New GSMA Study: Mobile Telephony Supports Economic Growth and Job Creation in West Africa



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President Obiang Nguema Mbasogo

"If Equatorial Guinea is committed to hosting this great event, it is thanks to its capacity and experience gained in organizing similar summits."

Lucas Abaga Nchama, Minister of Finance of Equatorial Guinea:

"In Equatorial Guinea, you will find a warm welcome and a structure that will allow us to have very fruitful deliberations."

The African Development Bank Group will hold its Annual Meetings from 11 to 14 June 2019 in Malabo, capital of Equatorial Guinea, following the signature of a Memorandum of Understanding between the two parties.

"The government and people of Equatorial Guinea are ready and hope to host the main African Development Bank event in 2019," said Bernardo Abaga Ndong, general coordinator of the Equato-Guinean National Technical Committee, in charge of organizing Annual Meetings.

"We are Determined to make these Annual Meetings in our country, a resounding success, which will strengthen our national prestige, because an event with more than 3,000 participants is not an easy task to organize.Ndong added. A memorandum for a good reception of the event in Equatorial Guinea was signed on 27 February in Abidjan, on the fringes of the annual regional consultations (from 25 February to 1 March), with the governors of the African shareholder countries, and assisted by the minister of Equatorial Guinea, Lucas Abaga Nchama.

The Bank's Protocol Chief, André Basse, who represented the institution on signature, praised Equatorial Guinea as host country for its commitment to ensure the success of the annual Bank Meetings, which will be held on the continent, organized South Korea and India in the last two years.

The theme chosen by the Bank in 2019 for these Annual Meetings is regional integration, one of the five main strategic priorities of the institution: "High 5": to illuminate Africa; feeding Africa; industrialize Africa; integrate Africa and improve the quality of life of people in Africa.

With one billion inhabitants, the African continent generates a total GDP of 3.4 trillion dollars. This market will likely create enormous opportunities for entrepreneurs on the continent. But to achieve this result, African governments and regional economic communities should intensify their efforts to facilitate the free movement of people, goods, services and commerce across their borders.

The Bank's Annual Meetings are a unique opportunity to address the challenges facing the continent and also to propose ways to advance regional integration in Africa.

About 3,000 participants are expected in Malabo, including finance ministers, central bank governors, bankers, parliamentarians, civil society representatives, leaders of international organizations and business leaders. of the member states of the African Development Bank.

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