Equatorial Guinea
The original report was published in the USA Today on Thursday, September 27, 2012
 Teodoro Obiang Nguema Mbasogo, President of the Republic of Equatorial Guinea Gifted with one of sub-Saharan Africa's largest hydrocarbon reserves and boasting a strategic geographical location, Equatorial Guinea has the potential to become the CEMAC region's energy, maritime, tourism and transshipment hub
1
|
|
Overseeing more than 1,400 new projects with more than 350 companies is GE Proyectos (or EG Projects), the agency within the Ministry of Public Works and Infrastructure charged with securing the country's sustainable development through the implementation of large-scale infrastructure projects
0
|
|
Marathon Oil, EG LNG and AMPCO have all worked to help reduce the prevalence of malaria, build schools, and train locals to become part of a skilled workforce
0
|
|
The country and its people have benefitted from Marathon Oil's success
0
|
 Punta Europa Gas Complex is located in the northern part of Bioko Island Punta Europa Gas Complex holds great potential to expand into a regional gas hub
0
|
|
The oil company with the most longstanding presence in Equatorial Guinea is also the one with the highest success rate. Experts in oil and gas exploration and production, Noble Energy has invested wisely, generated returns for its stakeholders, and demonstrated to the Equatorial Guinean government its ability to operate safely and responsibly while at the same time creating value for the people
0
|
 Jean Charles Hayoz, Managing Director of Somagec Guinea Ecuatorial Training future leaders, Somagec has become the single largest private employer in Equatorial Guinea and is building some of the most important infrastructure in the country
0
|
|
In terms of training, since coming to work for Somagec, what kind of training have you received to help you to work better?
0
|
|
What health cover is provided by Somagec? Are social security benefits respected?
0
|
 Nicolas Kfoury, Managing Director of Setraco EG The country is a leader in roads and bridges in the region and is currently constructing a prime neighborhood in Malabo
0
|
|
The African nation has a booming oil industry and is moving toward a diversified economy, attracting foreign investors from countries such as the United States
0
|
|
The BGFIBank Group is growing its reach in Africa and Europe. In Equatorial Guinea, the first non-francophone country it entered, the bank is pioneering new banking services
0
|
 Corisco Island and its landing strip Equatorial Guinea has gone largely unnoticed in the world spotlight. But new foreign investment, growing natural resource production, tourism spending and investment in infrastructure are likely to boost the country's position on the world stage
0
|
|
Victor Calvo, the Commercial Manager of Iberia Equatorial Guinea, outlines his vision for the company and details the recent growth in aviation traffic in the African country
0
|
 Andreas Kaïafas, CEO of Cronos Airlines The aviation sector can aid Equatorial Guinea's economic take off and improve the fortunes of the masses
1
|
|
Equatorial Guinea's vast natural resources and modernizing cities, coupled with its Spanish influence, make tourism a promising sector
0
|
|
With all the development taking place in Equatorial Guinea, its people are entering an age of enlightenment
0
|
|
|
 Malabo (above) as well as Equatorial Guinea’s other cities and towns are undergoing a dramatic transformation thanks to oil revenues The umbrella under which the Horizon 2020 capital projects are coordinated, the Horizon Agency is overseeing Equatorial Guinea's transformation to developed country
0
|
|
Equatorial Guinea holds 4.3% of global oil reserves, meaning the country is the third largest oil producer in sub-Saharan Africa, after Nigeria and Angola, and ahead of Gabon and Cameroon. Statistically speaking, Guinea produces more barrels of oil per capita than Saudi Arabia
0
|
|
Home to an enormous gas field, Equatorial Guinea has facilitated one of the world's fastest LNG train projects
0
|
 Pedro Arasa, Resident Manager at AMPCO Equatorial Guinea's sole methanol plant produces 2% of the world's supply
0
|
|
The deep waters of Luba Freeport provide the perfect location for a shipping hub
0
|
 The 2020 Economic and Social Development Plan envisions the creation of whole new cities Developing basic public and private facilities is key for the transformation of Equatorial Guinea's natural resources rich emerging economy into a
leading African example of economic diversification
0
|
|
How long have you been working at Somagec? What job did you start doing at the company and what do you do now?
0
|
 Genaro Motu Ateba, Driver at Somagec What are the relationships at work like and how are different departments coordinated to achieve the same goal?
0
|
|
Sogea-Satom is a leader of Equatorial Guinea's construction sector. With rigorous professional standards and a reputation for responsibility, it owns the roads
0
|
 Alejandro Envoro, President and Managing Director of Amaceea S.A. Amaceea, a family construction company with an international focus, is committed to developing the country
0
|
 Fernando Gomez Pastor, Managing Director of BANGE The National Bank of Equatorial Guinea, only six years old, is already succeeding in the local and international market
0
|
|
Just 18 years old, this Equatoguinean financial establishment thrives with 75% control of the market
1
|
 Spain’s Iberia Airlines has been a partner of Guinea’s development since the 1960’s. Today it operates six weekly round-trip flights The doors to trade and industry are opening with unprecedented projects to modernize the country's infrastructure and expand its ports
0
|
|
Founded in 2007, CEIBA is the country's flagship airline. It has come a long way since it started operating with a single second-hand plane
0
|
 Angel Ndongo, General Director of GETESA Getesa is in charge of developing national and international communications, and marketing value-added services. A joint venture between the government and France Telecom, who market their products as Orange, GETESA is recognised as symbol of the country's progress as it is the leading force driving innovation and modernization of the telecoms industry
0
|
|
The popular hotel chain just opened a new establishment in Bata amidst exciting branding changes in the company
0
|
 Purificacion Angue Ondo, EG’s Ambassador to the US Women who have achieved great stature in government, industry, sports, and the media are becoming a familiar sight
0
|
|
|
|
DIPLOMATIC REPRESENTATION IN THE U.S.:
Ambassador Purificacion Angue Ondoion
CAPITAL:
Malabo
POPULATION:
685,991 (July 2012 est.)
AREA:
28,051 sq km
GDP per capita (purchasing power parity):
$19,600 (2011 est.)
GDP composition by seector:
Agriculture 3.6%
Industry 89.7%
Services 4.3% (2011 est.)
l GDP real growth rate
7.1% (2011 est.)
INDUSTRIES:
Petroleum, natural gas and sawmilling
AGRICULTURE:
Coffee, cocoa, rice, yams, cassava (manioc), bananas, palm oil nuts; livestock; and timber
NATURAL RESOURCES:
Petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, and clay
BUDGET SURPLUS:
1.7% of GDP (2011 est.)
|
