AGP Executive Report
Last update: 6 hours agoAfCFTA Implementation Push (Gabon): AfCFTA Secretary-General Wamkele Mene sealed an implementation partnership with Gabon during a high-level Malabo-area push, aiming to turn industrial and export potential into real access to the single continental market. Equatorial Guinea Governance Shock: Equatorial Guinea’s entire cabinet resigned after a performance review reportedly found only about 10% target delivery, with officials citing corruption, stalled development projects and weak economic diversification—setting up a likely cabinet reshuffle. Oil & Gas Deal Update (Equatorial Guinea): Europa Oil & Gas extended the longstop date for its EG-08 farm-out completion to July 31, 2026 while awaiting final Chinese ODI approval; separately, Panoro Energy completed its acquisition of Kosmos’ Block G production interests after CEMAC clearance. Maritime/Legal Watch: An ITLOS ruling in the M/T Heroic Idun (No. 2) case awarded the highest-ever damages against Equatorial Guinea, a signal for shipowners and flag states on anti-piracy detention limits. Regional Trade & Skills Funding: AFD backed ADEFAC 2 with €5m (CFA 3.3bn) to strengthen forestry and wood-processing training across Central Africa, including Equatorial Guinea.
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