Equatorial Guinea is famously known as Africa’s petrol oasis, with the disputed black liquid the sole focus of the international investors. Despite being labeled one of the fastest-growing economies, the country has also faced corruption and human rights violation accusations, an image which entrepreneurs have tried to overcome.
One such entrepreneur, Alejandro Envoro, founder of Amaceea S.A. alias “Andoga,” gives his view as a company owner in the profitable construction industry. The government, his company’s biggest client, commissions road construction and community building projects to improve the country’s infrastructure.
One of the biggest worries for the country is that despite its progress as a growing economy, the technology and knowledge necessary to survive might be passing it by. In order to gain much needed technical expertise, many entrepreneurs seek international education and outside expertise, creating opportunities for all kinds of professionals around the world.
Mr. Envoro boasts of having the country’s front-running company: “We have more than 100 of our own machines. We have more than 100 trucks.” The company wasn’t always glamorous; it started out as an ambitious grassroots family venture that grew to a national level.
Horizon 2020, a government investment scheme, is a new opportunity for Amaceea and Mr. Envoro hopes the company will gain new projects and new collaborations with the government.
Petrol isn’t the sole attraction for investors. “We have had petrol from the beginning of Equatorial Guinea and it had never been exploited,” Mr. Envoro says. He points out that the country has many other appeals: “We are all happy with [the investors] because of the petrol activities that they are doing in Guinea. But they shouldn’t limit themselves to the petrol sector,” he explains, adding that his country has other bourgeoning industries that will prove profitable to investors.
Source link : https://www.theworldfolio.com/news/alejandro-envoro-ama/1625/
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Publish date : 2022-10-29 07:39:43
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