MALABO, EQUATORIAL GUINEA - EQS - September 9th,2019 - The Government of Equatorial Guinea,represented by the Ministry of Economy, Finance and Planning (https://bit.ly/2lJ4Mqo),has concluded a successful mission at the 28th World Economic Forum (WEF) onAfrica, which was held last week in Cape Town, South Africa. H.E. MinisterCesar Mba Abogo led a team of officials that joined more than 1,500 regionaland global leaders to discuss how innovation, cooperation, growth and stabilitycan help drive a sustainable future for Africa. He also touted favorableeconomic indicators in Equatorial Guinea and ongoing efforts to strengthenregional trade and stabilize Central Africa ' s currency, the CFA.

" Equatorial Guinea ' s presence at theWorld Economic Forum, provided a great opportunity to advance our country ' s economic interests,engaging investors and strategic development partners, " the Minister said.

" The macro-economic indicators for EquatorialGuinea and the wider CEMAC region look very positive thanks to a stable oilprice and major fiscal adjustments that have improved our ability to mobilizeresources, " added the Minister. " We are creating valuefor our citizens that is of huge financial benefit for us. Equatorial Guinea iscollecting more taxes and royalties that is showing a full recovery since theoil price collapse of 2014. "

AtWEF Africa, the Minister outlined the country ' s roadmap toaccomplish the Fourth Industrial Revolution. He also touted the success of thethree investment conferences being hosted in Equatorial Guinea this year, aswell as the improving ease of doing business in the country and historicefforts to increase the availability of accurate and up-to-date statistics onthe country and its economy. The Minister also discussed the importance ofEquatorial Guinea ' s membership in OPEC, whose historic oilproduction cuts have been credited with stabilizing oil prices and returningthe industry to a new phase of investment.

" We cannot overstate the enormous value thatbelonging to OPEC has for Equatorial Guinea, " the Minister said. " For countries likeours which depend on oil revenues to fuel economic growth, it is vital that wehave a voice in organizations that enable us to have a global impact and helpus control our own destiny. "

"Withthe signing of the AfCFTA and the need to develop a stronger middle class andmove people out of poverty, Equatorial Guinea is going to be more competitive,and more resourceful than ever, " the Minister concluded. " When we collaboratewith our investors, we will create more jobs for our citizens and accomplishour goal of building a country where everyone benefits from the growth wecreate together."

TheCo-Chairs of the 2019 World Economic on Africa are Ellen Agler, Chief ExecutiveOfficer, The END Fund, USA; Jeremy Farrar, Director, Wellcome Trust, UnitedKingdom; Arancha Gonzalez Laya, Executive Director, International Trade Centre(ITC), Geneva; Andr é Hoffmann, Vice-Chairman, Roche, Switzerland;Alex Liu, Managing Partner and Chairman, A. T. Kearney, USA; and Sipho M.Pityana, Chairman, AngloGold Ashanti, South Africa.

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