AGP Executive Report
Last update: 3 hours agoOACPS Governance & Finance: OACPS ministers meeting in Brussels adopted decisions to push the Malabo Declaration, update the contributions formula (7% ceiling, 0.2% floor), plan diaspora engagement (a centre of excellence in Nigeria), and prepare the next Council session, alongside debt waivers for Somalia, Sudan and Cuba. Equatorial Guinea Energy: Chevron secured an agreement to transport natural gas from Block I to the Punta Europa complex in Malabo, aiming to improve gas use, cut flaring and support local jobs. Regional Trade & Infrastructure: Cameroon advanced studies for rehabilitating the Ebolowa–Ambam highway, a key corridor linking to Equatorial Guinea for moving agricultural goods and timber. CEMAC Banking Oversight: Cameroon’s CDEC renewed its challenge to a CEMAC regulation that would bring parts of its activities under COBAC supervision, arguing the matter is already before the CEMAC Court. Digital Infrastructure: Equatorial Guinea partners with Huawei to boost digital infrastructure. Health & Social Impact: WHO data points to high suicide rates across Southern Africa, with Equatorial Guinea listed among the top ten on the continent. Business/Finance Elsewhere in the Region: Afriland First Bank opened in the Central African Republic, targeting low banking penetration and aiming to grow deposits.
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