MALABO,
Equatorial Guinea, March 5, 2020/ -- Equatorial Guinea’s Year of
Investment is adopting a new outreach strategy in light of the ongoing
global outbreak of the
coronavirus. The Ministry of Mines and
Hydrocarbons (MMH) has decided to postpone the Africa Oil &
Investment Forum (AOIF) and Exhibition planned on June 1
st to November 25
th and 26
th, 2020. The AOIF is then being merged with the Africa Economic Forum, set to take place in Malabo next November.
The
move is part of a revised strategy that will allow Equatorial Guinea to
maintain the pace of its engagement with global investors under its
Year of Investment while accommodating ongoing travel restrictions due
to the coronavirus.
“The investment outreach of Equatorial Guinea
remains in full swing, but we understand that the coronavirus outbreak
comes with increasing travel restrictions. As a result, we will continue
our negotiations with investors under a more targeted approach and keep
the number of conferences in Malabo to a minimum,” declared H.E.
Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons.
“We
are making tremendous progress on several projects being promoted under
the Year of Investment, whose final investment decisions and
ground-breaking ceremonies will all be announced at the end of the
year,” he added.
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