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    BREAKING NEWS
    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution
    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia
    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
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    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
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    Equatorial Guinea, Ministry of Mines and Hydrocarbons takes New Measures to Boost the Economy

    Posted On 12 May 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Photo Credit: Africa Oil & Power

    NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana-  Equatorial Guinea, Ministry of Mines and Hydrocarbons published a new Ministerial Order to encourage the hiring of local workforce. The order follows years of successful capacity building and training within local companies and locals in the country, which made available, well-trained pool of local talents.

    The General Directorate of National Content will be responsible for the monitoring of compliance to the order.

    “With the release of this new order, the Ministry of Mines and Hydrocarbons intends to enhance the capacity of local services companies, while guaranteeing the creation of local jobs for our trained and educated youth,” declared by Gabriel Mbaga Obiang Lima, the Minister.

    In the wake of the COVID-19 pandemic and the current oil crisis, Equatorial Guinea has been adopting a new approach to ensure the retention and increase of foreign investments into the country, while maximizing the hiring and procurement of local goods and services so the recovery benefits, its local economy.

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    Last week, the country extended two years exploration programmes across its acreages to allow foreign operators to regroup and plan for better expenditure on seismic and exploratory drilling.

    These measures are being rolled out as Equatorial Guinea implements a series of landmark projects across its upstream, midstream and downstream industries, which are expected to generate many local jobs.

    The backfill project is already ongoing to pool supply from stranded gas in the Gulf of Guinea and replace declining output from the Alba Field. Meanwhile, the ongoing year of investment has generated strong interest from various existing, new players building, expanding midstream, downstream infrastructure, maximize local processing and transformation of domestic crude oil and natural gas.

     

     

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

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    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    Websitewho.int/emergencies
    Coronavirus Q&A, World Health Organization
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    United States, Centers for Disease Control and Prevention
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    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution

    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia

    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063

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    • Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
    • African Nations Exhorted to take on Modern Sustainable City Planning to enable Stave Off Prospective Emergencies
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