security, Teodoro Nguema Obiang Mangue, conducted an inspection of the country’s military forces in Bata over the weekend, as part of his duty to oversee and guide policy in regards to Equatorial Guinea’s police institutions, as well as defense and military forces, including the country’s ground, air and naval forces.

The inspection by the Vice President checked the level of the troop’s training, in addition to the success of the strategies and exercises designed by the Vice President himself.

The Vice President is a major supporter of the military and has called for increased pay and improved living conditions in order to further develops professionalism and capabilities.

Friday, January 20, 2017

Equatorial Guinea Remains Focal Point for International Cooperation and Business South-South and ACP Cooperation Offices To Open in West African Nation

The Republic of Equatorial Guinea continues to be a focal point for international and African cooperation and business as it prepares to welcome offices for South-South Cooperation and the African, Caribbean, and Pacific (ACP) Group in the country’s capital Malabo.

Equatorial Guinea has hosted these international organizations in the past.

The office is fully equipped for ACP and South-South Cooperation meetings and operations, including a local staff offered by the Government of Equatorial Guinea. The office is set to be the headquarters of the exchange of information and key solutions for the development of the ACP and South-South Cooperation.

The United Nations established South-South Cooperation to promote trade and collaboration between developing countries, mainly African, Asian, and South American countries.

Similarly, the ACP is focused on sustainable development and poverty reduction of its member states, which include 79 countries over three continents.

Equatorial Guinea will be formally confirmed as the location of the headquarters at the next ACP Council of Ministers in May.

Thursday, January 19, 2017

Equatorial Guinea Invests in National Companies as Priority of Horizon 2020 Development Program Goals

The Republic of Equatorial Guinea has invested heavily in national companies in order to achieve the goals set by the country’s Horizon 2020 development program.

The President of the Republic of Equatorial Guinea, HE Obiang Nguema Mbasogo, announced that the Government will financially support national companies and foreign firms who associate with them to further boost private sector economic development.

The President highlighted that “from the private sector, social welfare will reach all social strata.”

Equatorial Guinea is ideally situated for such an investment plan as it has resources such as security, a favorable investment environment, and strong institutions, which are lacking elsewhere in Africa.

Under the Horizon 2020 development program goals, Equatorial Guinea is working on the training and empowerment of the private sector in sectors such as mining, fisheries, tourism, agriculture, telecommunications, health, and financial services.

Further development under Horizon 2020 development program includes extensive urban planning, the development of the city of Luba for the oil industry, the hydroelectric plan on the Wele River, the power plant in Kogo, electrical equipment in Mbini, among others.

Recently, Equatorial Guinea hosted the first symposium on economic diversification at the world-class conference center in Sipopo. Authorities from Equatorial Guinea and delegates from financial institutions such as the International Monetary Fund, the World Bank, the Bank of the Central African States, and the African Development Bank participated in the conference.

Participants discussed plans to eliminate poverty, limit obstacles to private investment, improve the allocation of public spending, incentivize the development of human capital, and stimulate the productive private sector.

In addition, the President has hosted the first Asia-Equatorial Economic Forum in Dalian, China in April 2015. Representatives of more than 140 companies attended the Forum, and $2.5 billion in agreements were signed.

Wednesday, January 18, 2017

Equatorial Guinea Invests in Country’s Electricity Network, Aligned with Horizon 2020 Goals

The Republic of Equatorial Guinea has made significant investments to modernize the country’s electricity network, which is aligned with Equatorial Guinea’s Horizon 2020 goal to turn the country into an emerging state.

The Government signed an agreement with Sinohydro, a leading hydropower engineering and constructing company from the People’s Republic of China, two years ago to refurbish Equatorial Guinea’s electricity network in all cities and provide electricity to all homes.

The second phase of the plan, now complete, included light connection and electricity counters in all homes. The previous electricity conduction network will now be dismantled.

The modernization of Equatorial Guinea’s electricity network facilitates the control of subscribers, reducing the abuse of electric fluid use and minimizing the risk of fires.

Tuesday, January 17, 2017

Equatorial Guinea Attends Africa-France Summit, Calls for Inclusive Development and Job Creation

The President of the Republic of Equatorial Guinea, HE Obiang Nguema Mbasogo, Obiang called for more inclusive economic development and job creation, as well as outlined several challenges and threats posed to the peace of the African continent at the XXVII Africa-France Summit for Partnership, Peace, and Emergency last week.

The role of renewable energies was also highlighted to fast-track development, as well as social and environmental responsibility for development aid, and the importance of the cultural and creative sectors.

The summit was hosted by the President of Mali, HE Ibrahim Boubacar Keita, and the President of the Republic of France, SE Francois Hollande.

The Summit was attended by twenty delegations from African countries and France, as well as international organizations such as the African Union, the European Union, the United Nations, the International Monetary Fund, and the International Organization of la Francophonie.

The Summit included side events such as forums on gender and development, youth, and economics.

The Presidential delegation included the Vice President of the Republic of Equatorial Guinea, Teodoro Nguema Obiang Mangue, the First Deputy Prime Minister, Clemente Engonga Nguema Onguene, the Governor of Bioko Norte, Leon Elo Ondo, the Mayor of Malabo, María Coloma Edjang Mbengono, the Secretary General of the Democratic Party, Jerónimo Osa Osa Ecoro, as well as other deputy minister and secretaries of state.

Friday, January 13, 2017

Equatorial Guinea Permanent Mission to the UN Highlights Need to Reform Security Council

The Republic of Equatorial Guinea’s permanent Mission to the United Nations (UN) in New York highlighted the need to reform the Security Council in regards to equitable geographical rotation.

The Permanent Representative of Equatorial Guinea to the UN, Anatolio Ndong Mba, stressed the importance of reforming the Council to accurately represent African nations according to the needs of the African Union, the Ezulwini Consensus, and the Sirte Declaration.

Ndong Mba highlighted that equitable representation would lend genuine legitimacy of decision making to the Security Council and that the Government of Equatorial Guinea remain committed in their support of the Council, as peace and security are necessary conditions for development.

The Mission also reaffirmed Equatorial Guinea’s commitment to being a non-permanent member of the Security Council and called for support to reach this goal by June of 2017.

The Swedish Foreign Minister and President of the Security Council, Margot Wallstrom, chaired the meeting at the UN.