AGP Executive Report
Last update: 10 hours agoGovernment Shake-Up: Equatorial Guinea’s entire cabinet resigned after delivering “barely 10%” of set objectives, with the ruling PDGE citing corruption, misuse of state resources, and stalled development—especially weak progress on economic diversification and agriculture. Oil & Gas Deal: Kosmos Energy has completed its $127m sale of its non-operating interests in Block G offshore Equatorial Guinea (Ceiba Field and Okume Complex) to Panoro Energy, with possible extra contingent payments tied to oil and production performance. Agriculture & Trade: CEMAC data show cocoa export prices fell 24.6% in the first quarter of 2026, dragging down agricultural export prices across Cameroon, Congo, Gabon, Equatorial Guinea, Chad and the Central African Republic, while coffee also declined (4.5%). Maritime Law: A landmark ITLOS ruling in the M/T Heroic Idun (No. 2) case awarded the crew and damages after limits on anti-piracy detentions were challenged—an outcome with implications for shipping and crew treatment. Diplomacy: Egypt’s president sent National Day congratulations to Equatorial Guinea, highlighting growing cooperation in energy and infrastructure.
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