Equatorial Guinea opens talks on US$20m B2Tech lottery project
The proposed US$20m venture could create up to 1,000 jobs and establish a mixed-capital company to manage a National Lottery House and regulated betting system.
Key takeaways:
- B2Tech has proposed investing US$20m over five years to establish a National Lottery House through a potential joint venture.
- The investment would be financed by B2Tech from its own resources.
- The project could generate between 500 and 1,000 jobs, according to company projections.
- The Vice-President authorised negotiations, with the government expected to assess the proposed agreement by the end of November 2026.
- The Ministry will conduct technical, legal and economic assessments before deciding whether to proceed with the proposal.
Equatorial Guinea.- Equatorial Guinea is considering a US$20m proposal from gaming company B2Tech to establish a National Lottery House through a potential joint venture that would also oversee a regulated betting system. The proposal is now under government evaluation, with negotiations under way to determine the project’s feasibility and the conditions for a potential 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 Guinea Ecuatorial Press, the official government news portal.
B2Tech proposed investing US$20m over five years, with the project potentially generating between 500 and 1,000 jobs and allocating part of its proceeds to social, educational and sporting initiatives, according to company projections. EcoMatin reported that the investment would be financed by the company itself.
Nguema Obiang recognised the proposal’s potential to improve the organisation and oversight of the gambling sector, generate new revenue for the state and create employment opportunities, according to the Vice-Presidency.
The proposed arrangement would involve establishing a mixed-capital enterprise to manage the national lottery and oversee a regulated betting system. The proposal includes physical sales outlets and digital platforms, alongside mechanisms to monitor operations and protect users.
Following the presentation, the Vice-President authorised the start of negotiations between the government and B2Tech to examine the project’s feasibility and establish the conditions for a potential agreement. He instructed the relevant government departments to assess its legal, technical and financial aspects, with particular attention to the state’s participation, transparency in management and safeguards for users.
Nguema Obiang set a deadline of the end of November for the government to receive the results of the negotiations and assess the proposed agreement before making a final decision.
Separately, the Ministry of Finance, Budgets and National Planning held an initial meeting with B2Tech representatives on October 28 to examine the proposal. The meeting was chaired by Delegate Minister Milagrosa Obono Angue, accompanied by Deputy Minister José Domingo Bakale and Secretary of State Justo Ngomo Nnegue.
During the discussions, B2Tech presented the technical aspects of its proposal, including the possibility of establishing a joint venture responsible for managing, coordinating and administering the future National Lottery House.
According to information presented during the ministry meeting, B2Tech operates in the lotteries and gambling sector in 22 African countries.
The Ministry asked B2Tech to submit a formal letter of intent, technical documentation, a draft memorandum of understanding and a draft company incorporation contract. These documents would allow the Ministry and relevant departments to assess the proposal’s technical, legal and economic feasibility.
The Ministry said the competent departments would conduct an assessment, make the necessary observations and, where appropriate, present a counter-proposal as a basis for further negotiations.
In its October 28 announcement, the Ministry of Finance said the eventual creation of a National Lottery House “could represent a new way to diversify sources of income, generate employment opportunities and channel resources towards programmes of social interest”.
The initiative remains at a preliminary evaluation and negotiation stage, with no definitive agreement yet reached for the creation of the National Lottery House.
Frequently asked questions (FAQs)
- How much does B2Tech plan to invest in Equatorial Guinea? B2Tech has proposed investing US$20m over five years. EcoMatin reported that the investment would be financed from the company’s own resources.
- How many jobs could the proposed B2Tech lottery venture create? The project could generate between 500 and 1,000 jobs, according to employment projections presented by B2Tech.
- Who will manage Equatorial Guinea’s proposed National Lottery House? The proposal envisages a mixed-capital joint venture involving B2Tech and the government to manage, coordinate and administer the National Lottery House.
