Equatorial Guinea

Country Equatorial Guinea
Capital Malabo
Continent Africa
Currency Central African CFA franc(XAF)
Languages Spanish, French, Portuguese, Fang, Bube, Igbo, Pidgin English & Annobonese

Information

Introduction

Equatorial Guinea gained independence in 1968 after 190 years of Spanish rule. This tiny country, composed of a mainland portion plus five inhabited islands, is one of the smallest on the African continent. President Teodoro OBIANG NGUEMA MBASOGO has ruled the country since 1979 when he seized power in a coup. Although nominally a constitutional democracy since 1991, the 1996, 2002, and 2009 presidential elections - as well as the 1999 and 2004 legislative elections - were widely seen as flawed. The president exerts almost total control over the political system and has discouraged political opposition. Equatorial Guinea has experienced rapid economic growth due to the discovery of large offshore oil reserves, and in the last decade has become Sub-Saharan Africa's third largest oil exporter. Despite the country's economic windfall from oil production resulting in a massive increase in government revenue in recent years, there have been few improvements in the population's living standards.

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References

Equatorial Guinea - Wikipedia
Equatorial Guinea - CIA World Fact Book
Equatorial Guinea - BBC
Equatorial Guinea - Timeline - BBC

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News Headlines

Google News
George Soros 'plotted to oust Equatorial Guinea's leader' - BBC News

BBC News

George Soros 'plotted to oust Equatorial Guinea's leader'
BBC News
Former British mercenary Simon Mann, who led a failed coup attempt in Equatorial Guinea in 2004, has accused US billionaire George Soros of plotting to overthrow the country's government. He said he had warned President Teodoro Obiang Nguema, ...
'Soros wanted to topple E Guinea leader,' UK mercenary tells Paris ...News24
US billionaire George Soros 'plotted to overthrow' Obiang ...Bulawayo24 News (press release) (blog)

all 3 news articles »


Bugattis, Ferraris and yachts, oh my! African vice president on trial in Paris - CNN

CNN

Bugattis, Ferraris and yachts, oh my! African vice president on trial in Paris
CNN
The trial gives an insight into the financial workings of one of the most secretive nations in the world. So much so, that for several years,Transparency International described Equatorial Guinea as "too opaque to rank," saying it could not get enough ...
A vice president with a taste for yachts, sports cars and mansions is now on trialWashington Post

all 3 news articles »


George Soros Accused of Trying to Oust Equatorial Guinea's Government - Sputnik International

Sputnik International

George Soros Accused of Trying to Oust Equatorial Guinea's Government
Sputnik International
British mercenary Simon Mann, the leader of the failed attempt by British financiers to overthrow the government of Equatorial Guinea in 2004, accused billionaire investor George Soros of participating in a separate plot to overthrow the very same ...

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France puts Equatorial Guinea vice president on trial - Washington Post

Washington Post

France puts Equatorial Guinea vice president on trial
Washington Post
PARIS — France put the elusive son of Equatorial Guinea's president on trial Monday for spending and investing tens of millions of dollars in France with funds allegedly stemming from corruption, embezzlement and extortion in his country. Teodoro ...
'Playboy' son of Equatorial Guinea leader faces corruption charges in ParisFRANCE 24
On trial for corruption: Teodoro Obiang, son of the president of Equatorial GuineaTransparency International (press release) (blog)
France Equatorial GuineaColorado Springs Gazette
Guardian (blog)
all 11 news articles »


IMF Staff Concludes Visit to the Republic of Equatorial Guinea - International Monetary Fund

IMF Staff Concludes Visit to the Republic of Equatorial Guinea
International Monetary Fund
An International Monetary Fund (IMF) staff team, led by Lisandro Ábrego, visited Equatorial Guinea from June 7-20 to initiate discussions on a possible program. At the end of the visit, Mr. Ábrego issued the following statement in Malabo today: “Like ...

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“Ill-Gotten Goods”: Equatorial Guinea is a Case Study in Self-Dealing - Human Rights Watch

Human Rights Watch

“Ill-Gotten Goods”: Equatorial Guinea is a Case Study in Self-Dealing
Human Rights Watch
This Monday, June 19, after a decade of litigation, the son of Equatorial Guinea's president will be tried in the Tribunal Correctionnel de Paris for allegedly laundering tens of millions of euros. According to public authorities, this money was ...
Son of President of Equatorial Guinea on Trial in Paris for EmbezzlementOCCRP

all 5 news articles »


Equatorial Guinea: Oil Wealth Squandered and Stolen - Human Rights Watch

Human Rights Watch

Equatorial Guinea: Oil Wealth Squandered and Stolen
Human Rights Watch
(Paris, June 15, 2017) – Equatorial Guinea's mismanagement of its oil wealth has contributed to chronic underfunding of its public health and education systems in violation of its human rights obligations, Human Rights Watch said in a report released ...
How Equatorial Guinea Turned Corruption into an Art FormHuman Rights Watch (press release)
HRW: Equatorial Guinea, the next member of OPEC, mismanaging wealthUPI.com

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Clontarf sees Cretaceous potential in deepwater Equatorial Guinea block - Offshore Oil and Gas Magazine

Clontarf sees Cretaceous potential in deepwater Equatorial Guinea block
Offshore Oil and Gas Magazine
Clontarf Director David Horgan said: “Clontarf has long been interested in Equatorial Guinea's deepwater potential, which is among some of the most prospective in West Africa. “EG-18 is part of the Northern Rio Muni basin, which Clontarf has analyzed.

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Clontarf Energy awarded offshore rights by Equatorial Guinea - Irish Times

Irish Times

Clontarf Energy awarded offshore rights by Equatorial Guinea
Irish Times
According to the company's recent 2016 annual report, Equatorial Guinea has “some of the most neglected and prospective exploration potential in offshore West Africa”. The company's accounts to the end of 2016 show it had no revenue and made a loss for ...
Exxon to look for oil off Equatorial GuineaChron.com
ExxonMobil, Taleveras, Ophir win Equatorial Guinea oil blocksVanguard
Equatorial Guinea signs oil production-sharing deal with ExxonMobilPremium Times
OilPrice.com -Reuters -Zacks.com
all 43 news articles »


Nigerian Energy Group Taleveras And ExxonMobil Win Oil Blocks In Equatorial Guinea - Forbes

Forbes

Nigerian Energy Group Taleveras And ExxonMobil Win Oil Blocks In Equatorial Guinea
Forbes
Taleveras, an African energy conglomerate owned by Nigerian multi-millionaire oilman Igho Sanomi, has been awarded an oil block in Equatorial Guinea. Equatorial Guinea's Minister of Mines and Hydrocarbons, Gabriel Obiag-Lima revealed this on Monday ...
OPEC's Newest Member Urges African Nations to Join Oil GroupBloomberg

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