Friday, January 17, 2014

Equatorial Guinea To Host Symposium On Economic Diversification

Symposium will give international investors a closer look at the country’s investment opportunities

Business and investment groups from around the world will come together from February 3-4, in Malabo, the capital of Equatorial Guinea, for the inaugural Symposium for Economic Diversification for the Emergence of Equatorial Guinea.

The objective of the symposium is to provide attendees a deeper look at Equatorial Guinea’s investment opportunities, mainly in the agriculture and ranching, fishing, petrochemicals and mining, tourism and financial services sectors.

Since the 1990s, the country has been utilizing oil revenues to finance major projects around the country, such as in the infrastructure, education and health sectors. The government continues to work toward ensuring that the public and private sector grow and provide jobs for Equatoguineans. This symposium aims to show international investors many of the opportunities offered by the government’s economic diversification and industrialization plans.

During the symposium’s launch ceremony, Marcelino Owono Edu, Minister of Finance and Budgets and event leader, said that the meeting will be of great importance because it will set the course of economic and social development for the country.

The symposium will review the Horizon 2020 development plan as well as provide information about the obstacles that investors may find and the resources that will be needed to create a more attractive business climate. It will give international investors the opportunity to directly interact with the representatives of the economic sector.