Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: Obiang Recovers Former Minister to Re-launch Economy

The financing of the development plan Agenda Guinea Equatorial 2035 (AM 1305) constitutes the first “Gordian knot” of the new attempt at economic recovery after the failure of the Horizon 2020 program. Approved in mid-2021, the government has no resources for financing the recovery and economic diversification. LUCAS ABAGA NCAMA (LAN), former finance minister and former governor of the Bank of Central African States (BEAC), has now been “recovered” by PR TEODORO OBIANG (TO) to coordinate Agenda 2035. READ MORE