Equatorial Guinea

Equatorial-Guinea
Equatorial Guinea

Official Name: Republic of Equatorial Guinea
Capital: Malabo
Independence Day: 12 October 1968
Currency: CFA franc

Key Results

  • Equatorial Guinea is expected to benefit from the Transmission-Central African Interconnection Transmission Line Project, which entails the construction of a 3,800 kilometre transmission line system from the DRC to South Africa through Angola, Gabon, Namibia and to the north to Cameroon, Chad and Equatorial Guinea.
  • The country joined the SE4All Initiative which aims to ensure universal access to modern energy services, double the global rate of improvement in energy efficiency, and double the share of renewable energy in the global energy mix. To support this process, the SE4ALL Africa Hub partners led the development of Africa Guidelines for SE4ALL national Action Agendas.
  • The country signed the CAADP Compact in 2013, committing to prioritise agricultural transformation and development. An Independent Technical Review of the country’s National Agricultural Investment Plan (NAIP) and agriculture public expenditure studies were conducted.
  • According to the CAADP Biennial Review Report, the country has made progress in the CAADP completion process evidenced at 57%. Equatorial Guinea further recorded 10.5% of public agriculture expenditure as a share of total public expenditure; 7.6% annual growth of the agriculture value added (agricultural GDP); 80% of farm, pastoral, and fisher households are resilient to climate and weather related shocks; and 34% increase of the size of irrigated areas, from its value of the year 2000.
  • Captured comprehensive information on Science, Technology and Innovation (STI) and consequently built in-country capacity to collect, analyse & publish data and information on research & development (R&D) and Innovation. In-country training and engagements on STI data collection, innovation management, analysis and dissemination were provided.