Friday, November 22, 2013

China to Increase Cooperation in Equatorial Guinea

China to donate 3.8 billion CFA Francs toward projects in Equatorial Guinea

After meeting with Equatorial Guinea’s Second Vice President for Defense and State Security, Teodoro Nguema Obiang Mangue, Chinese Vice President Li Yuanchao announced China will donate 3.8 billion CFA Francs to fund cooperation and security projects in Equatorial Guinea.

During Vice President Nguema Obiang Mangue’s visit, he officially opened an Honorary Consulate in Hong Kong as part of the country’s efforts to attract foreign investment.

As head of defense and state security, Vice President Nguema Obiang Mangue exercises oversight and policy guidance over the nation’s defense and military forces, police institutions, and immigration. While in China, he met with companies in the security and construction sectors.

Vice President Nguema Obiang Mangue shared with local news media information about his successful meetings with the Chinese government, saying he was pleased with China’s economic contribution and support, and described the relations between the two states as exemplary.

Vice President Yuanchao told Vice President Nguema Obiang Mangue that his country wished to continue offering courses, workshops and study tours to Equatorial Guinea’s public servants. They also discussed strengthening mutually beneficial cooperation projects in such sectors as infrastructure, oil industry, healthcare, education, shipping, agriculture, livestock, fisheries, human resources, among others.