Equatorial Guinea Archives - AfricaBusiness.com

16Feb

By Pablo MitogoNo Comments

Equatorial Guinea, Main

Reduction Of Personnel For Economic Reasons Vs Suspension Of Employment Contracts: Why Are Companies In Equatorial Guinea Spending Money In Times Of Crisis?

By Pablo Mitogo, Associate Attorney, Centurion Law Group Since the outbreak of COVID-19, many countries have been overwhelmed and the health systems of the most powerful countries have collapsed. The wave of chaos has also reached companies, especially in small economies such as Equatorial Guinea. Many companies have seen their volume of activity decrease drastically, with subsequent cost reductions. The question remains how does a company reduce costs without drowning the company? In recent months we have seen many processes of reduction of employee workforce. Careful observation revealed that companies that reduced workforce for economic reasons suffered penalties of 30 days of salary per year of work for each worker. Consequently, they increased costs rather...

9Aug

By Otavio VerasNo Comments

Chad News, Equatorial Guinea, Main, Nigeria News

Rex Tillerson, ExxonMobil and Africa: What to expect

Otavio Veras, Research Associate of the NTU-SBF Centre for African Studies Synopsis In the wake of controversial picks for Trump’s cabinet, the spotlight turns to his appointed choice for Secretary of State, the highest diplomatic rank in the United States government. After a brief interlude with Mitt Romney, which would certainly be a favourite pick among Republicans, Donald Trump showed that he would continue with his anti-establishment agenda and decided instead to recommend Rex Tillerson for the role. Rex Tillerson is an experienced executive of the Oil and Gas industry. Having worked at ExxonMobil for 41 years, Tillerson rose from a production engineer role, when he joined the company in 1975, to vice-president of ExxonMobil by 1999, and finally to chairman and CEO by 2006. Tillers...

6Nov

By The African Press OrganizationNo Comments

African News, Equatorial Guinea

American Businessman Talks About Investment In Equatorial Guinea

More than 25,000 Americans Work in Equatorial Guinea Today MALABO, Equatorial Guinea, Nov., 2012 /PRNewswire-USNewswire/ — Investing in Equatorial Guinea is a flexible and friendly process, according to American businessman John James. In a recent interview with Focus Washington, John James, founder and chairman of JD James & Company, an advisory firm serving governments, government sponsored enterprises and the global private sector in West and Central Africa, said that Equatorial Guinea offers more flexibility to establish a business than other African countries because the government has deeply focused on the country’s development. James has lived and worked in Africa for more than ten years. James said that Equatorial Guinea is one of the most dynamic stories in Afric...

17Oct

By Africa BusinessNo Comments

African News, Equatorial Guinea

Equatorial Guinea Calls For Closer U.S. Cultural And Business Ties

President Obiang highlights importance of American investment in driving Equatorial Guinea's economic growth. International Leadership Conference unites African leaders with African diaspora. MALABO, Equatorial Guinea, Oct. 17, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinean President Obiang Nguema Mbasogo called this week for a strengthening of commercial ties and cultural exchanges with the United States—and particularly with African-Americans—as a key to Africa's development. He made the remarks at the opening of the International Leadership Conference, co-sponsored by Equatorial Guinea, GB Energy and the World Mayors Conference, which is taking place in the Sipopo Conference Center of the capital city of Malabo from October 15-20. "This meeting is an opportunity for the ...

17Oct

By Africa BusinessNo Comments

African News, Equatorial Guinea

Equatorial Guinea Official Statement On International Arrest Warrant For Daniel Lebegue

MALABO, Equatorial Guinea, Oct. 17, 2012 /PRNewswire-USNewswire/ -- The government of Equatorial Guinea has issued an official statement regarding the international arrest warrant received by INTERPOL for the detention of Daniel Lebegue . A full text of the government's statement follows: The Justice System of Equatorial Guinea informs the national and international public that on today's date, Tuesday, October 16 of the current year, the International Criminal Police Organization, more commonly known as Interpol, and the Security Forces of the Equatoguinean State have received an Arrest Warrant for the French citizen Daniel Lebegue . This decision comes as a result of the evidence scrutinized by the justice system that Mr. Lebegue has been hiding under the guise of a busi...

13Oct

By Africa BusinessNo Comments

African News, Equatorial Guinea

Equatorial Guinea Gives US$30 Million To FAO For Food Aid In Africa

Equatorial Guinea Gives US$30 Million To FAO For Food Aid In Africa Equatorial Guinea joins the fight to end hunger in Africa MALABO, Equatorial Guinea , Oct. 12, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea has offered US$30 million to the Food and Agriculture Organization of the United Nations (FAO) to assist African countries with food shortages and improve food security across the continent. The donation comes after a meeting between the President of Equatorial Guineaand Jose Graziano Da Silva , Director-General of the United Nations Food and Agriculture Organization at the 67th United Nations General Assembly in September. "We believe that with this contribution, the FAO will advance plans to end hunger in Africa ," said President Obiang Nguema Mbasogo. The remarks wer...

13Oct

By Africa BusinessNo Comments

African News, Equatorial Guinea

Equatorial Guinea Inaugurates New High-Capacity Power Plant In Djibloho

Entire country now has access to electrical power. MALABO, Equatorial Guinea , Oct., 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea has inaugurated a new electricity plant in the city of Djibloho that forms the final major element in its plan to extend electrical power to the entire nation. President Obiang Nguema Mbasogo dedicated the plant in an official ceremony on October 11 . "The importance of this project is to ensure a better life for all of our citizens […]," President Obiang stated at the ceremony. "Today we are going to overcome a challenge, electricity for everything, energy for everyone; some took it as an impossible deed, but today Equatorial Guinea now has energy for all of its citizens." The Djibloho Hydroelectric and Distribution Plant is one of the nation's...

13Oct

By Africa BusinessNo Comments

Africa Travel, African News, Equatorial Guinea

Equatorial Guinea Tourism Portal Launched in NYC

New York, NY, October 13, 2012 --(PR.com)-- GC Media is the communications partner for Goree Challenge IV. “The facebook page is designed to bring the Spirit of Malabo to the world”, said Victor Mooney of US based South African Arts International (SAAI). The site will provide an opportunity for the public to see the cultural wonders and opportunities in this majestic country. Booking tours to Equatorial Guinea will be offered for individuals, schools, associations and business groups with a strategic itinerary to meet your objectives. In addition to offering bookings for tourism, businesses have a low cost opportunity to advertise their services on this portal. For U.S. passport holders, no visa is necessary. In celebration of the 44th Anniversary of the...

10Oct

By Africa BusinessNo Comments

African News, Equatorial Guinea

Equatorial Guinea Airline Inaugurates Service To Europe

Ceiba Intercontinental Adds Malabo – Madrid Route MALABO, Equatorial Guinea, Oct., 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea's national airline, Ceiba Intercontinental, made its historic first intercontinental flight on October 4 from Malabo, Equatorial Guinea, to Madrid. Ceiba will service the route with a newly acquired Boeing 777 aircraft. The Ministry of Civil Aviation of Equatorial Guinea purchased the aircraft as the first step in the government's efforts to meet the growing demand for air service to the country and support its growing economy. "Flying to Madrid from Malabo, on board an aircraft of this type and owned by Equatorial Guinea, is a dream come true," said Fausto Abeso Fuma, Delegate Minister of Aviation. Upon his arrival in Spain on the inaugural fligh...

17Jul

By AfricaBusiness.comNo Comments

African News, Botswana News, Equatorial Guinea

Equatorial Guinea Leads Africa In Per Capita Health Investment

Improvement of public health and health infrastructure is a national priority in Equatorial Guinea. MALABO, Equatorial Guinea, July, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea and Botswana lead Africa in per capita investments in health care, according to a World Health Organization (WHO) report, but the gap in spending between Africa and the rest of the world is still a concern. The statistics are from the WHO's 2012 Health Financing and Health MDGs (Millennium Development Goals) Scorecard and Africa's first Multi Year Health Financing Trends Analysis. The surveys show Equatorial Guinea's per capita annual spending at $612 and Botswana's at $442. The survey results were presented by Rotimi Sankore to the WHO's Joint Conference of Finance and Health Ministers, which met in Tunis Ju...