Malabo, 2 October 2019: In light of the success of the Year of Energy 2019, an initiative of the Republic of Equatorial Guinea which is seeing the organization of several high-level investment conferences and roadshows in Malabo and internationally this year, the country will be continuing its outreach to global investors with the Year of Investment 2020.
Supported by the African Energy Chamber, the Year of Investment 2020
is an initiative of the Ministry of Mines and Hydrocarbons (MMH) to pursue
Equatorial Guinea’s agenda of energy cooperation and investment, and see the
signing of several landmark energy deals for Equatorial Guinea in 2020.
Both parties have agreed to work together on the rolling out of this
new initiative throughout the signing of a Memorandum of Understanding on the
sidelines of the Oil & Gas Meeting Day in Malabo this week.
“Equatorial Guinea not only offers numerous investment opportunities
in oil, natural gas and minerals, but its leadership understands the need to be
pro-active in promoting investment and reaching out to global energy
stakeholders,” declared Jude Kearney, former Deputy Assistant Secretary for
Service Industries and Finance at the U.S. Department of Commerce during the
Clinton Administration and currently President of Kearney Africa Advisors.
“The signing of this agreement with the Ministry of Mines and
Hydrocarbons demonstrates the long history of cooperation between the Chamber
and the MMH and our belief that Equatorial Guinea remains one of Africa’s most
competitive energy frontiers.”
“We are going to work with our traditional partners in Africa,
Europe, United States and Asia to do deals that meet our country’s pro growth
agenda. Our market driven policies and enabling environment works better with
investment into our country” said H.E. Gabriel Mbaga Obiang Lima, Minister of
Mines and Hydrocarbons. “Our goal with the Year of Investment 2020 is to work
in attracting investment that will diversify our economy, boost
entrepreneurship, generate profit for investors and create jobs for our
Through their cooperation, the MMH and the Chamber will be
programming and organizing several deal making events and roadshows throughout
2020 to showcase the best investment opportunities that Equatorial Guinea has