Equatorial Guinea – KMAUPDATES

Aug302020 by KMA UpdatesNo Comments

Coronavirus – Equatorial Guinea: COVID-19 Situation Report

Uncategorized

NEW YORK, United States of Americ -- Situation Overview and Humanitarian Needs The COVID-19 pandemic currently affects more than 188 countries including all African countries. As of 24 August 2020, there were 23,057,288 positive cases, and 800,906 deaths worldwide, out of which only around 1,000,379 persons (4%) were COVID-19 positive and 20,321 (3%) deaths were in the African continent according to WHO’s situation report. Equatorial Guinea confirmed its first COVID-19 case on 14 March 2020. As of 18 August 2020, the country has reported a total of 4,892 confirmed COVID19 cases with evidence of local transmissions in both insular and continental regions. To date, 2,713 patients have recovered while there are 83 deaths. 136 cases have been repatriated. Download Report:https://bit.ly/...

Jul302020 by KMA UpdatesNo Comments

Senegal, Equatorial Guinea set to discuss post-Covid-Investments in Africa with Germany’s Private Sector at Germany Africa Business Forum (GABF) Webinar

INTERNATIONAL

BERLIN, Germany, July 30, 2020/ -- The Germany Africa Business Forum (GABF) is organizing an exclusive webinar on the topic "Business in Africa after Covid-19" on August 6th, 2020, at 16:00 Central European Time. The high-level panel will be expanded with an opening speech by the Minister of Mines & Hydrocarbons of Equatorial Guinea, H.E. Gabriel M. Obiang Lima. "We are proud to announce that H.E. Gabriel M. Obiang Lima, a true champion of German-African relations, will be enriching our webinar. We are excited that through his expertise and leadership, His Excellency Obiang Lima will bring fresh perspectives to the discussion", said Sebastian Wagner, co-founder of the GABF.Further, the GABF is happy to confirm the participation of Senegal’s Director General for Cooperation & Fi...

Jul132020 by KMA UpdatesNo Comments

African Energy Chamber Salutes the Bank of Central African States (BEAC)’s Authorization to Open Foreign Currency-labelled Escrow Accounts

AFRICA

MALABO, Equatorial Guinea, July 13, 2020 -- In its Ordinary Meeting held on July 2nd, 2020, the Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts by petroleum and mining operators. The authorization was given within the implementation framework of key dispositions of Regulation No. 02/18/CEMAC/UMAC pertaining to foreign currency exchanges within the CEMAC region. The African Energy Chamber wishes to salute such pragmatism and notes the BEAC’s willingness to offer the best enabling environment for the oil & gas industry in the wake of the ongoing crisis. Earlier this year, the Chamber had joined several industry stakeholders in calling on the BEAC to relax its currency controls rules adopted in June 2019. ...

Jun242020 by KMA UpdatesNo Comments

Equatorial Guinea adopts New Petroleum Regulation

AFRICA

MALABO, Equatorial Guinea, June 24, 2020/ -- The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea has announced the adoption of the new Regulation of Petroleum Operations, Regulation No. 2/2020 of June 15th, 2020. The new Regulation modernizes Equatorial Guinea’s existing regulatory framework and is intended to maintain the country’s attractiveness for foreign investors. It notably covers key matters such as the extension of the productive life of mature fields though mechanisms allowing operators to generate greater value from these assets; the exploration of marginal and onshore fields along with investments in deep and ultra deep water acreages; the monetization of gas and the development of the petrochemicals industry, along with further integration of ...

Jun192020 by KMA UpdatesNo Comments

Legal Alert: Understanding the DOs and DONTs of Equatorial Guinea’s Deconfinement Measures

AFRICA

MALABO, Equatorial Guinea, June 19, 2020/ -- Decree N°45/2020 dated June 15th, 2020 has eased the sanitary emergency and the confinement measures adopted to fight against Covid-19 in Equatorial Guinea. Here is what you need to know. The Government of Equatorial Guinea decided on June 15th, 2020 to ease the sanitary emergency and reduce the containment measures which had been in force since since March 2020.Such measures notably include: Total freedom of movement of people only in the major capitals of the country, namely Malabo and Bata. For other localities in the country, freedom of movement will only be effective within the territorial limits of localities,The de-confinement process will be carried out in four (4) phases,The technical committee handling the country’s response to ...

Mar92020 by ShafiqNo Comments

AFRICA: Centurion Law Group in Equatorial Guinea to operate under New Local Partnership.

AFRICA

MALABO, Equatorial Guinea, March 9, 2020/ -- Mr. Cosby Manuel Oliveira Toichoa, Associate; Mr. Anselmo Santiago Eworo Milam, Associate; and Mr. Santiago Olo Lima, Director of Equatorial Guinea, have acquired the operations of the Centurion Law Group (www.CenturionLG.com) in Equatorial Guinea and will be running the practice as a 100% local entity.Under this new operational model, Manuel, Anselmo and Santiago are becoming full shareholders of Centurion Law Group in Equatorial Guinea, and legal directors of the company. “As the firm grows, we truly believe that giving our most experienced and local employees leadership is the right way to ensure that Centurion remains a leading practice in Equatorial Guinea and keeps attracting the best legal talent,” stated Nj Ayuk, CEO of the ...

Feb62020 by ShafiqNo Comments

HEALTH: Equatorial Guinea donates $2m to China to help combat coronavirus.

HEALTH, INTERNATIONAL

The government of Equatorial Guinea has announced a solidarity contribution of $2 million to China over the rampaging coronavirus outbreak. The decision was reached after a cabinet meeting this week. It was chaired by President Obiang Nguema Mbasogo. The cabinet also expressed solidarity and support for the Chinese government. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons said about the gesture: “China has always been a very strong and loyal supporter of the Republic of Equatorial Guinea and this contribution is a demonstration that Equatorial Guinea stands in solidarity with China and its people as it fights a global outbreak that has already cost too many lives.” “Our ongoing Year of Investment Initiative will be a testimony to the depth of our cooper...

Jan222020 by ShafiqNo Comments

UGANDA: Lumumba invites Opposition leaders to NRM meeting

AFRICA

A statement by the NRM senior communications officer, Rogers Mulindwa, said those invited include chairpersons or presidents and secretary generals of Forum for Democratic Change, Democratic Party, Justice Forum and Uganda People’s Conference. “She said her decision to invite these sister Political Parties follows a cordial working relationship amongst them under Inter-party Organisation for Dialogue (IPOD),” Mulindwa said. Mulindwa added that the SG was optimistic the Opposition leaders would honour the invitation. The party has also invited several political parties from South Sudan, China, Mozambique, Equatorial Guinea, Kenya, Burundi, Tanzania and Namibia to attend the conference. NRM is set to hold its national conference at the Mandela ...

Jan202020 by ShafiqNo Comments

AFRICA: Equatorial Guinea Speeds Up Year of Investment Drive with Nigerian Investors

AFRICA

The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith BankMALABO, Equatorial Guinea, January 20, 2020/ -- In line with its commitment to attract regional capital investment into the country, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, met with high-level Nigerian investors, bankers and financiers to discuss the opportunities offered by the country’s Year of Investment initiative.The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith Bank but also captains of the industry such as Simbi Wabote, Executive Secreta...