On Fertile Ground
Equatorial Guinea offers a wealth of potential for producing livestock and crops. As in many countries in the region, agriculture has traditionally formed a mainstay of the economy. In attracting foreign investment and expertise into this sector, the government of Equatorial Guinea plans to further increase productivity, production and local employment.
Arable land is abundant in Equatorial Guinea – 850,000 hectares, according to the Ministry of Agriculture and Forestry. Most of this land is in the mainland provinces. Only 26 percent of the nation’s land is occupied, leaving significant room for investment in tropical and subtropical crop production and livestock raising. Equatorial Guinea’s fertile soil is ideal for cultivating cacao, sugar cane, vanilla, avocado and a host of warm-weather fruits and vegetables.
Only 26 percent of the nation’s land is occupied, leaving significant room for investment in tropical and subtropical crop production and livestock raising.
The agriculture sector is a focus area for the government, which is encouraging private investment and the introduction of modern agricultural systems. Infrastructure for value-added activities is required, along with education and training. The Ministry of Agriculture and Forestry has specified three key areas for investment:
- Production: Timber, seeds, machinery, new and improved breeds
- Supply cycle: Transport, storage, processing, retail
- Products: packaged and processed foods
Agriculture potential is enhanced by a growing local market for agricultural products and rural infrastructure that facilitates the building of a productive and diversified farming industry. Combined with strong government will to nurture this sector and easily accessed export markets, these factors come together to provide an ideal climate for investment.