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White Storm Capital, an Equatorial Guinean company with offi ces in Malabo, and Houston, Texas, specializes in assisting international businesses invest in Equatorial Guinea, across a wide range of sectors.
EG remains an as-yet relatively little known African country, still with a great deal of potential.
Following an era of socioeconomic development that was initiated by the discovery and commercialization of oil, Equatorial Guinea (EG) is now actively engaged in diversifying its growing economy.
This small African country, with a population of just over 1 million, and an area of 28,051 square kilometers, bordering Cameroon to the north, Gabon to the south and east, and the Gulf of Guinea to the west, is not only the third-largest oil producer in sub-Saharan Africa with a GDP per capita amongst the highest in the region, but also Western Africa’s newest most dynamic business hub. Oil wealth has wisely been, and continues to be, reinvested in business supporting sectors and hard and soft infrastructure including roads, airports, ports, schools, and hospitals. The existing infrastructure, combined with political and economic stability, ease of access to neighboring countries through membership in the CEMAC economic block, financial incentives, a successful track record of hosting some of Africa’s biggest events, and a range of regulatory reforms and government initiatives aimed at improving the business environment have noticeably enhanced the country’s appeal as a destination for foreign investment.
The industrial city of Mbini, when built, will serve as a special economic zone and will make registering businesses in EG even easier.
Bata, EG’s second largest city and former capital, is the gateway to the African mainland. Picturesquely set on the Gulf of Guinea’s coast, amongst lush jungles and sprawling beaches, it should be on every African traveler’s itinerary. Furthermore, its updated transportation infrastructure- highway network, port, airport, and a planned rail connection to industrial centers- make it an appealing choice for investors.
Today, Equitorial Guinea is already home to American, Swiss, British, Chinese, Spanish, Russian, French, Brazilian, and Japanese companies, and expects to attract many more foreign businesses in the near future.
With the aim of catalyzing EG’s socioeconomic development, the government has launched the Horizonte 2020 plan and earmarked over $1 billion of funds for projects, which are to be jointly executed with international partners.
The following have been identified as key economic sectors of the Horizonte 2020 plan: