Friday, October 28, 2016

Equatorial Guinea President Discusses Creation of Financial Center in Malabo

The President of the Republic of Equatorial Guinea, Obiang Nguema Mbasogo, discussed the creation of a financial center in Malabo with his Dubai counterparts during his recent Middle East tour.

The President was received by officials from the Dubai government and the International Financial Center.

Obiang welcomed the idea of building the financial center and signaled that both parties will reach an agreement shortly.

Obiang also met with representatives of Global Financial Capital Limited to discuss investment opportunities in Equatorial Guinea.

The Minister of Foreign Affairs and Cooperation, Agapito Mba Mokuy, and Ambassador of Equatorial Guinea to Morocco, Crisantos Obama Ondo, attended the meetings as well.

Thursday, October 27, 2016

Equatorial Guinea Hosts Roundtable on U.S. Investment

The Embassy of the Republic of Equatorial Guinea recently discussed the friendly business climate and many investment opportunities offered by the country at the roundtable on U.S. investment the Embassy hosted.

The Ministers of Economy, Planning and Public Investment, Eucario Bakale Angüe, and Finance and Budget, Miguel Obiang Engonga Eyang, hosted the U.S. Chamber of Commerce, the World Bank and the International Monetary Fund in Washington to discuss the investments.

The opportunities spanned Equatorial Guinea’s various sectors, including agriculture, fisheries, tourism, and finance.

The officials from Equatorial Guinea highlighted the achievements of Government over the last decade, including infrastructure, education, public health, and the strengthening the foundations of good governance.

The event was also attended by the Director for Africa, Leila Ndiaye; Deputy Secretary of the Africa Bureau at the State Department, Peter Barlerin; Dr. Katy Gonder of Drexel University; as well as representatives from US companies interested in investing in Equatorial Guinea including Hess, Baker Hughes, and Arvida Natucal Holdings LLC, among others. 

Both sides reaffirmed their commitment to continue efforts to increase the numbers and presence of US companies in the Republic of Equatorial Guinea.

Tuesday, October 25, 2016

Equatorial Guinea and Abu Dhabi Discuss Investment Opportunities

The Republic of Equatorial Guinea and Abu Dhabi recently discussed the opportunity to form an association of investors from Abu Dhabi who could potentially visit and invest in Equatorial Guinea and the African continent.

Obiang Nguema Mbasogo, Equatorial Guinea’s President, hosted the bilateral meeting, which looked at several investment proposals in various sectors of Equatorial Guinea.

 “Many countries have and have had oil, but have not taken advantage of their resources and today the UAE has shown otherwise,” said the Obiang.

The President also extended an invitation to the upcoming Africa-Arab World Summit, which will be hosted by Equatorial Guinea in November.

The ministers of Foreign Affairs and Cooperation and Civil Aviation, Agapito Mba Mokuy and Fausto Abeso Fuma also attended the meeting, respectively.

Monday, October 24, 2016

Equatorial Guinea to Begin Clinical Trials for New Malaria Vaccine

The Republic of Equatorial Guinea is set to begin clinical trials for Sanaria PfSPZ, a new preventive malaria vaccine.

The clinical trial, which is in progress in other countries in Africa such as Tanzania, Kenya, Mali, and Burkina Faso, as well as Germany and the U.S., is now poised to begin in Equatorial Guinea.

The Government of Equatorial Guinea, in partnership with Marathon Oil, Noble Energy, and Atlantic Methanol Production, three US energy companies, planned the trial.

"We are delighted to have the Ifakara Health Institute, an institute of Tanzania, working with Sanaria and partners in Equatorial Guinea to advance the Phase 3 clinical trials and elimination campaigns of mass vaccine administration,” said Dr. Hassan Mshinda, director general of the Commission of Tanzania on Science and Technology, the African organization that provided funding for the first PfSPZ trial in Africa.

The vaccine, made by Sanaria Inc., recently received fast track approval from the US Food and Drug Administration. This designation facilitates the development of drugs to treat serious conditions, like Malaria, and get the new drugs to the patient in less time.

Friday, October 21, 2016

Equatorial Guinea’s Horizon 2020 Stands Out at Innovation Africa 2016

Equatorial Guinea’s Horizon 2020 development plan was presented at the recent Innovation Africa 2016 ministerial conference in Nairobi, where member countries learned the progress it has made.

Secretary of State, Cesar Augusto Mba, presented the updated made on the Horizon 2020 plan. He highlighted the achievements made by Equatorial Guinea by the Horizon 2020 plan since its adoption in 2008, including advances in healthcare, technology, and infrastructure.

The Secretary, accompanied by several officials from the Ministry of Economy, Planning, and Public Investment, participated in meetings with several large technology firms in attendance.

The world-renowned technology firms who participated in the conference included Microsoft, IBM, Samsung, Huawei, BGH, and Amazon, among others.

Government leaders attended the conference from all over Africa, including Equatorial Guinea, Angola, Rwanda, Uganda, Mozambique, and Lesotho, among others.

The conference brought African leaders together to discuss topics such as the transformation of education, the design of information and communications technology (ICT), the momentum of education and health through ICT, and lessons learned from the implementation of education and digital literacy programs in countries such as Rwanda and Kenya.

The conference, held every five years, is the most important platform to discuss and promote innovation on the African continent.

Thursday, October 20, 2016

Equatorial Guinea Vice President Discusses National Defense and Security

Equatorial Guinea’s Vice President and Head of Defense and State Security, Teodoro Nguema Obiang Mangue, recently discussed national defense and security with several high-level government officials.

The President of the Supreme Court, Juan Carlos Ondo Angue, was the first to meet with the Vice President.

During the meeting, the two discussed collaboration between the Ministry of Defense and National Security with the Department of Justice.

The Prime Minister of Government in charge of Administrative Coordination, Francisco Pascual Obama Asue, also met with the Vice President.

The Vice President was briefed on the recent activities carried out by Administration and encouraged the Prime Minister to continue working for the good of the department’s progress for Equatorial Guinea.