Success of the Equatorial Guinea-Asia Forum

On 29 and 30 of April, the Government of the Republic of Equatorial Guinea has organized the EQUATORIAL GUINEA – ASIA Economic Forum, with the aim of highlighting the strategic commitment of Equatorial Guinea to investment and economic diversification.

The Heads of State of Equatorial Guinea
and the People’s Republic of China.

The Economic Forum was opened by the President of the Republic, H.E. Obiang Nguema Mbasogo, who thanked the Chinese people and investors for their support to Equatorial Guinea, highlighting the government’s commitment to ensure the protection of their investments.

The first presentation of the Economic Forum was given by Minister of Foreign Affairs and International Cooperation, Agapito Mba Mokuy, who made a historic tour of the different stages that has traversed the country, from colonial times to the present era of industrialization.

Miguel Engonga Obiang Eyang, Minister for Finance and Budget, presented the economic situation of Equatorial Guinea showing the strengths of the banking system and the trends of the main macroeconomic aggregates.

The first session ended with the intervention of Gabriel Mbaga Obiang Lima who presented the investment opportunities in the energy and mining sectors and the Industrialization Plan Equatorial Guinea, PEGI 2020. He noted that “the extraction of hydrocarbons and mining resources is vital to Equatorial Guinea because not only it creates jobs but also these materials are aimed to develop infrastructures and different industries, all essential elements for achieving economic welfare that we all desire.”

The second session of the Forum began with the intervention of the Ministry of Economy, Planning and Public Investment, Eucario Bakale Angue, who presented the Horizon Plan 2020. He gave a description of the challenges that have to face the country to meet the emergency, i.e., institutional strengthening, promoting economic diversification and boost human and social development.

Juan Nko Mbula, Minister of Public Works and Infrastructure widely explained the scope of the infrastructure works executed by the Government.

The last speaker was the Minister of Agriculture and Forestry, Francisco Mba Olo Bahamontes, who developed his speech about investment opportunities in the agricultural and forestry sector in Equatorial Guinea.

Finally, the Economic Forum was closed by H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea, who on behalf of the Republic of Equatorial Guinea, congratulated the organizers and thanked all parties who have made possible the organization of the event, especially the Government of Sub-Province Dalian and to all Chinese company for their participation and support.

Source: Ministry of Mines, Industry and Energy
Equatorial Guinea’s Press and Information Office

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