AGP Executive Report
Last update: 5 hours agoEconomic Outlook: The World Bank says Equatorial Guinea’s economy contracted 5.8% in 2025 and could shrink by about 1% a year in 2026 and 2027 as oil and gas output falls. It urges the country to build jobs beyond hydrocarbons by supporting private businesses and expanding opportunities for women and young people. Gas Strategy: Equatorial Guinea is among the producers featured in a planned Gas Exporting Countries Forum roundtable on cooperation, investment and LNG markets, as African exports are forecast to grow over the coming decades. Offshore Activity: Transocean says its Deepwater Conqueror secured a two-well contract with an undisclosed operator in Equatorial Guinea. Kosmos Energy reported third-quarter production of about 69,200 barrels of oil equivalent per day, up 6% year on year, or 17% excluding Equatorial Guinea. CEMAC Currency: Old CFA franc coins lost legal tender status across the region on November 1, including in Equatorial Guinea. Banks, microfinance institutions and BEAC counters will exchange them through July 31, 2027; BEAC alone will handle exchanges until October 31, 2027.
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