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Equatorial Guinea would welcome investments from Russian companies, especially in the mining industry. This assurance was given by President Teodoro Obiang Nguema Mbasogo in Moscow during talks with Russian President Vladimir Putin.
Equatorial Guinea would welcome investments from Russian companies, especially in the mining industry. This assurance was given by President Teodoro Obiang Nguema Mbasogo in Moscow during talks with Russian President Vladimir Putin.
According to Putin, Russia and Equatorial Guinea have many overlapping mutual interests as Russian companies are seriously interested in working in Africa in general and Equatorial Guinea in particular as investment opportunities are plenty in the region. He also referred to Russia’s interests in the extraction of minerals from Africa, which could be a win-win situation for both regions. are large.
Obiang Nguema Mbasogo spoke about plans to boost defense and economic cooperation relations with Russia and underscored that Russian investments would be welcome in all sectors including in the mineral sector. The opening of Russia’s embassy in the central African country, before the end of the year, would be a welcome step, he said, adding that it was expected to contribute to the rapid growth of cooperation between the two nations.
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Equatorial Guinea’s president is the longest-serving president of any country ever. Nguema Mbasogo currently heads the Economic Community of Central African States (ECCAS). The regional bloc includes members such as Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, Gabon, and São Tomé and Principe.
