In a review held at the Africa Investment Forum 2018, the African Development Bank unveiled a new pipeline of over US $5 billion in private sector and public-private partnership projects for Lusophone countries on the continent.
Equatorial Guinea Tender and Business News
According to consulting group PwC's just-released annual Africa Oil & Gas Review, the outlook for the continent's oil and gas industry is favorable over the near term. The reason is the industry has been aggressively cost-cutting as price pressures grew tighter.
State-owned Zambia Airlines was shut down after liquidation in 1994. It is on track to launch yet again thanks to a new shareholding agreement just signed with Ethiopian Airlines.
On August 13, a new continent-wide news agency, ADV, was announced by the African Daily Voice Group.
TerraPay, a mobile payments platform headquartered in the Netherlands, and GIMAC, the regional electronic money transfer platform of Central Africa, have signed a strategic partnership agreement that will allow instant cross-border money transfer to bank accounts and mobile wallets in Africa's CEMAC region.
All petroleum operators doing business within Equatorial Guinea have been ordered by the Ministry of Mines and Hydrocarbons to cancel all contracts with Canadian-based CHC Helicopters. The reason is CHC's noncompliance with Equatorial Guinea's national content regulations.
Togo and Equatorial Guinea just approved a joint cooperation agreement to help increase trade in liquefied natural gas between the two countries.
As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.
Sweden has announced its investment of over SEK 800 million to the 'Strategy for Sweden'’s regional development cooperation in sub-Saharan Africa.
The U.S. Embassy in Malabo just disclosed an attempted coup may have happened on or about December 24 in Equatorial Guinea. All citizens should expect high alert, and that borders could be closed at any time.
VAALCO Energy, Inc., a Houston-based independent energy company principally engaged in the acquisition, development and production of crude oil, just announced that as of December 24, its South Tchibala 1-HB well located offshore Gabon had been temporarily shut-in.
Kosmos Energy, with legal headquarters in Bermuda, is acquiring the assets of New York based Hess Corporation held in Equatorial Guinea.
Equatorial Guinea's Ministry of Mines and Hydrocarbons, its national oil company GE Petrol and UK-based Ophir Energy has signed a production sharing contract for exploration of Block EG024 offshore Rio Muni.
The government of Equatorial Guinea signed an MOU (Memorandum of Understanding with the government of Burkina Faso to supply the West African country with LNG and build the necessary infrastructure to import, store and transport gas.
Gunvor Group Ltd. of Switzerland has been nominated as the preferred LNG Buyer for Offtake from the Fortuna FLNG project offshore Equatorial Guinea.
On May 11, the Government of Equatorial Guinea and Arabian Energy DMCC of the UAE signed off on a plan for increased financing and collaboration on construction of the Bioko Oil Terminal petroleum tank farm.
On May 10, representatives from the government of Equatorial Guinea and the Kingdom of Saudi Arabia will be meeting for the first ever Equatorial Guinea-Saudi Arabia Economic Forum.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
Equatorial Guinea and South Sudan recently announced a historic partnership, connecting the two African oil and gas producing countries in a strong bilateral relationship.
The United Nations World Economic Situation and Prospects (WESP) 2017 Report suggests Africa should see moderate economic recovery from 2017 to 2018. This is despite the overall world economy more or less expected to stagnate or grow at most slowly for the same period.
Equatorial Guinea has submitted a formal document requesting joining the Organization of Petroleum Exporting Countries (OPEC) in 2017. The request was provided on behalf of the Ministry of Mines and Hydrocarbons of Equatorial Guinea (http://MMIE.gob.gq).
The Central African Economic Community (ECCAS) member states have produced model and common laws covering telecommunications, cyber security and a regulatory framework that will help govern cross-border telecom interconnections. The agreement was completed with the support of the Economic Commission for Africa (ECA) and the International Telecommunications Union (ITU).
Just a few weeks ago the long-awaited Kribi-Campo-Baba Multinational Road and Bridge connecting Equatorial Guinea and Cameroon took a major step forward, as the African Development Bank (AfDB) approved a US $3.04 million study to assist the Economic Community of Central African States (ECCAS) in planning out the project.
Two years ago at the 31st African Union Summit in Malabo, Equatorial Guinea, heads of state and government endorsed the New Partnership for Africa’s Development (NEPAD) programme on agriculture and climate change with the bold vision of at least 25 million smallholder households practicing Climate Smart Agriculture (CSA) by 2025.
A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.