AGP Executive Report
Last update: 6 hours agoGovernment Shake-up: Equatorial Guinea’s entire cabinet has resigned after a performance review found it delivered only about 10% of set objectives, with the ruling PDGE citing corruption, delays in development projects, and weak economic diversification; Prime Minister Manuel Osa Nsue Nsua submitted the resignation, and President Teodoro Obiang Nguema Mbasogo is expected to appoint a new team. Oil & Gas Deal: Kosmos Energy has completed the sale of its non-operating interests in Block G assets (Ceiba Field and Okume Complex) to Panoro Energy, receiving about $127m at closing plus possible contingent payments tied to oil and production targets. Business Costs: A BEAC report says borrowing costs across CEMAC rose sharply in Q1 2026, with Equatorial Guinea’s average lending rate climbing from 15.64% to 17.44%, adding pressure on households, firms, and public institutions. Regional Trade/Policy: Equatorial Guinea’s vice prime minister attended Ghana’s Next Steps conference on reparatory justice after the UN resolution on transatlantic slavery, as leaders discuss apologies, restitution, and a global reparations fund.
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