South African Companies Explore Business Opportunities In Equatorial Guinea

Feb 05, 2013, 14:29 ET from The Republic of Equatorial Guinea

Delegation promotes bilateral trade and investment

MALABO, Equatorial Guinea, Feb. 5, 2013 /PRNewswire-USNewswire/ -- South Africa's Vice Minister of Commerce and Industry, Elizabeth Thabethe, brought a South African delegation to Equatorial Guinea this week to explore business opportunities and enhance bilateral relations.

There are a total of 13 representatives from various South African companies participating in the delegation. The group arrived Monday, February 4, 2013 and will be leaving Friday, February 8, 2013.

"This mission will be taking place within the context of South Africa's strategic engagement with the rest of the continent, aimed at supporting Africa's economic revival, socioeconomic development and promoting intra-Africa trade," Thabethe said.

Over the course of the week, the delegates will meet with Equatorial Guinean business representatives and participate in a trade and investment seminar. According to an article in The New Age the program will specifically focus on sectors such as agro-processing, infrastructure, electro-technical and capital and mining equipment.

President Obiang has recently been working to enhance cooperation between African countries in a variety of sectors. In 2011, President Obiang Nguema Mbasogo visited South Africa to improve trade and investment relations. The exchange reflects growing cooperation between African countries, specifically Equatorial Guinea and South Africa.

About Equatorial Guinea

The Republic of Equatorial Guinea (Republica de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country hosted the 2011 Summit of the African Union. For more information, visit http://www.guineaecuatorialpress.com.

SOURCE The Republic of Equatorial Guinea