Equatorial Guinea launches aggressive 2020 Investment Agenda with the African Energy Chamber

MALABO, EQUATORIAL GUINEA�- EQS Newswire - 3 October 2019 – In light of the success of the Year
of Energy 2019, an initiative of the Republic of Equatorial Guinea which is
seeing the organization of several high-level investment conferences and
roadshows in Malabo and internationally this year, 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 (MMH) 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 U.S. 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 MMH
and our belief that Equatorial Guinea remains one of Africa’s most competitive
energy frontiers.”

 

“We are
going to work with our traditional partners in Africa, Europe, United States
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 H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and
Hydrocarbons. “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 organizing
several deal making events and roadshows throughout 2020 to showcase the best
investment opportunities that Equatorial Guinea has to offer.

 

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