Equatorial Guinea Begins Negotiation with B2Tech on National Lottery Project
B2Tech, a gaming corporation, has offered Equatorial Guinea US$20 million proposal to establish a National Lottery House through a possible joint venture that would also oversee a regulated betting system.
The proposal is currently being assessed by the government and talks are underway to ascertain the project’s feasibility and the terms of a possible agreement. B2Tech presented its proposal to Equatorial Guinea’s Vice-President Teodoro Nguema Obiang during a meeting at the People’s Palace in Malabo on October 27, 2026.
According to company projections, B2Tech proposed investing US$20 million over five years. The project could generate between 500 and 1,000 employment, with a portion of the revenue going toward social, educational and sporting projects.
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Nguema Obiang acknowledged that the proposal may enhance the management and supervision of the gambling sector, bring in more revenue for the government and create employment. As part of the proposed arrangement, a mixed-capital enterprise would be established to oversee a regulated betting system and handle the national lottery. The plan calls for both digital and physical retail locations, as well as systems for user protection and operational oversight.
Following the presentation, the Vice-President gave the go-ahead for the government and B2Tech to begin negotiations in order to assess the project’s viability and set the terms of a possible agreement. He gave relevant government agencies instructions to evaluate its legal, technological and financial aspects, paying special emphasis to the state’s involvement, management transparency and user protections.
He gave the administration till the end of November to review the proposed deal and obtain the outcomes of the negotiations before making a final decision.
On October 28, the Ministry of Finance, Budgets, and National Planning met with officials of B2Tech for the first time to review the proposal. A formal letter of intent, technical paperwork, a draft memorandum of understanding, and a draft company incorporation contract were requested by the Ministry from B2Tech. The Ministry and relevant departments would evaluate the proposal’s technical, legal and economical feasibility with the use of these documents.
