ERHC Energy Inc (ERHE)

[RubyMartin]

President of Equatorial Guinea wants air links with Sao Tome and Principe [ 2007-05-30 ]


Sao Tome, Sao Tome and Principe, 30 May – Sao Tome and Principe and Equatorial Guinea plan to set up an air carrier to carry out links between the capitals of the two countries, said the Guinean president, Teodoro Nguema, who ended a visit to Sao Tome Monday.

Nguema said that the agreement, due to be carried out this year, also included air links with some capitals of the Central African Economic and Monetary Community (CAEMC).

Founded in 1994, the CAEMC is a regional African organization made up of six Central African countries which have a single currency, the CFA Franc, namely, Cameroon, the Central African Republic, Congo Brazzaville, Gabon, Equatorial Guinea and Chad.

Although Sao Tome is not a member of the CAEMC, the president of Equatorial Guinea called for a “profitable” business to be set up with the archipelago, based on flights from Malabo, the capital of Equatorial Guinea, to Sao Tome.

“An agreement for the company to be profitable because we will need economic stability to also cover the CAEMC capital,” Nguema noted while encouraging Sao Tome and Principe to join the organization.

During his three-day visit to the Sao Tome capital, Nguema visited road rebuilding projects financed by Equatorial Guinea.

Just less than a month ago an Equatorial Guinea company presented a proposal to the Sao Tome government to build a new airport and oil port on the autonomous island of Principe, some 150 kilometers from Sao Tome. (macauhub)