The African Development Bank Group has completed a comprehensive review of its $167 million project portfolio in Equatorial Guinea, reinforcing its commitment to agricultural initiatives Equatorial Guinea and long-term sustainable development goals under the government’s Agenda 2035.
The intensive review meeting, held in Malabo from October 27–31, gathered ministerial leaders, development partners, and project management teams to evaluate progress and strengthen a unified stakeholder engagement framework for future interventions.
Strengthening Project Performance for Sustainable Growth
The review assessed major ongoing programs, including the Public Finance Modernization Support Programme (PAMFP), the Fisheries and Aquaculture Value Chain Development Project (PASPA) (https://apo-opa.co/3LDvTyV), and the feasibility study for the Digital Ecosystem Reinforcement Project (PARED) (https://apo-opa.co/4nWt6yo).
African Development Bank representatives emphasized the need for stronger collaboration with local project units, enhanced fiduciary training, and streamlined monitoring mechanisms to improve performance.
According to Mouhamed Gueye, Divisional Manager for Social Development and Human Capital, the Bank is investing heavily in targeted strengthening measures to ensure full alignment with Equatorial Guinea’s development plans.
To support this, the Bank plans to mobilize additional co-financing under its 2026 lending program. These actions further reinforce the country’s ambition to advance its sustainable development goals across agriculture, human capital, and governance.
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Addressing Key Implementation Challenges
The joint analysis revealed several barriers affecting project execution, such as slow start-ups, delays in establishing management units, and limited technical capacity in procurement and financial management.
A dedicated fiduciary clinic was organized to improve these capacities, helping project managers better understand the Bank’s financial governance rules.
During the review period, a €58.61 million financing agreement was also signed to implement the Human Capital Strengthening Project (PARCH) (https://apo-opa.co/3K1xEFG).
A field visit to the PASPA aquaculture works highlighted major progress, with infrastructure expected to be completed by the first quarter of 2026.
Strategic Investments Supporting Long-Term National Goals
According to Ladislao Ndong Ndong Bisó, representing the Ministry of Finance, the portfolio review served several essential purposes: ensuring continued alignment with Agenda 2035, identifying gaps, and evaluating overall progress to guide future investments.
Equatorial Guinea’s active African Development Bank portfolio includes six major projects totaling approximately $167 million. These investments are distributed across:
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Social sector – 42.2%
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Agriculture – 38.6%
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Governance – 18.5%
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ICT, communications & energy – 0.7%
Since joining the African Development Bank Group in 1975, Equatorial Guinea has benefited from 53 operations amounting to $337.30 million, beginning with a $9 million cocoa regeneration project in 1978.
This story was first reported by APO Group. Read the full article here.
