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.

Thursday, January 12, 2017

Equatorial Guinea Continues Economic Progress, Reaches Horizon 2020 Goals

The Republic of Equatorial Guinea has continued economic progress toward becoming an emerging market country and reached several of the country’s Horizon 2020 goals.

The commitment to make Equatorial Guinea an emerging market country is one of the top priorities of the President of the Republic of Equatorial Guinea, HE Obiang Nguema Mbasogo, and is outlined in the country’s Horizon 2020 plan.

Horizon 2020 is establishing the structure for a national economic system to compete on the international stage, and several of the goals outlined by the Plan have already been reached.

Accomplishments include the construction of social housing in key provinces and the creation of new urban districts, all despite the decline in the price of oil, the country’s main source of revenue.

The Plan has also increased funding for new transportation infrastructure, the corresponding electricity connectivity, and the construction and refurbishment of secondary schools in all municipalities.

Equatorial Guinea has the highest literacy rate in Central Africa at 78.5 percent.

Wednesday, January 11, 2017

Equatorial Guinea Committed to African Union in Run for Presidency

The Republic of Equatorial Guinea is committed to the African Union as the country’s Minister of Foreign Affairs and External Cooperation, Agapito Mba Mokuy, runs for the Presidency of the African Union Commission.

Minister Mba Mokuy has highlighted his platform goals are to develop programs to provide more opportunities for young people through Africa and reduce emigration.

“Youth is one of the priorities of the Equatorial Guinea candidacy,” said Minister Mba Mokuy. “I believe that the African Union Commission should support the Heads of State with the adoption of programs that allow the creation of more employment on the African continent. We have this capacity; we have to strengthen it. Many of our young people leave because they cannot find jobs. For that reason, priority must be given to youth directly or indirectly, to deal with these issues, and the question of youth and the question of employment.”

Minister Mba Mokuy also stressed the intellectual empowerment of young people in order to best use their resources, as well as the importance of Pan-Africanism.

"In order for this dream to become a reality, the African countries have to take steps to ensure there is order, stability and security. President Obiang Nguema Mbasogo said that we need to call on Africa to show seriousness, dignity, respect and solidarity,” said Minister Mba Mokuy.

Equatorial Guinea has contributed the African Union in the past, including hosting the 25th Ordinary Session of the Executive Council of the African Union in Malabo in 2014, which Minister Mba Mokuy led and two African Union Summits.

More recently, the President of the Republic of Equatorial Guinea hosted the Peace and Security Council at the 26th Summit of Heads of State and Governments of the African Union in 2016.

Four other candidates are running for the Presidency, including Botswana Foreign Affairs Minister Dr. Pelonomi Venson-Moitoi; Dr. Moussa Faki Mahamat of Chad; Dr. Amina Mohammed of Kenya; and Dr. Abdoulaye Bathily of Senegal.

The appointment of new leadership will take place at the upcoming 28th Ordinary Assembly of the African Union Heads of State and Government on 30 January in Addis Ababa.

Friday, December 23, 2016

Equatorial Guinea Begins New Youth Vaccination Campaign Against Polio

The Republic of Equatorial Guinea has begun a new vaccination campaign in health centers and hospitals in Malabo to eradicate Poliomyelitis in children under five.

The Ministry of Health and Social Welfare coordinated the administration of vaccinations and initiated the broad awareness campaign for mothers to take their young children to receive the medical attention.

The campaign will take place over the coming week, collaboration with health and education centers across Malabo to safeguard Equatorial Guinea against Poliomyelitis.