MAECI provides Solar Training to Equatorial Guinea

December 12th , 2014 → 1:47 pm @

posted by: equatorialguineaonline.com December 12th, 2014

 

2014-10-31 16.35.30

Solar Energy International(SEI) carried out two PV Solar training programs on  Annobon Island. The first one during June and the second one in October 2014. These trainings, performed in spanish, were hired and funded by MAECI SOLAR, a division of Management and Economic Consulting Inc. The company is currently building a 5MW battery based PV plant to supply the island and it’s inhabitants with much needed electrical power for local hospitals, schools, airport, public services, infrastructure and many additional areas that will improve local residents’ quality of life and income opportunities.

Per MAECI SOLAR’s request, both trainings included in person theory and hands on training on both grid tied and stand alone battery based PV solar systems. The  program used for  the practical portion of the trainings solar equipment available on the island in addition to components and specialized instruments brought from the  United States by SEI.

2014-11-06 14.37.01 

 

 

 

The people of Annobon were offered comprehensive hands on and online trainings in how to design, install and maintain solar photovoltaic systems and other renewable  energy technologies. The goal of the program was to train technicians, engineers, project managers, and individuals from both public and private sectors interested in acquiring useful and practical knowledge in renewable energies. The program also aims to facilitate the expansion of sustainable sources of energy and to create greater access to electricity for underserved communities in different areas around the world.

One program offered included an overview of the three basic PV system applications, primarily focusing on grid; direct systems. The goal of the course is to create a fundamental understanding of the core concept necessary to work with all PV systems, including: system components, site analysis, PV module criteria, mounting solutions, safety, and commissioning. The course also covered the basics of sizing a residential grid; direct system, wire sizing, over current protection, and grounding. This 5 day workshop included hands on labs to understand solar site analysis by using a solar pathfinder, shading analysis, module orientation, solar radiation measurements, among other exercises.

To support the formation of highly qualified PV technical personnel, the companies involved  are very interested in continuing to provide PV Solar training in  Equatorial Guinea due to the great solar development potential in the country.  

Category : 3. Read Recent News / Business / News

SapuraKencana reports slew of Asia Pacific and Africa offshore projects

December 12th , 2014 → 12:19 pm @

posted by: equatorialguineaonline.com December 12th, 2014

sapura_1 

 

 

 

 

SapuraKencana Group have been awarded contracts with a combined value of approximately USD 459m across the AsiaPacific and Africa regions

SapuraAcergy, a joint venture company equally owned by SapuraKencana and Subsea 7 has been awarded with a contract from Total E&P Myanmar for the Engineering, Procurement, Construction and Installation of the Wellhead Platform 4 and Lower Compression Platform, Pipelines and Cable

Fabrication, Hook-up and Commissioning (FHUC) Division – three contracts with various scope of works with a combined value of approximately USD 206m.

SapuraKencana’s wholly-owned subsidiary, Kencana HL, has been awarded a contract with Petronas for the engineering, procurement, construction and commissioning of BNJT-K (Baronia) and TTJT-A (Tukau) wellhead platforms (WHP) offshore Sarawak.

The contract is for a duration of 48 months and is expected to be completed by the fourth quarter of 2018.

The contract value is approximately RM480 million.

KHL has been awarded a contract for the provision of brownfield works on MDPP, MDB and JKB Platforms for Phase 3 Development Project by Carigali-PTTEPI Operating Company.

The contract is expected to be completed by the first quarter of 2016 and is valued at approximately USD 26m.

KHL has also been awarded a PCC contract for the Angsi compression module by PCSB.

The contract is expected to be completed by the fourth quarter of 2015.

The contract value is approximately RM140 million.

 

Offshore Construction and Subsea Services (OCSS) Division – three contracts with various scope of works with a combined value of approximately USD 151m.

SapuraKencana’s wholly-owned subsidiary, TL Offshore, has been awarded a contract by Vestigo Petroleum. for the Provision of Transportation and Installation (T&I) of the Central Processing Platform (CPP) for the Tembikai Development.

The Tembikai Oil Project comprises transportation and installation of the CPP “Tembikai Oil” for the development of Tembikai Marginal field located approximately 150km east of Terengganu, Offshore Peninsular Malaysia.

The contract is expected to be completed around March 2015.

The scope of work is valued at approximately USD 12.9m.

SapuraAcergy (Australia), a wholly owned entity of SapuraAcergy, a joint venture company equally owned by SapuraKencana and Subsea 7 has entered into a sub-contract with Heerema Marine Contractors Australia Pty Ltd.

The sub-contract is for the provision of buoyancy tanks removal and disposal for the Chevron Wheatstone project which is located in Wheatstone field, Western Australia. The sub-contract is valued at approximately USD 18.0m.

SapuraAcergy, a joint venture company equally owned by SapuraKencana and Subsea 7 has been awarded with a contract from Total E&P Myanmar for the Engineering, Procurement, Construction and Installation of the Wellhead Platform 4 and Lower Compression Platform, Pipelines and Cable.

Contract works for the EPCI2, which is located in Yadana Field, offshore Myanmar, are expected to be completed by the fourth quarter of 2016.

The contract is valued between USD 120m and USD 130m.

 

Drilling Division – two contracts (one contract award and one contract extension) for the provision of offshore drilling rigs and services with a combined value of approximately USD 102m.

SapuraKencana’s wholly-owned subsidiary, SapuraKencana Drilling Holdings Ltd, has been awarded a contract by Foxtrot International LDC, a company incorporated in Cayman Islands, whose main place of business activities is in Abidjan, Ivory Coast, for the provision of its semi-tender assist drilling rig SKD Alliance, with an option to extend for a further three wells.

Foxtrot intends to utilise SKD Alliance for its development drilling campaign offshore Ivory Coast. The contract is for a period of approximately 400 days commencing February 2015.

SapuraKencana’s wholly owned subsidiary, Seadrill Esperanza Limited, has accepted a three month extension to its contract with Hess Equatorial Guinea for the provision of its semi-tender assist drilling rig West Esperanza.

Hess Equatorial Guinea will continue to use West Esperanza for its development drilling campaign offshore Equatorial Guinea. The extension is for a period of three months commencing around September 2015 until approximately December 2015.

Category : 3. Read Recent News / Business / Politics

Equatorial Guinea participates in the meeting of Ministers of the G77+China

December 8th , 2014 → 1:00 pm @

posted by: equatorialguinea.com December 8th, 2014

n November 28 and 29, in the city of Tarija, Bolivia, an Equatorial Guinean delegation participated in the meeting of Ministers of the G77+China, sponsored by the Government of Bolivia, as the current Chairman of that organization and UNIDO (United Nations Industrial Development Organization).

06/12/2014

The delegation of Equatorial Guinea was composed of the Secretary of State for Mines, Santiago Mba Eneme Nsuga, representing Gabriel Mbega Obiang Lima, Minister of Mines, Industry and Energy; the Director Generals of EITI and Industry, Cesar Augusto Hinestrosa Gomez and  Damaso Coral Zamora, and two technicians from the same Ministry.

The meeting was opened by the President of the Plurinational State of Bolivia, Evo Morales, who mentioned in his speech the importance of South-to-South cooperation and the need for revision of exploitation contracts with companies to obtain greater benefit from producing countries.

On this occasion, the meeting focused on the discussion on the governance of natural resources and industrialization. In this sense, Santiago Mba Eneme Nsuga made a presentation during the second day, entitled, “Diversification as a key to industrialization,” showing the economic and social development achieved in the Republic of Equatorial Guinea, thanks to good governance of natural resources.

The delegation took the opportunity to hold bilateral meetings of interest which include the one held with the leadership of the Ministry of Hydrocarbons and Energy, led by the Minister Juan Jose Sosa Soruco, with whom they discussed issues of interest for both governments related to the sector in question.

The meeting was adjourned on November 29, collecting all the recommendations made by the group. Thus the Delegation returned to Malabo on December 1.

The G77 is a group created by developing countries in order to help, sustain and support each other in the deliberations of the UN. In 2014, chaired by by the Plurinational State of Bolivia and the group has reached 133 members, of which Equatorial Guinea is a part. In 2015, the rotating chairmanship will belong to South Africa. For more information: www.g77.org

Source: Ministry of Mines, Industry and Energy
Equatorial Guinea’s Press and Information Office

Category : 3. Read Recent News / Business / News

Is the United States too late to the Party in Africa?

October 9th , 2014 → 7:55 am @

Published by equatorialguineaonline.com

By our correspondent in Houston: Texas

October 9th, 2014

U.S. President Barack Obama, President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo, Equatorial Guinea First Lady  Mrs. Constancia Mangue de Obiang Nsue, and US First Lady Michelle Obama.

U.S. President Barack Obama, President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo, Equatorial Guinea First Lady Mrs. Constancia Mangue de Obiang Nsue, and US First Lady Michelle Obama.

In 2011, Hilary Clinton, the then Secretary of State, attended a business conference in the Zambian capital of Lusaka.  In an attempt to build economic partnerships in Africa, the United States sent the one of the largest delegations in years to the conference.  Secretary Clinton stated “Our approach is based on partnership, not patronage.  It is focused not on handouts but on the kind of economic growth that underlies long-term progress”.  Secretary Clinton also responded to China’s push to partner with many African countries stating China “has not always utilized the talents of the African people in pursuing business interests.”

Is the U.S too late to the party?  Is the U.S. ready to approach the continent with a consistent approach? The United States has been partnering with many Middle Eastern countries for several decades, in order to satisfy our thirst for oil.  With these partnerships we’ve befriended countries that are non-democratic, have a strong distaste for the U.S. to the point where they’ve inflicted violent terrorist attacks on U.S. soil and abroad.  These countries and their citizens have made it clear that they like our money, but not us.  What the U.S. has missed, is the opportunities in Africa.  Many leaders within Africa are extremely interested in building relationships with the U.S., but the U.S. has been extremely resistant.  Why?  Most likely the United States feels that many African countries have governments that are seen as oppressive and corrupt.  However, for some reason this isn’t an issue within the Middle East which is really surprising, to say the least.

In fact, “when it comes to countries such as Saudi Arabia, we ignore the way the royal family runs the country. Saudi Arabia is not an electoral democracy, and Equatorial Guinea is.  Saudi Arabia has made progress due to U.S. pressure when it comes to human rights, but still remains on the list of most oppressive regimes; Equatorial Guinea has made a remarkable achievement in this field, even recognized and praised by the UN and many international Medias.  When the U.S. began doing business with the Saudi family, it was at the top of the list concerning human rights violations within its borders.   (The reports are excerpted from Freedom in the World 2010, which surveys the state of freedom in 194 countries and 14 select territories)”.

Former President George Bush with Saudi King Abdullah

Former President George Bush with Saudi King Abdullah

An example of this inconsistent approach is Equatorial Guinea.  Having spent time in the African country of Equatorial Guinea, I’ve found that the U.S. struggles to determine how they would like to approach this country.  In democratic and sustainable terms, it would be very difficult for anyone who has studied, analyzed the constant changes of political economic and social spectrum of this country, to find a better democratized country on the continent. What the U.S. needs is to have a group of U.S. members of the congress and entrepreneurs to visit this country and draw their conclusion from their own assessment.  In 2012,  MAECI,  a U.S. international consulting firm, led a Multidisciplinary Economic Mission to Equatorial Guinea. Although the mission was very successful, the Members of the Congress (Senators and Congressmen) from the States where the members of the mission originated have failed to effectively act on the concrete report of that mission to foster the US partnership with that country.  Nevertheless, because of determined willingness of Equatorial Guinea to partnership with the US, the mission translated into different projects being implemented by U.S. companies. In cooperation with General Electric, Princeton Power, NESL, the University of Delaware, etc.; MAECI is building the largest Off-grid solar electric systems on the Continent, (and one the largest in the world) on the AnnobonIsland. Within the Framework of President Obiang Nguema Mbasogo vision as embodied in the National Economic and Social Development “Horizon 20/20”, with the construction of this Off-grid solar electric systems, Equatorial Guinea will become one of the greenest countries in the world. MAECI is also involved in the construction of a Plant to produce Small Agricultural Implement for national needs and export to neighboring countries; the Agro industrial complex built by MAECI to produce corn cooking oil, corn flour, animal feed, using the production from a 750 ha of corn/soybean farm is set for inauguration by the end of this year.

U.S. companies are also extensively involved, with recognized success, in the agricultural development of the country.  Equatorial Guinea has large oil and natural gas reserves, and U.S. companies such as Exxon-Mobil, Marathon, have had a strong presence within the country for years.  The government of Equatorial Guinea is very interested in building a strong partnership with the U.S.  However, The U.S. has still not moved on this.  Over the past few years, China, South Korea, India, East European countries, Brazil, to name a few, have forged strong relationships, and are involved in most of the growth of this small countries’ expansion.  China is heavily involved in building the infrastructure of Equatorial Guinea, and seeking more partnerships to develop such programs as food and manufacturing.

The United States has conflicted views of what to do in Equatorial Guinea.  The U.S. would like to invest and support the growth, but feels it’s compromising its beliefs due to unfounded statements that are made about the government of Equatorial Guinea, and appear to be uncomfortable in partnering with a country that has a leader that has been in power for many years.   Unfortunately, the U.S. has not taken the time to make a comprehensive analysis, considering where the country comes from, beside the fact that there is no valid reason why Equatorial Guinea should be singled out among so many countries in Africa and in the world under the same situation. There is no foundation for that attitude. It is time for the Western countries to understand that democracy cannot be imported but has to be genuine, grown and nurtured from within; and the process takes time. One should remember how long it took Europe to become a democratic Continent, and needless to say that many countries in Europe still cannot be considered as democratic states.

Obiang Nguema Mbasogo, President of the Republic of Equatorial Guinea has been in power for several decades.  President Obiang has come under scrutiny over the years for the way in which he has run the country.  What the U.S. hasn’t taken into consideration is that the country, from when President Obiang Nguema took power, has gone from one of the poorest countries in the world (in democratic, social and economic terms), to one of the democratically advanced and economically richest per capita country on the Continent.  A third world country such as Equatorial Guinea lacks the experience to handle what comes with this new found wealth.  The United States should see this as an opportunity to assist and partner with African countries such as Equatorial Guinea while they go through this process.  Instead the U.S. has taken the approach that a third world country should have the ability to recognize it’s short comings and build a model country within a timeframe that neither the U.S. nor any so called developed western country were able to achieve.  The result has been lost opportunities.

The government of Equatorial Guinea has made great progress within the last five years.  The government has built roads, schools, hospitals and many other infrastructure projects with the oil revenue that has been created.  One of the most powerful initiatives has been in the agriculture sector.  The government of Equatorial Guinea is committed to feed its own people in order to create a foundation for sustainable future growth. The successful far-reaching and comprehensive Agriculture Program launched back in 2010/2011 by the then Minister of State in charge of Agriculture and Forest H.E. Teodoro NGUEMA OBIANG MANGUE (presently Vice President in charge of Security and Armed Forces), and called “The Green Revolution”, implemented by the U.S. company (MAECI), is still being visited by experts from many African countries as a model to be copied. Its objective of achieving food self-sufficiency is being attained, after only 18 months from inception! Some FAO experts have called the program a discovery on how to sustainably and economically reach food self-sufficiency in a developing country.

Based on Secretary Clinton’s 2011 comments, it sounded like the U.S. wanted to become more involved in Africa.  In order for that to happen, the U.S. must become proactive in assisting African countries in developing the genuine roadmap to their development.

We live in an extremely transparent world, with a 24 hour news cycle, which is causing the U.S. to take positions that they feel will protect them politically.  By taking this type of position, how does it benefit the U.S.?  This forces the United States to sell its population on initiatives through deception, such as how we were sold on the Iraq and Libya wars, while countries like China, India, Brazil, South Korea, are securing their future needs with partnerships they’re creating all over Africa.

With the changes that are taking place around the world, and the race for the super powers to control the depleting resources on the earth, it’s crucial for the U.S. to embrace Africa.  Unfortunately when dealing with emerging markets and countries, patience and understanding need to be used.  We need to focus our attention and resources on countries that want to partner with the U.S.

Equatorial Guinea is just one example of African countries that the U.S. should support, and there are more just within the Western Central African region.

We must look long term and ignore the short sited political rhetoric. There is absolutely no doubt that Africa is the Continent of the Future, and it is the last of the World’s frontiers.  If the US misses out, where do we go?

 

Category : 3. Read Recent News / Business / News

Equatorial Guinea Partners with FAO for Sustainable Fishery Resources

September 8th , 2014 → 6:14 am @

Posted by www.equatorialguineaonline.com – September 8th, 2014

EQUATORIAL GUINEA – The Ministry of Fisheries and Environment, with technical support from the United Nations Food and Agriculture Organization (FAO) has launched a new project whose goal is to generate scientific information on the state of fish stocks, from the maritime territory of Equatorial Guinea.

This $4 million new initiative on a four year scale, covering sea areas of Bioko, the Mainland region and Annobon, sets a milestone in the history of the development of the fisheries sector in the country. The results of the research will be used in order to develop an investment plan for the sustainable use of national fisheries. Furthermore, industrial and artisanal fisheries will the major beneficiaries of the project.

The objectives in the short and medium term, all contributing to food security of the local population, is to ensure the supply of quality fish products for Equatoguinean and international markets, to reduce dependence of fish imports and to generate new jobs.

“Fishing is the second pillar of the Strategy for Social and Economic Development of the country by 2020,” said Crescencio Tamarite Castaño, Minister of Fisheries and Environment, during the launch of the project in Malabo, last 21 August. “This project will contribute to food security, creating new jobs and improving human capital”, he added.

Strengthening cooperation with FAO

FAO provides technical assistance to its member countries to improve levels of food and nutrition of populations through the use of natural resources, including fish stocks. The FAO Representative in Equatorial Guinea, Olman Serrano, welcomed the government’s initiative for this strategic investment in the diversification of the country’s economy and its renewed trust in FAO for the implementation of such an important project.

Representatives of the ministries involved in the implementation of project activities, namely Fishing and Environment; Agriculture; Security; Defence; Planning and Investment; Information and Communication; Mines, Industry and Energy; Interior and local communities as well as the National Agency 2020, attended the launching ceremony.

A priority action plan until the end of the year was discussed and approved. One of the major activities is an oceanographic study starting in November to be conducted by the Research Vessel Dr Fridtjof Nansen, a platform for collaboration in marine research, managed by the Institute of Marine Research (IMR) in Bergen (Norway) under FAO supervision.

– See more at: http://www.thefishsite.com/fishnews/24033/equatorial-guinea-partners-with-fao-for-sustainable-fishery-resources#sthash.ka8LDlFr.dpuf

Category : 3. Read Recent News / Business

Africa’s Growing Economic Power Leading to Social and Political Progress, Says Equatorial Guinea’s U.N. Permanent Representative

April 25th , 2014 → 6:16 am @

PR Newswire – posted by www.equatorialguineaonline.com

NEW YORK, April 25, 2014

NEW YORK, April 25, 2014 /PRNewswire-USNewswire/ — The government of Equatorial Guinea has been a leader in the African continent and has established successful reforms and programs in the country, and its neighbors are doing the same, Ambassador Anatolio Ndong Mba, permanent representative of Equatorial Guinea to the United Nations, told attendees at a panel on “African Solutions, African Problems,” held at the Peace Islands Institute in partnership with the Journalists and Writers Foundation.

Ambassador Ndong Mba discussed the Africa paradigm and said it is important that Africa and its 54 countries be regarded as equal partners on the world stage. Africa will be exerting its influence for a more fair and equitable benefit from its natural resources. Africa seeks an even greater economic diversification; this means that while Africa extends the value it receives from her natural resources, at the same time, there is a movement to increase diversification into other sectors for greater national and continental resiliency, making the continent less susceptible to oil shocks and volatility in the world commodity markets.

“Equatorial Guinea is using income from its natural resources to expand [and] develop infrastructure and other sectors. Equatorial Guinea has experienced significant growth over the past few years. Another important goal we have is towards economic diversification, which will reduce our reliance on oil revenues by converting revenues from oil into large public works projects and a portfolio of agro-industry, fisheries projects and tourism.”

As Africa continues to make significant progress in the political, social and economic spheres, the continent demands an even greater role on the world stage. Ambassador Ndong Mba said that Africa welcomes partnerships but Africans must lead Africa’s development, and African solutions must be applied to African problems.

During the panel, Ambassador Ndong Mba discussed Africa’s growing influence on the global stage and the growing number of countries on the continent that are embarking on policies of diversification and infrastructural development to attract investors and build a solid foundation for development.

“According to The Economist, six of the world’s ten fastest growing economies of the past decade are in sub-Saharan Africa, and many African countries have enjoyed growth in income per person of more than 5% a year since 2007,” he said.  “Africa’s rise on the global stage is palpable.  The continent’s emerging middle class with increasing disposable income is slowly being recognized.  According to the Ernst & Young’s attractiveness survey Africa 2013, the size of the African economy has more than tripled since 2000. Moreover, a number of African economies are predicted to remain among the fastest growing in the world.  To site another source, a McKinsey Global Institute analysis indicated that four sectors in Africa namely – consumer products and services, infrastructure, agriculture and natural resources will together be worth $2.6 trillion in annual revenue by 2020.”

This trend is seen clearly in the rapid development of Equatorial Guinea over the last several years.

“In my country, Equatorial Guinea, the President of the Republic set in motion a long-term development plan, Horizon 2020, which aims to invest in important sectors, which will in turn strengthen economic growth to ensure a transparent social climate, build important infrastructure to support a modern nation state, and improve social welfare and reduce poverty. A billion dollars have been set aside to support this initiative,” he said.

Ambassador Ndong Mba said that Africa’s growing economic power should be met with growing political power on the world stage.

“Africa requires a greater say in the management and governance of the World Bank and the International Monetary Fund…,” he said. “Since Africa is becoming an important driver of future global economic growth, since Africa is home to a billion inhabitants and growing, since Africa is growing in its strategic importance to the rest of the world, it is time to validate Africa’s growing importance.  It is now time that Africa occupies permanent seats in the United Nations Security Council.”

The institute’s Ambassadors Series panel on African Solutions to African Problems covered education, health, economy, culture and peace and security and served as a platform to bring diplomats accredited to the United Nations together with academics, experts and civil society to engage with one another, and to discuss global issues and exchange multiple perspectives. The panel was moderated by H.E Antonio Tete, Permanent Observer of the African Union to the United Nations, and featured presentations by Ambassador Kingsley Mamabolo, permanent representative of South Africa to the UN, and Ambassador Osama Abdelkhalek, deputy permanent representative of the Republic of Egypt to the UN, in addition to Ambassador Ndong Mba.

Read more: http://www.digitaljournal.com/pr/1874527#ixzz2zuKVk4ph

Category : 3. Read Recent News / Business / News

Equatorial Guinea Develops Industrial Plan in Drive to Diversify Economy

April 24th , 2014 → 6:20 am @

Posted by www.equatorialguineaonline.com – April 24th, 2014

Industrialization Plan 2020 will help reduce dependence on imports, build sustainable economic activity

PR Newswire

MALABO, Equatorial Guinea, April 23, 2014

MALABO, Equatorial Guinea, April 23, 2014 /PRNewswire-USNewswire/ — The government of Equatorial Guinea has established the Industrialization Plan of Equatorial Guinea (PEGI) 2020, aimed at creating a guide for the development of sustainable industry and a diversified economy.

“Reducing dependence on imports and transforming our natural resources will allow us to ensure our independence and solvency in a globalized world,” said President Obiang Nguema Mbasogo when talking about the plan. Equatorial Guinea’s economy is heavily dependent on the production of oil and natural gas. The plan is aimed at reducing this dependency. The government has identified four priority sectors for development, one of which remains oil and energy. The others are agriculture, livestock and agro-industry; fisheries and aquaculture; and services—especially tourism and financial services.

The government announced a number of new foreign investments in these priority areas at an investment conference in Malabo in early February.

The different industrial projects will contribute to reducing the rural exodus, creating high-quality jobs, and raising the standard of living of the population.

The PEGI-2020 was adopted at the industrialization conference held in 2011. This plan supports the national development plan ‘Horizon 2020’ as part of development of the industry to ensure economic diversification.

Read more: http://www.digitaljournal.com/pr/1868364#ixzz2zoUyX23h

Category : 3. Read Recent News / Business / News

Former President Clinton’s speech closes Sen. Coons’ conference on Africa

March 11th , 2014 → 9:43 am @

Posted by www.equatorialguineaonline.com – March 11th, 2014

clinton-africa-1024x630

Former President Bill Clinton’s keynote address closed Senator Chris Coons’ third annual Opportunity: Africa conference Monday in Wilmington.

Clinton spoke for 40 minutes, discussing the Clinton Foundation’s work in Africa and the challenges that remain. He stressed the concept of greater global interdependence in the 21st century and the need for creative cooperation to a crowd of about 1,200.

 

Clinton pointed to Nelson Mandela as an example of the power of creative cooperation, citing his willingness to include some of most vocal opponents in his cabinet when he led South Africa.

“And all of you really should be that kind of agent of change,” said the former president. “If you are African, it is your continent and your country. If you’re not, you should be going there on an empowerment mission to work ourselves out of a job so that we’ll have partnerships that will endure.”

Clinton believes that this creative cooperation was instrumental in helping to fight the African AIDS epidemic which has seen the number of AIDS patients receiving treatment on the rise and AIDS deaths falling.

Clinton also argued average citizens have more impact than ever before through social media and the sharp rise in Non-government organizations.

Among the specific issues Clinton addressed was food production in Africa.

Clinton noted countries like China are purchasing African farm land to aid in their own food shortages. He said these large, automated farms not only bad for the topsoil, but also push out small African farmers triggering a whole host of social and economical problems that can have a global effect.

“We dare not let their topsoil be destroyed, it will affect you in Delaware,” said Clinton. “We dare not let the ethnic and religious and tribal conflicts overcome the staggering human potential. It will affect the young men and women from this state who join the military to serve our country.”

He noted an Anchor Farm experiment supported by the Clinton Foundation that helped farmers double crop yield and increase profits over 570 percent by providing basic equipment upgrades.

He also touched on improvements in health care in Africa and the efforts to protect wildlife there.

Clinton praised Senator Coons for setting up the conference as well as the crowd for attending.

“I admire the fact that you are here across every sector of society and the economy of this remarkable state,” said Clinton. “And the fact that you understand that Delaware and Africa are quite interdependent. I think Africa is worth believing in, it is an immensely rich and various continent.”

 

Category : 3. Read Recent News / Business / News

Interview with the Prime Minister on the success of the Symposium on Economic Diversification

March 6th , 2014 → 3:25 pm @

posted by www.equatorialguineaonline.com – March 6th, 2014

Following the successful conclusion of the Symposium on Economic Diversification for the Government program, Horizon 2020, many members of the media were interested in knowing the reality of Equatorial Guinea. Ehate Tomi, Prime Minister of the Government for Administrative Coordination, spoke to reporters of World Investment News andwww.guineaecuatorialpress.com.

According to a report of the International Monetary Fund, Equatorial Guinea is ranked as one of the best economies in 2013, particularly in the investment section. Could you tell us what the difference is between Equatorial Guinea and other African countries as an investment destination?

-“Well, there are many distinguishing features. We are in a sub-region where some countries were colonized by different powers. Some countries have a reduced ability to decide on their resources and programs they adopt. However, others have the willingness, capacity and power of autonomy to design programs and implement them, as in the case of Equatorial Guinea.”

-What specific actions will be undertaken to improve the business environment in Equatorial Guinea?

-“We can highlight the Single Window to facilitate administrative management for investors. Some laws involving significant support to those who want to invest will also change. We are going to clear the way, and facilitate investors’ easy access to Government programs. During the symposium, the Head of State announced the creation of a fund to support investment, and has set up a structure that will channel these aspects.”

Equatorial Guinea’s image abroad has not always been positive, what steps is the Government taking to improve it?

-“The Government has several initiatives. People traveling to our country are praising the work that is being carried out, and we are open to the world, to let them see what we are doing. We are also registered with the Extractive Industries Transparency Initiative Association. The significant number of ambassadors accredited in our country, and those who are applying for this status, are an example that things are going well.”

Spain and Equatorial Guinea share cultural and historical ties, what is the status of relations between the two nations?

-“Relationships are very good, Spain is classified as a country of privileged relations, with absolute respect of each of the parties.”

Category : 3. Read Recent News / Business

Airline from Equatorial Guinea wants to fly to Cabo Verde and Sao Tome and Principe

February 27th , 2014 → 7:24 am @

Posted by www.equatorialguineaonline.com – February 27th, 2014

Ceiba Intercontinental, an airline based in Malabo, Equatorial Guinea, plans to start flying to Praia with a stopover in Sao Tomé, the capital of Sao Tome and Principe, the Cabo Verde secretary of state for Foreign Affairs said.

José Luís Rocha, who visited Equatorial Guinea recently, said that the move had yet to be confirmed and added that if it went ahead it would make it easier for people and goods to travel between the two countries, according to Cape Verdean newspaper A Semana.

The news follows a deal between the governments of Cabo Verde and Equatorial Guinea for exploration of air services between and beyond the two countries, which was signed in Praia on 16 June 2010 and was unanimously ratified Wednesday by Cabo Verde’s parliament.

Ceiba Intercontinental, which was founded in 2007, has a fleet made up of four ATR aircraft and two Boeing aircraft and its first intercontinental flight was carried out in October 2012, from Malabo to Madrid.

Since December of 2012 the airline has offered flights to the Ivory coast, Ghana, Cameroon, Togo, Benin, as well as to Brazil from its base at Santa Isabel de Malabo International Airport.

Equatorial Guinea is making efforts to stabilise its political situation in order to become a member of the Community of Portuguese-speaking Countries (CPLP). (macauhub)

Category : 3. Read Recent News / Business