Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: Dispute Between Foreign Group and “Teodorin” Reaches the Senate

The expanding Pegasos group has been strongly supported by the regime and emerges as a possible buyer of Santy’s assets. Belonging to the Lebanese family led by YOUSSEF AHMAD, the group started its activities in the country in baking, then growing into the food retail sector, with three “cash & carry” units. At the end of 2022, the government decided to buy several containers of food products from Serbia, having commissioned Pegasos to distribute the imported goods. READ MORE