AGP Executive Report
Last update: 10 hours agoDiplomatic Moves: Belarus has registered a resolution to close its embassy in Equatorial Guinea, with the country currently represented only by a chargé d’affaires. Government Performance & Cabinet: Equatorial Guinea’s entire cabinet resigned after missing performance targets, with the vice president citing target fulfilment of barely 10 percent. Energy & Investment: Europa Oil & Gas extended the longstop for its EG-08 farm-out completion to July 31, 2026, pending final regulatory approval in China; the deal would keep Antler as operator with GEPetrol holding the remaining 20%. Regional Trade & Skills: AFD and RIFFEAC signed a €5m (about CFA 3.3bn) financing deal to expand forestry and wood-processing training across Central Africa, now including Equatorial Guinea. International Ties: Venezuela and Equatorial Guinea strengthened strategic cooperation in energy and commercial development, including plans for Venezuela’s Energy Week in Caracas. Governance Context: A wider debate on ministerial accountability and performance targets is gaining traction across Africa, with Equatorial Guinea’s cabinet resignation cited as a sharp example.
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