Thursday, February 11, 2016

School Transportation Service Underway in Malabo

Under the leadership and vision of Equatorial Guinea’s President Obiang, details for transportation services for school were underway this past week for service in Malabo.

The Ministry of Education and Science is finishing instruction of the monitors and drivers on the conditions and common rules for transport service at the various stations to collect students for school.

President Obiang inaugurates innovative CNG Plant

Equatorial Guinea’s President Obiang inaugurated the pioneering Compressed Natural Gas (CNG) plant to reduce emissions and improve public transportation availability in Malabo and other cities.

The plant is the latest in a series of groundbreaking infrastructure projects by the President and the Ministry of Mines, Industry, and Energy.

The new plant includes a new bus terminal and a natural gas-powered bus fleet, a cooking gas bottling facility, and improved road infrastructure.

“Equatorial Guinea has plentiful natural gas reserves, and it is our goal to provide access to this domestic resource to our citizens. With the introduction of pioneering compressed natural gas infrastructure, we can now offer clean, cost effective gas-powered public transport to the residents of Malabo and Bata,” said the Minister.

The plant is an integral part of Equatorial Guinea’s Horizon 2020 economic development plan, which will allow the country to develop and export technological expertise, as well as provide CNG to neighbouring countries.

Wednesday, February 10, 2016

President Obiang leads the Peace and Security Council at the 26th Summit of Heads of State and Governments of the African Union

Equatorial Guinea President Obiang led the Peace and Security Council at the 26th Summit of Heads of State and Governments of the African Union this past week. The Peace and Security Council comprises of 15 countries within the Union whose objective is to promote peace, stability, and security in Africa.

“The work of our committee will proceed in two sessions. The first session is public and it will examine issues related to the efforts of the African Union in the fight against terrorism and the situation in South Sudan. The second will be private and only involve the Member States of the Council. We will examine the issue concerning the situation in Burundi,” said President Obiang.

Secretary General of the United Nations Ban Ki-moon was also in attendance at the 10th annual meeting of the Peace and Security Council.

The theme of the Summit was the African Year of Human Rights, specifically focused on the rights of women and their access to positions of responsibility in institutions.

Thursday, January 21, 2016

Hydrocarbons & Industry Forum to Highlight Equatorial Guinea’s Investment Opportunities for India

The Equatorial Guinea – India Hydrocarbons & Industry Forum aims to highlight Equatorial Guinea’s investment environment and strong economic ties between the two countries.

Equatorial Guinea will showcase many attractive investment opportunities to Indian financiers this week. For example, the PEGI 2020, with the four pillars of agriculture, fisheries, tourism and finance, and energy, is part of Equatorial Guinea’s Horizon 2020 development program. Indian companies with experience in any and all of these sectors are openly invited to invest.

The Industrial City of Mbini, an independent economic zone in the mainland region of Rio Muni for international firms, is another opportunity for individuals and firms. The City offers an efficient application process through a single agency; secure investment and legal framework; infrastructure; and access to Equatorial Guinea and Central Africa’s biggest markets.

The Luba Petroleum City, based on Bioko Island, provides a range of services to regional oil and gas operators. The City develops logistics activities throughout the Gulf of Guinea, providing downstream opportunities for many small and medium-sized enterprises.

The REPEGE is the Government’s Petrochemicals Revolution to make the country globally competitive by increasing value from oil and gas production. Investors are welcomed to get involved in this vast sector as well.

The Equatorial Guinea – India Hydrocarbons & Industry Forum will take place in New Delhi on January 22 to promote investment opportunities in the energy, hydrocarbons and industrial sectors of Equatorial Guinea. The Forum is hosted by the Ministry of Mines, Industry and Energy.

Tuesday, January 12, 2016

Equatorial Guinea To Promote Investment with Hydrocarbons & Industry Forum In India

Equatorial Guinea’s Ministry of Mines, Industry and Energy will host the Equatorial Guinea-India Hydrocarbons & Industry Forum, an investment forum in New Delhi, India on January 22 to promote its energy, hydrocarbons and industrial sectors.

The Ministry will outline its regulatory framework for the top investment opportunities in the country’s oil, gas and industrial sectors.

Some of the investment opportunities that will be highlighted include offshore hydrocarbon exploration, mining, petrochemicals, the Industrial City of Mbini and the Bioko Oil Terminal.

The forum will include presentations from top Equatorial Guinea officials and H. E. Gabriel Mgaba Obiang Lima, Minister of Mines, Industry & Energy.

“India is a valued trade partner of Equatorial Guinea,” said Minister Obiang Lima. “With several projects under development, we are eager to extend multiple investment opportunities to Indian enterprises and enhance our energy cooperation.”

The Forum will coincide with the India-Africa Hydrocarbons Conference in New Delhi from January 20-22.

Thursday, December 3, 2015

President Obiang Focuses on Emission Cuts and International Cooperation at COP21

Outlines Equatorial Guinea’s carbon dioxide reduction plan and calls for increased cuts from the most developed nations

Equatorial Guinean President Obiang Nguema Mbasogo spoke at the 21st United Nations Climate Change Conference (COP21) in Paris this week about the country’s pledged emissions cuts and the need for global cooperation to protect the environment.

Equatorial Guinea will reduce carbon dioxide emissions by 20 percent in 2030 and 50 percent in 2050. To achieve this, Obiang called for global economic and technical assistance.

Obiang highlighted that five nations are responsible for over 55 percent of emissions and called for these industrialized nations to become accountable and reduce their emissions even further.

He recognized that the climate situation involves the global community as a whole and it is in the best interest of everyone to come to a firm agreement to safeguard humanity.

Obiang’s speech was made in front of the over 150 world leaders who attended the conference in addition to United Nations Secretary General, Ban Ki-moon and leading climate authorities.

In addition to his speech, Obiang held bilateral meetings with his international counterparts and other high-level meetings.

Equatorial Guinea is located in the Congo River Basin, home to some of the largest undisturbed tropical rainforests in the world, and has seen first-hand the effects of climate change.

The goal of COP21 is to come to an International Agreement for post-2020 to reduce the emissions of harmful gasses into the atmosphere in an attempt to curb the recent global temperature fluctuations.

Wednesday, November 18, 2015

The Democratic Party of Equatorial Guinea Focuses on Horizon 2020 Development Plan

President Obiang and First Lady Receive International Awards for Economic Diversification and Female Empowerment

The Democratic Party of Equatorial Guinea focused its attention on the economic future of the country and its citizens and the steps taken toward achieving the goals lined on the Horizon 2020 program at the closing of the third National Congress of the party held in Bata this past week .

In recognition of the great strides Equatorial Guinea has made over the years, President Obiang and the First Lady received awards from the Inter-African Committee on Traditional Practices. The President received the Award for Political Excellence and High Level Leadership in Africa and the First Lady received the Award for Social Action and Female Leadership in Africa. Their work in in the African Union, most notably for calling for economic diversification and in the fight for women’s’ rights, was highlighted.

The closing discussions of the National Congress focused on the sustainable development of Equatorial Guinea with Government’s adherence to the Horizon 2020 plan.

The evolution of industry in Equatorial Guinea away from dependence on oil with increased focus on small and medium-sized enterprises was stressed for the health and future of the nation.

In recent years, the Government has directed efforts toward diversifying economic sectors such as agriculture, tourism, fishing and financial services. Government highlighted increased focus on the growth of private industry, development of new technologies and support for women and children.

The Government’s report on the Millennium Development Goals highlighted a reduction of the population living in poverty by over 50 per cent, the result of projects like improved housing, transportation and health services. Continued work for those most at risk included youth education, social protections and general well-being.

Significantly increased investment in infrastructure has made the country a leader in transportation within Africa.

In closing the weeks’ activities, the President emphasised the importance of adhering to universal democratic principles and recognized each and every Equatorial Guinean for the country’s success over the last three decades.