AGP Executive Report
Last update: 3 hours agoCFA Francs: From November 1, five older coin series will no longer be legal tender in Equatorial Guinea and the other CEMAC countries. Holders will have a one-year exchange period, though BEAC has yet to announce where or how to exchange them. Gas & LNG: Equatorial Guinea wants to turn Punta Europa into a regional gas-processing and LNG hub as Alba field output declines. Existing supply projects will not fill the plant’s capacity, making new sources—including cross-border gas—essential. Agriculture & Investment: Equatorial Guinea and Egypt agreed to cooperate on agriculture, aquaculture, tourism and culture at their first joint committee meeting, opening avenues for business links between the countries. Economic Activity: Equatorial Guinea contributed 0.2 percentage points to CEMAC’s 5.9% rise in economic activity in the second quarter, recovering from a decline in the first quarter. Local Content: An energy-sector veteran who began his career in Equatorial Guinea argues that building local skills and preparing people for industry roles are central to lasting benefits from oil and gas development.
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