AGP Executive Report
Last update: 12 minutes agoAviation Expansion: Akwa Ibom’s state airline Ibom Air took delivery of a new Airbus A220-300, lifting its active fleet to 10 aircraft and pushing it toward the 5 million passenger mark by end-September 2026; the carrier is also planning to add routes to Douala, Libreville and Malabo (Equatorial Guinea) as it targets 12 destinations and 15 routes by 2027. Telecom Rollout: Starlink launched satellite internet services in Equatorial Guinea after provisional authorisation in late July, with regulators set to assess the service before long-term market rules. Oil & Gas Investment: Europa Oil & Gas says it will drill the Barracuda-1 well offshore Equatorial Guinea in early 2027 after completing a farm-out for the EG-08 PSC, though the deal still awaits outbound investment approval in Beijing. Public Finance Watch: Equatorial Guinea recorded the highest participation rate in CEMAC Treasury bill auctions in July (41.6%), while Cameroon’s demand weakened as banks shifted to higher-yielding rivals. Trade Snapshot: Equatorial Guinea ranks among Africa’s top tobacco leaf importers, taking about 5.02% of the continent’s 2024 total.
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