SA seeks business opportunities in Equatorial Guinea

A delegation of South African business representatives is visiting Equatorial Guinea to explore business opportunities in the country.

The delegation, headed by South Africa's Deputy Minister of Commerce and Industry, Elizabeth Thabethe, includes representatives from the infrastructure, electro-technical and capital and mining equipment sectors.

During their visit this week, they will meet with Equatorial Guinean business representatives and participate in a trade and investment seminar.

Thabethe said the visit was a follow-up to a state visit by President Teodore Nguema Mbasogo to South Africa in 2011 where the two countries sought to establish and strengthen bilateral ties.

“This mission will be taking place within the context of South Africa’s strategic engagement with the rest of the continent, aimed at supporting Africa’s economic revival, socioeconomic development and promoting intra-Africa trade. It will also expose South African companies to export and investment opportunities in Equatorial Guinea and allow South African companies an opportunity to interface with their counterparts in Equatorial Guinea in an endeavour to forge partnerships and joint ventures,” said Thabethe. 

 “I am confident that at the completion of this mission we will have achieved our objective of increasing our exports to Equatorial Guinea, we will have obtained sufficient market intelligence and we will have fostered prosperous economic ties with the country,” concluded Thabethe.

Equatorial Guinea’s Minister of Trade and Business, Bakale Celestino Bonifacio highlighted the country’s stable business climate and the opportunities it presented to investors.

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