Pretoria: Trade and Industry Deputy Minister Elizabeth Thabethe is optimistic that South Africa and Equatorial Guinea have ample room to increase bilateral trade. Thabethe today concluded an outward trade and investment mission to Equatorial Guinea, where she led a business delegation comprising representatives from 13 South African companies.
The aim of the mission was to forge relations which would lead to an increase in trade and investment between the two countries. “In my short stay in Equatorial Guinea, I was mostly impressed by the multiple infrastructural development projects that they have undertaken. I could determine from observing the state of their road infrastructure, the buildings and electricity network that this is a healthy economy with abundant opportunities,” said Thabethe of the four-day trip.
Thabethe held bilateral discussions with the country’s Minister of Mines, Gabriel Mbaga Obiang, wherein they explored cooperation in the area of mining. Equatorial Guinea will be sending a delegation to South Africa to engage relevant industry stakeholders.
“I am confident that from the business-to-business interactions that took place during the mission, the intelligence gathered from presentations and the site visits, [that] we are in a better position to achieve our goal of establishing new markets and increasing the flow of trade between the two countries,” noted the deputy minister.