Thursday, September 20, 2018

Equatorial Guinea Expands Financial Services

The Republic of Equatorial Guinea expanded the country’s financial services with the inauguration of the 29thNational Bank of Equatorial Guinea (BANGE) by the Director General at the Treasury of the State of Malabo II, Manuel Osa Nsue Nsua.

The newest BANGE branch further extends the network of financial services for all Equatoguineans, which offer financial technology (FinTech) banking, among other products.

The strengthening of financial services is in line with Equatorial Guinea’s Horizon 2020 development program goals. Equatorial Guinea is focused on the training and empowerment of the private sector in mining, fisheries, tourism, agriculture, telecommunications, health, and infrastructure development.

Equatorial Guinea recently issued state bonds through the banks and financial centers of the Economic Monetary Community of Central Africa (CEMAC).