Equatorial Guinea: Investment Initiative Momentum to Continue into 2020

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In light of the success of the Year of Energy 2019, an initiative of the Republic of Equatorial Guinea which is seeing the arrangement of several high-level investment conferences and roadshows in Malabo and internationally, the country will be continuing its outreach to global investors with the Year of Investment 2020.

Supported by the African Energy Chamber, the Year of Investment 2020 is an initiative of the Ministry of Mines and Hydrocarbons to pursue Equatorial Guinea’s agenda of energy cooperation and investment, and see the signing of several landmark energy deals for Equatorial Guinea in 2020.

Both parties have agreed to work together on the rolling out of this new initiative throughout the signing of a Memorandum of Understanding on the sidelines of the Oil & Gas Meeting Day in Malabo this week.

“Equatorial Guinea not only offers numerous investment opportunities in oil, natural gas and minerals, but its leadership understands the need to be pro-active in promoting investment and reaching out to global energy stakeholders,” declared Jude Kearney, former deputy assistant secretary for service industries and finance at the US Department of Commerce during the Clinton Administration and currently President of Kearney Africa Advisors.

“The signing of this agreement with the Ministry of Mines and Hydrocarbons demonstrates the long history of cooperation between the Chamber and the ministry and our belief that Equatorial Guinea remains one of Africa’s most competitive energy frontiers.”

Related: Equatorial Guinea is poised to become the West Africa LNG hub.

“We are going to work with our traditional partners in Africa, Europe, the US and Asia to do deals that meet our country’s pro-growth agenda. Our market driven policies and enabling environment works better with investment into our country” said Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons.

Obiang Lima  added: “Our goal with the Year of Investment 2020 is to work in attracting investment that will diversify our economy, boost entrepreneurship, generate profit for investors and create jobs for our citizens”

Through their cooperation, the MMH and the Chamber will be programming and organising several deal making events and roadshows throughout 2020 to showcase the best investment opportunities that Equatorial Guinea has to offer.

Author: Babalwa Bungane

This article was originally published on ESI Africa and is republished with permission with minor editorial changes.



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