Oil-rich Equatorial Guinea gifts China $2m to fight coronavirus outbreak

The government Equatorial Guinea has announced that the oil-rich country is to donate $2m to aid its “sister nation” China as it battles the coronavirus outbreak that has so far killed 636 people.

The decision was made at a cabinet meeting on Tuesday and is intended as a show of “support and solidarity” to one of Equatorial Guinea’s key trading partners.

Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, said of the gesture, China has always been a very strong and loyal supporter of Equatorial Guinea and this contribution is a gesture of solidarity with the Asian country as it fights a global outbreak that has already cost too many lives.

Although Equatorial Guinea is Africa’s third-biggest oil producer, more than half the population lives below the poverty line.

As a reminder, the 2019 novel coronavirus (2019-nCoV) is likely to spread across the world with suspected cases being reported currently in 13 countries.

Posted by on February 7, 2020. Filed under Finance, News, Zoom. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.