Friday, September 10, 2010

Equatorial Guinea Developing Agricultural Sector

Equatorial Guinea's (Republica de Guinea Ecuatorial) Minister of State for Agriculture and Forestry, Teodoro Nguema Obiang Mangue met with directors of the Ministry's various departments to discuss how to streamline functions and processes as part of modernization efforts to stimulate growth of the country's agricultural sector.

In his remarks, Minister Nguema Obiang gave instructions to create efficiencies throughout all departments of the Ministry of Agriculture and Forestry. This effort is part of Equatorial Guinea's work to promote development of and investment in the agricultural sector.

This move is consistent with the actions of President Obiang, who in a recent official visit to Ghana, met with his counterpart President Mills to discuss cooperation and to seek assistance to develop its agricultural sector and boost private sector investment.

Equatorial Guinea's fertile soil and tropical climate are conducive to high yield agriculture. The country produces a diversity of crops today, including coffee and cacao and other products such as lumber and coconut oil. The country also has extensive coastline and fisheries and untapped mineral resources.

As the backbone of many African economies, agriculture is at the forefront of Equatorial Guinea's efforts to diversify its economy and meet the goals of the government's Horizon 2020 development plan. The country is working to become an emergent and sustainable economy by 2020.

The Executive Board of the Ministry also presented a report of planned activities for the National Day of Independence celebration on October 12.