What is holding Equatorial Guinea?
In , the government established Holding Equatorial Guinea (HOLDING G.E.) to manage a $1.6 million investment fund created to finance its joint ventures with private companies in sectors identified as key to its economic diversification strategy.
Who owns Equatorial Guinea's oil & gas industry?
U.S. companies dominate Equatorial Guinea’s oil and gas sector, European companies are present in fuel distribution, while Chinese, Middle Eastern, and European companies dominate investment in the country’s construction sector.
What are Equatorial Guinea's accounting standards?
As a member country of the Organization for the Harmonization of Business Law in Africa (OHADA), Equatorial Guinea’s accounting standards are governed by the organization’s uniform act on accounting law and financial information (AUDCIF).
Does the DFC have any projects in Equatorial Guinea?
The DFC does not have any active projects in Equatorial Guinea, but there is potential for DFC programs to support investments in infrastructure (including water and power), telecommunications, agriculture, petrochemicals, and other industries. 13. Foreign Direct Investment Statistics
Does Equatorial Guinea have a National Investment Commission (NIC)?
These laws also create a National Investment Commission (NIC). In the same vein, Equatorial Guinea also guarantees currency convertibility and repatriation of profits and protects against expropriation.
What is the investment climate in Equatorial Guinea?
The investment climate in Equatorial Guinea reflects a lack of clear rules and regulations to establish and run a business, a lack of investment in critical infrastructure like power generation, and a lack of follow-through on high-level commitments to economic diversification or increased transparency.
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When you think of cutting-edge energy storage, your mind might jump to Silicon Valley or Berlin. But let’s talk about Malabo —the coastal capital of Equatorial Guinea—and its surprising leap
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