Cameroon, Equatorial Guinea Reopen Border, Business Thrives
Cameroon supplies food items, building material and motor spare parts to Equatorial Guinea while Equatorial Guinea delivers beverages, and vegetable oil to Cameroon. Forty-year old Equatorial Guinean business woman Rosaline Avah said there has been a huge movement of goods and people to and from Ebebiyin within the past two weeks after Equatorial Guinea officials […]
The Trial Of One Of Africa’s Most Corrupt Politicians Shows That Fighting Graft Is Global
For the past three weeks, in a crowded and sweltering Paris courtroom, the vice president of Equatorial Guinea has been on trial over allegations that he laundered tens of millions of dollars in France. Prosecutors allege that Teodoro Nguema Obiang Mangue, known by the nickname “Teodorin,” earned around $80,000 per year as agriculture minister during the period […]
France Demands 3-Year Jail Term for Equatorial Guinea President’s Son
French prosecutors said on Wednesday they were seeking a three-year jail term and a 30 million euro fine for Equatorial Guinea’s Vice President Teodorin Obiang, on trial in absentia for embezzlement. The 48-year-old son of President Teodoro Obiang Nguema is charged with using money plundered from his country’s state coffers to fund a jet-set lifestyle […]
If I Was an African President, I Wouldn’t Quit Power Either
Some African leaders with 20 years in power, from top left to bottom right: Omar al-Bashir, Sudan; Idress Deby Itno, Chad; Yoweri Museveni, Uganda; King Mswati III, Swaziland; Denis Sassou Nguesso, Republic of the Congo; Paul Biya, Cameroon; Robert Mugabe, Zimbabwe; Jose Eduardo Dos Santos, Angola; Teodoro Obiang Nguema Mbasongo, Equatorial Guinea. I am writing […]
Two African Countries Get Temporary United Nations Seat
U.N. member states elected six countries Friday to temporary seats on the Security Council, the U.N. body responsible for maintaining international peace and security. Starting January 1, 2018, Ivory Coast, Equatorial Guinea, Kuwait, Poland and Peru will serve two-year terms, while the Netherlands will join for one year, in a special arrangement with Italy. The […]
South Sudan, Equatorial Guinea Begin ‘Deep and Lasting Collaboration’ on Oil and Gas
South Sudan and Equatorial Guinea announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers. The Memorandum of Cooperation was signed by Equatorial Guinea’s Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima and South Sudan’s Minister of Petroleum H.E. Ezekiel […]
Oranto Launches $500-Million Oil Exploration Campaign in South Sudan
Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the block today in Juba. The B3 area covers 25,150 square kilometers. Some aeromagnetic and seismic data have […]
The Germany-Africa Business Forum (GABF) adds former Benin President to roster of high-level speakers
The Germany-Africa Business Forum, the first ever privately held event exclusively dedicated to strengthening trade and investment ties between Germany and Africa, has confirmed the participation of former Benin President Thomas Boni Yayi at its Berlin conference on March 23, 2017. Mr. Boni Yayi, a banker and former politician, was Benin’s president between 2006 and […]
Third largest oil and gas producer in sub-Saharan Africa agrees to production cuts
The Ministry of Mines and Hydrocarbons of Equatorial Guinea announces that it has submitted its interest to join the Organization of Petroleum Exporting Countries (OPEC) in 2017. H.E. Gabriel Mbaga Obiang, Minister of Mines and Hydrocarbons, travelled to Vienna on January 20 to meet with OPEC officials and present the Government of Equatorial Guinea’s offer […]
MasterCard & UBA are Partnering Across 19 African Countries
Five year deal across 19 markets focused on driving financial inclusion in Africa.United Bank Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership which came into effect in the second quarter of 2016 will see UBA issue MasterCard […]
