AGP Executive Report
Last update: 10 hours agoGovernment Shake-Up: Equatorial Guinea’s entire cabinet resigned after a performance review found it delivered “barely 10%” of its targets, with Vice-President Teodoro Nguema Obiang Mangue citing corruption, delays in development projects, and weak economic diversification—setting up a likely cabinet reshuffle under President Teodoro Obiang Nguema Mbasogo. Energy & Investment: Kosmos Energy has completed the sale of its non-operating interests in Block G offshore Equatorial Guinea to Panoro Energy, including the Ceiba field and Okume Complex, with Panoro expecting the next crude lifting at the start of July. Regional Skills Funding: AFD and RIFFEAC signed a €5m (about CFA 3.3bn) financing deal for ADEFAC 2, expanding forestry and wood-processing training to include Equatorial Guinea over five years. Business Finance (Regional): Cameroonian billionaire Paul Fokam’s Afriland First Holding launched Africa Diamond Invest in Togo, a new securities and investment management firm aimed at building a regional investment platform across UEMOA. Policy & Governance Context: The week also saw Equatorial Guinea’s participation in broader international discussions on reparatory justice, with the country represented at Ghana’s Next Steps conference.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
