📋 Tender Overview
The Delegate Minister of the State Treasury and Heritage, Milagrosa Obono Angue, has held a meeting that is part of the government program promoted by the Vice President of the Republic, H.E. Teodoro Nguema Obiang Mangue, whose objective is to optimize the management of public companies, promote the recovery of their investment and contribute to the increase in non-oil income. In this context, the hiring of international consultancies has been ordered to evaluate various state companies.
Consequently, representatives of the international audit firms Mazars, KPMG, Rey Advisory, Price and N-Sanyong, participants in the bidding process, were summoned in order to inform them of the list of companies to be audited. This assignment has been made based on the technical capacity of each firm and the level of complexity of the work to be carried out, which includes financial, accounting and management audits, among others.
During the meeting, the delegate minister conveyed to the representatives of the auditing firms the Governments counterproposal, consisting of a 30% reduction of the amounts initially presented. In this sense, the representatives of the firms thanked the Government for the trust placed in their services.
The participating firms have expressed their willingness to collaborate with the Executive, committing to send a formal response within 24 hours.
In this sense, Obono Angue specified that, once these responses have been received, the most competitive and flexible offers will be selected. These will be previously presented to the Vice President of the Republic, in his capacity as promoter of this ambitious and important government program aimed at improving the management of public finances.
On the other hand, the Government member asked the firms to sign confidentiality agreements, a prior step to a new evaluation of the proposals. After this process, the Government will proceed to formalize the contracts and the corresponding delegation of powers, with the aim of starting work as soon as possible.
During her intervention, the minister also urged the auditing companies to analyze and accurately determine the Governments consumption of services such as fuel, telephone, electricity and internet, quantifying said expenses. Likewise, it requested technical support from these firms for the implementation of effective control and evaluation measures.
Text and photos: Sarilusi Tarifa King (DGPEPWIG)
Information and Press Office of Equatorial Guinea
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