embacongo@gob.gq

The country’s political stability makes international investment and development a pragmatic as well as safe option.

Business environment

High oil flows have caused profound structural changes in Equatorial Guinea during the last twenty years, especially in the construction and development of basic infrastructure. These cash inflows have enabled public spending, valued at XFA 4.066 trillion (about US $ 8.36 billion) to develop state-of-the-art infrastructure, including the continent’s new city of Djibjoho, and support its long-term goals. term of economic diversification.

Cranes in the port of Bata in Equatorial Guinea

Cranes in the port of Bata in Equatorial Guinea To position itself as a regional center for the supply of transport and electricity, the country has significantly improved port and airport services to become a center for regional freight and passenger transport. The port of Malabo can function as a stopover for ships from Asia and Europe to Central and West Africa, since its construction was carried out to receive ships with a depth of 16 meters and a cargo capacity of 10,000 containers.

Such infrastructure improvements allow the country to take advantage of its favorable strategic location and access a market of more than 130 million people.

As part of the “Coast from Africa to Europe” project, initiated by France Telecom-Orange that will allow 23 countries to access broadband Internet connection, Equatorial Guinea has recently benefited from its connection with the fiber cable that extends to along 17,000 kilometers of the African coast.

When to travel

The country is also improving its regulatory environment. It is in the process of establishing the National Council for Social and Economic Development and the Court of Accounts to ensure the effective implementation of Vision 2020 (National Economic and Social Development Plan for the Emergency of Equatorial Guinea. The Government has recently requested support of the World Bank for the implementation process of the project of the establishment of the single window, which will guarantee the speed and simplification in the administrative procedures for the opening and creation of new companies in our country.

The country is also improving its regulatory environment. It is in the process of establishing the National Council for Social and Economic Development and the Court of Accounts to ensure the effective implementation of Vision 2020 (National Economic and Social Development Plan for the Emergency of Equatorial Guinea. The Government has recently requested support of the World Bank for the implementation process of the project of the establishment of the single window, which will guarantee the speed and simplification in the administrative procedures for the opening and creation of new companies in our country.

Foreign presence

The Gulf of Guinea provides more than 5% of the world’s oil production, for all the major oil companies in the world are present in this area. Around 340,000 barrels / day of oil are extracted in Equatorial Guinea by the main oil extraction companies, including Hess, ExxonMobil, Marathon Oil and Noble Energy, in association with GePetrol.

Hydrocarbon plant

Hydrocarbon plant

The international presence in oil exploration is very diverse, including Swiss, British, American, Chinese, Spanish, Russian and Nigerian companies. Deepwater exploration permits were also granted to Total Fina Elf, for drilling in 2013. In addition, the Japanese companies Mitsui and Marubeni are present in gas liquefaction.

The presence of Chinese, French, Brazilian, Spanish and German companies in other sectors such as construction, transportation or banking and insurance is also notable.

Agriculture Projects

Equatorial Guinea has a high potential for the development of agricultural production, it has a favorable climate for all types of tropical and subtropical crops, fertile soil, favorable rainfall and abundant water reserves. This sector offers exceptional opportunities for the development of small local industry initiatives. Crops grown in Equatorial Guinea include, but are not limited to:

Cacao one of the main agricultural products of Equatorial Guinea

Cacao one of the main Agricultural products of Equatorial Guinea Main investment opportunities in the agricultural sector: Production and processing of cocoa and coffee, Processing of juices and derivatives, Production and processing of palm oil, Production and processing of coconut oil, Manufacturing of soap, Manufacture of fertilizers, Production and processing of cassava, Production and processing of sugar cane, Salt refineries.

Agro-business. (Cattle raising)

Animal production includes chickens, ducks, pigs, goats, sheep, rabbits, and guinea pigs.

Worker feeding cattle

Main investment opportunities in the livestock sector:

Slaughterhouse and Animal Vaccination Center. The integral pig production The integral production of eggs. The integral production of broilers. Livestock production.

Fishing

With 644 km of coastline and 314,000 of an exclusive economic zone, Equatorial Guinea has an abundant variety of marine species thanks to the structure of the marine sector and a well-developed river network.

Equatorial Guinea intends to develop the fishing industry to supply itself in the domestic market. Transform the country into a regional leader in marine production and marketing, thus becoming the main supplier of fishery products for the subregion.

Fish goods in the port

Main opportunities in the fishing sector:

Development of aquaculture in salty and fresh waters. Seafood processing plant. Fishing production. Supply of fishing boats. Artisanal fishing. Assembly and repair of nets and rigging. Petroquímica Equatorial Guinea is the largest oil producer in the CEMAC area and the third largest in all of Africa. Currently, proven reserves amount to 1.7 trillion barrels, which is equivalent to about 10 years of production at the current rate. Also, it should be noted that many areas have yet to be explored in detail. Eight new exploration contracts have recently been signed, four of them onshore.

At this time, Equatorial Guinea is committed to developing its full potential in the petrochemical sector, working with the private sector to create a highly developed and vertically integrated national industry.

Main opportunities in the petrochemical sector:

Refining and recycling of industrial waste. Paint industry. Asphalt industry. Tire retreading. Recycling of plastics. Tourism With a vast expanse of unspoiled land and seascapes, a developed basic infrastructure, and an attractive climate, Equatorial Guinea could become one of the top ecotourism destinations in Africa. In recent years, work has been done on the development of hotel infrastructure and priority has been given to eliminating obstacles to the development of this sector, including administrative procedures, difficulties in obtaining visas, insecurity and corruption.

Oil refinery in Equatorial Guinea

In addition to the opportunities that Equatorial Guinea offers, as the main ecotourism destination for the development of tropical tourist activities, the country also has possibilities to develop high-standing tourism.

Transport

The strong investment in quality infrastructures promoted by the first phase of the “Development Plan has provided Equatorial Guinea with a modern network for the growth of this sector.
The main port of the country located in the capital, Malabo, has been remodeled to expand its capacity, being able to accommodate ships with a draft of up to 16 meters.
The airports in the main cities, Malabo and Bata, have also been remodeled with the construction of modern terminals. In addition, three new airports have been built in Annobón, Mongomeyen and Corisco with the aim of improving communications and transportation with the rest of the cities.
A modern network of roads and highways has been built throughout the national territory. This network, in addition to shortening travel times, has allowed poorly accessible rural areas to escape the isolation they experienced.

Take off of an aircraft of the Equatorial Guinean state company Ceiba Intercontinental

Embassy of the Republic of Ecuatorial Guinea in Congo Brazzaville