When the President of the United States, Barack Obama, called for a US-Africa Summit and our government accepted the invitation to attend, many thought it would be impossible for us to go to Washington, DC and tell our country’s story. We decided to host an Economic Forum that would showcase what our country has to offer and it moved what was once perceived as impossible to possible.
To those who participated, I want to thank you for your incredible support along the way. This Forum would have never been successful without your active support and participation. Thanks to you, our Economic Forum will be remembered as one of the best ever organized on behalf of an African nation.
In Washington DC, I realized that we were united in the common purpose of creating more and better opportunities for business and by doing so, improving the quality of life of our people of Equatorial Guinea. These are the core ideals behind H.E. President Obiang Nguema Mbasogo’s vision for Horizon 2020, and we demonstrated that we are well on our way to achieving them.The Economic Forum and the various meetings held in Washington marked a critical step in this process. Thanks to your enthusiasm and hard work, Equatorial Guinea is shining for what it really is and we are affirmatively telling the world that our country is open for business, investment and tourism. This is just the beginning and we will not stop there.
The President has affirmed his commitment towards ensuring that Equatorial Guinea is readmitted into the Extractive Industry Transparency Initiative. As Minister, I am also committed in doing all that is in my power to ensure success. Transparency is an ongoing process and for this we are proud to have signed a very important MOU with theUS law firm, Greenberg Traurig, to provide my government all the necessary legal and technical assistance to achieve this.
As Minister of Mines, Industry and Energy, I was proud to sign various agreements with US firms in the energy industry, as I believe continuous investment flow is key to us rapidly becoming an emerging country.
It is my sincere hope that this Forum allowed you to connect with government officials and EG businessmen with whom you will work collaboratively to ensure beneficial partnerships and business ventures for all parties. My Ministry will continue to have an open door policy for potential investors, for ideas, projects or constructive criticism in the spirit of collaboration. We recognize that we face a daunting task ahead, and I ask you to remain steadfast and work with us to overcome it and meet the targets of Horizon 2020 as set out by H.E. President Obiang Nguema Mbasogo.
You can contact us through my Cabinet Director Lucas Nguema Mbulito at LNguemaMbulito@mmie.gob.gq
Gabriel Mbaga Obiang Lima
Minister of Mines, Industry and Energy
The Economic Forum hosted a panel of distinguished Government Officials, all of whom shared information about the resounding economic activity that the country is currently experiencing; including the accomplishments of the President’s Horizon 2020 program, and the next steps towards reaching the objectives of PEGI 2020.
The impact of social programs executed in partnership with US corporations, such as the Marathon Oil led Bioko Island Malaria Control Project, HESS’s Program for Educational Development of Equatorial Guinea and Exxon Mobil’s Bioko Biodiversity Protection Program, on the health, education and environment of Equatorial Guinea were also covered.
The Economic Forum provided insight on the Country’s commercial activity, present investment opportunities, and introduced investment incentives to attendees. Equatorial Guinea brought experts from several economic sectors to showcase the different opportunities that it has to offer, to accelerate economic transformation and maximize the Country’s resources.
Presentations and discussions from government representatives will highlight the government’s commitment to fostering an enabling environment for foreign investment from the United States.