DIPLOMATIC ECONOMY

By Precious John, Special Correspondent Minister of Mines and Hydrocarbons of Equatorial Guinea H.E. Gabriel Mbaga Obiang Lima met with Minister of State Petroleum Resources of Nigeria H.E. Timipre Sylva, at the presidential palace in Malabo intending to strengthen bilateral relations between the two countries. The meeting included a signing of a memorandum of understanding (MoU) which will consolidate new opportunities for the hydrocarbons sector for both countries and, allow the counterparts to collaborate on maritime piracy protection strategies as security remains a major concern for energy infrastructure, with attacks...

By Precious John, Special Correspondent Equatorial Guinea’s Head of State H.E. Teodoro Obiang Nguema Mbasogo officially inaugurated Cameroonian oil operator, Tradex’s first service station last week after nine months of construction work. The new filling station located in Malabo II was constructed by Equatoguinean company, Alammarin For Construction SL and has a storage capacity of 100,000 litres of fuel and 300 tanks of 12.5kg of butane gas. The launch of Tradex’s flagship filling station in the country signals its entrance into Equatorial Guinea’s petroleum products market and, forms part of...

By Ron Chen, Correspondent ASEAN Region To underscore the importance of the role of the private sector in sustainable development, job creation and promotion of investment and trade amongst Member Countries of the Islamic Development Bank (IsDB) Group , an Agency Agreement has been signed between IsDB and the Islamic Corporation for the Development of the Private Sector (ICD) to benefit from the IsDB Group Business Forum – THIQAH. The agreement signed between IsDB President, Dr. Bandar Hajjar, and ICD CEO, Ayman Sejiny, reaffirms THIQAH’s efforts to promote and attract...

By Josephine AKaerr, Special Correspondent The United Nations Industrial Development Organization (UNIDO) has organized the first peer learning session on the Programme for Country Partnership (PCP) for high-level representatives of current PCP countries and those interested in the PCP model. The session focused on stakeholder coordination, partnerships and resource mobilization, as well as the establishment of industrial parks as key to advancing inclusive and sustainable industrial development (ISID) within the framework of the PCP. During the session, UNIDO Director-General, LI Yong, stressed that "the most important elements of the PCP...