In front of an assembly of over 700 entrepreneurs, investors and analysts, scholars and development agencies representatives, gathered for the occasion, the Equatoguinean Ministry of finance indicated that the fund aims at fuelling the state’s overall strategy to diversify the economy beyond oil and gas, on which its recent growth has been relying upon, to ensure a more balanced economic system, less vulnerable to global shifts in oil supply and demand.
During the next 3 years, the fund will support the country’s development around key economic sectors which have been identified for industrial development together with the international private sector: agriculture and animal ranching, fisheries, petrochemicals and mining, tourism and financial markets.
AGRICULTURE & RANCHING
Over 100,000 hectares of available arable land; warm climate with high value tropical plant species; timber industry, following example of Gabon
Extensive EEZ and territorial waters packed with commercially valuable marine species
PETROCHEMICALS & MINING
Leading petroleum producer in the CEMAC region, with opportunities to further develop untapped oil and natural gas fields; geographical positioning and a deep-water port
Unspoiled land and marine-scapes, high quality existing infrastructure, favorable climate, and consistent political stability
Political will to establish a friendly environment and encourage the growth of financial services and offer broad range of products and instruments to a range of international clients.
The Co-Investment Fund (CIF) has been affected over the next three years according to best growth potential reservoirs.
With the Co-Investment Fund announcement, the Emerging Equatorial Guinea Symposium ignites the investment boom. It will take the form of the signing of concrete Memorandums of Understanding between global companies and local counterparties during the 2 days forum, as the event follows the whole investment process.
Under The High Authority of H.E. President Obiang Nguema Mbasogo of the Republic of Equatorial Guinea.
About the EEG forum
Located in Malabo, February 3-4 2014, the forum convenes representatives of business and investment groups from the national, regional and international communities. This aims at offering the most valuable opportunity for international investors to learn about Equatorial Guinea’s potential and strategize directly with government officials.
APO & Emerging Equatorial Guinea
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