Equatorial Guinea: New Guide Highlights Investment Potential in Equatorial Guinea

1 June 2001
Corporate Council on Africa (Washington, DC)

Washington — The Corporate Council on Africa (CCA) today released the first comprehensive American-produced investment guide on Equatorial Guinea. The publication, "Equatorial Guinea: A Country Profile for U.S. Businesses", highlights business opportunities in the tiny Central African country, which was recently described by The New York Times as a possible "Kuwait of Africa".

Already the world's fastest growing economy, Equatorial Guinea is the largest destination for American private sector investment in Sub- Saharan Africa, after South Africa, Nigeria and Angola. It will soon become Sub-Saharan Africa's third largest oil producer.

CCA President Stephen Hayes said, "Equatorial Guinea presents enormous opportunity for American companies and this guide provides unprecedented insight into doing business in the country."

The country profile includes macroeconomic and business information, profiles of principal growth sectors, statistical data and contact information for key government and business leaders in Equatorial Guinea. It also features current American investments.

The guide was underwritten by Chevron; CMS Energy; ExxonMobil; Ocean Energy; Triton Energy; Vanco Energy; AfricaGlobal; and Oceaneering International. To obtain a copy of the guide, contact CCA at (202) 835- 1115 or cca@africacncl.org

CCA, established in 1992, is a nonpartisan 501 (c) (3) membership organization of more than 170 American corporations dedicated to strengthening the commercial relationship between the United States and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa. CCA's website is at www.africacncl.org.

CCA's country profiles for U.S. businesses are in-depth 40-80 page guides on selected African countries. These critically acclaimed guides are recognized as a unique resource for American companies doing or seeking to do business in Africa. During the past year, CCA published guides on Algeria, Nigeria, and South Africa. CCA will publish its next country profile on Angola.

FOR MORE INFORMATION, contact: Timothy S. McCoy Director, Communications & Public Affairs Corporate Council on Africa 1100 17th St., NW, Suite 1100 Washington, DC 20036. Tel (202) 835-1115, Ext. 29. Fax (202) 835-1117. wWbsite: www.africacncl.org

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