Different studies and diagnoses reveal that Equatorial Guinea has a high potential for the development of agricultural production, with a favourable climate for all kinds of tropical and subtropical crops, fertile soil, favourable rainfall, and abundant water reserves and rivers.
Crops currently produced in Equatorial Guinea include, among others: cassava, peanuts, banana and plantain, sugar cane, taro, palm oil, citrus fruit, avocado, mango, atanga, pineapple, cereals such as corn, vegetables, tomatoes, onions, sweet potatoes, cucumbers, lettuce, peppers, eggplants and forage crops.
Areas of investment opportunities include:
– Production and processing of cocoa and coffee
– Fruit and vegetable production<
– Processing and canning of juices
– Production and processing of palm oil
– Plantation production and processing of coconuts
– Soap manufacturing
– Fertilizer manufacturing
– Production and processing of cassava
– Production and processing of sugar cane
– Salt refineries
The agricultural sector provides exceptional opportunities to develop small local initiatives for industrialization based on cooperatives.
Animal production includes chickens, ducks, pigs, goats, sheep, rabbits and guinea pigs. Areas of investment opportunities include:
– Slaughter & Vaccination centre
– National Animal Insemination centre
– Integral swine production
– Integral broiler production
– Integral livestock production
– Integral egg production
The Wood industry is also blossoming and is currently under scrutiny and development phase. Opportunities and areas of investment are:
– Mobile sawmills
– Round wood processing
– Industrial wood processing
– Pulp and paper production.
Fisheries / Aquaculture
Equatorial Guinea has vast maritime exposure. Longer at sea than on the mainland, it has 28,051.46km of land area, 314,000km2 of exclusive economic zone (EEZ) and 644km of coastline. This geography, as well as the structure of its marine sector and a well-developed river network, provides the country with an abundant variety of fish stocks.
Equatorial Guinea is ready to utilize these resources and develop its fishing industry in order to supply the domestic market, transform the country into a regional leader of marine production and marketing, and become the main supplier of fish products for the sub-region.
Data based on marine production over the past few decades indicates that the fishery resources in Equatorial Guinea have an annual production potential of around 75,000 tons.
Despite this data, however, there is a continued need to conduct studies to ensure the latest information is available on fishery resources in Equatorial Guinea, including identifying new fishing grounds. There are exceptional opportunities to develop the salted fish industry, to increase fish farming and to create centres of transformation and conservation of fishery products, as well as to train human resources in the sector. In this regard, there is the need to invest in suitable land infrastructure for packaging, processing and storage of fishery products.
Opportunities and areas of investment are:
– Building fishing ports
– Development of aquaculture in salt & fresh waters
– Fishing production project with Sonapesca and supply of fishing vessels
– Sea products transformation plant
– Artisanal fisheries
– Assembly and repair of nets and gear.
Petrochemicals and Mining
Equatorial Guinea is the top oil supplier for the CEMAC region and the third largest supplier for all of Africa. According to the BP Statistical Review of World Energy, Equatorial Guinea has 1.7 billion barrels of proven oil reserves and a reserve to production ratio of 16.5. Revenue from this oil industry has enabled substantial growth over the last decade. Now, Equatorial Guinea is moving to develop its entire petrochemical value chain and is working with the private sector to create a highly developed and vertically integrated domestic industry.
But even with Equatorial Guinea’s tremendous successes in the oil industry over the last decade, areas remain to be explored in detail. Further, large volumes of gas provide considerable prospects for future growth.
In the last decade studies have shown evidence of significant gold, diamond, bauxite, tin, tungsten and coltan deposits throughout the country. Equatorial Guinea is now working to improve the business climate for mining companies and investors by developing comprehensive and streamlined regulation for its mining and mineral processing industry.
Area and opportunities of investment are mainly in petrochemicals in order to build a paint and plastics factory in the medium term.