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SOURCE Republic of Equatorial Guinea
Country prepares to host Economic Forum in Washington, D.C.
MALABO, Equatorial Guinea, Aug. 5, 2014 /PRNewswire-USNewswire/ -- Equatorial Guinea's president, Obiang Nguema Mbasogo, attended the U.S-Africa business forum hosted by Bloomberg Philanthropies and the U.S Department of Commerce as part of the U.S.-Africa Leaders Summit taking place in Washington, D.C. this week.
The business forum brought African and U.S. leaders together to participate in the following sessions: expanding opportunities, the new era for business in Africa; open markets, financing the Africa of tomorrow; powering Africa, leading developments in infrastructure; and game plan, shaping the future of a fast-growing continent. U.S. President Obama will close the forum, which is being held at the Mandarin Oriental Hotel. This afternoon President Obiang will join his counterparts at a dinner at the White House in honor of the U.S.-Africa leaders summit.
The Equatorial Guinea delegation is preparing to host an economic forum on Friday, August 8th, aimed at providing insight on the country's investment opportunities. The Ministry of Mines, Industry and Energy has guided the development of Equatorial Guinea's oil and gas resources from a production of 5,000 barrels of oil per day (bopd) in 1992 to 270,000 bopd in 2013. Minister Gabriel Mbaga Obiang Lima will describe efforts to broaden economic development at the forum.
Tomorrow, President Obiang and the Equatorial Guinea delegation will participate in the leaders session of the U.S.-Africa Leaders Summit to take place at the U.S. State Department.
While in Washington, D.C., President Obiang joined African leaders at a welcome reception held at the Russell Senate Office Building. He also participated in a U.S.-Africa CEO business forum dinner.
About Equatorial Guinea
The Republic of Equatorial Guinea (República 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.
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