With a strong focus on African financing mechanisms that enhance both the oil and gas industry as well as the energy transition, Africa Energy Week (AEW) 2021 in Cape Town will be the platform where agreements regarding Africa’s energy future will be concluded. In pursuit of an African financing story, Equatorial Guinea’s Secretary of State for Planning to the Minister of Finance, Economy and Planning has pledged to visit Cape Town on the 9th.e-12e from November 2021. Joined by Miguel Luba Bahosi, Director General of Planning, and Nieves Andeme Engonga, Staff Representative, Okiri will promote the role of domestic financing, digitization and foreign investment in Africa’s energy future.

After serving as the Minister’s Secretary of State for Planning since April 2021, Okiri has made notable progress in strengthening Equatorial Guinea’s financial sector. Dedicated to improving national financial institutions and promoting the role that digitization will play in advancing Equatorial Guinea’s financial sector, Okiri is committed to promoting a sustainable and inclusive financial sector, with an emphasis on the cross-advantages of financial stability for the country’s emerging energy sector.

With significant developments in the energy sector in onshore and offshore areas, and in multiple sectors, including oil, gas and renewable energies, Equatorial Guinea is accelerating the expansion of its industry and positioning its financial sector for contribute to it. Projects such as the country’s Gas Mega Hub – a gas plan overseeing the development of several offshore gas facilities to monetize and exploit the country’s 1.5 trillion cubic feet of gas – the Punta Europa crude oil refinery and several green energy developments, attract significant levels of investment in the country. As a result, the Ministry of Finance, Economy and Planning aims to ensure that the country is ready to invest and is focused on building lasting partnerships with international financiers and stakeholders.

“The Equatorial Guinean financial delegation will contribute and lead the debate on the financing of Africa’s energy future. The country hosting a flag at AEW 2021 in Cape Town, Okiri, Bahosi and Engonga will help lead a solid discussion on Equatorial Guinean opportunities, positioning the country and its financial and energy sectors as enabling, proactive and ready for accelerated growth. By emphasizing the role of collaboration between these two ministries, Okiri will promote integration and unity as key drivers of growth in the energy sector, ”said Leoncio Amada NZE, executive chairman of the CEMAC region, the African Energy Chamber (AEC).

The financial delegation of Equatorial Guinea is committed to intensify investments in the country, to promote partnerships, regional collaboration and multilateral financing mechanisms in the development of the energy sector. With the aim of strengthening national and institutional capacities, the delegation will not only promote Equatorial Guinea’s opportunities and achievements in Cape Town, but will also share challenges, solutions and future plans.

AEW 2021, in partnership with the South African Ministry of Mineral Resources and Energy DMRE, is the AECannual conference, exhibition and networking event. AEW 2021 brings together African energy players with international investors and partners to drive industry growth and development and promote Africa as a destination for energy investments.

Distributed by APO Group on behalf of the African Chamber of Energy.

For more information on Africa’s premier energy event, please visit www.AEW2021.com or www.EnergyChamber.org and / or contact Amina Williams directly at [email protected]

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Equatorial Guinea’s Secretary of State for Planning to lead strong financial delegation to African Energy Week in Cape Town
African Energy Chamber

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