Equatorial Guinea: Efforts to diversify the economy away from its current dependence on oil and gas have focused on processing hydrocarbon production within the country to add value to the export of raw materials.
Equatorial Guinea: A Green Revolution could reduce the country’s reliance on food imports will require a steep increase in agricultural production, particularly at a time of high fertility rates. Crop yields in Equatorial Guinea currently average less than one tonne per hectare, compared to seven tonnes in Western Europe and North America.
Equatorial Guinea: As in almost all other parts of Africa, the agriculture sector could provide much-needed employment and improvements in production techniques could greatly benefit …
Equatorial Guinea: Oil income has also been used to fund a building boom that has turned construction into the third biggest element in the economy after oil and gas.
Equatorial Guinea: Power Sector Improvement.
Equatorial Guinea: In this section, we take a look at the various sectors that have benefited from oil income in the past and which could receive investment in the planned new joint ventures. Most investment to date has been made in infrastructure that is of general use rather than specific to any one sector.
Equatorial Guinea: The oil and gas that drives the Equatoguinean economy comes from three main fields: Alba, Ceiba and Zafiro, all of which are located offshore.
Equatorial Guinea has been the fastest -rowing economy in Africa over the past 15 years and one of the fastest growing in the world. There is one simple explanation for this transformation – the discovery of substantial offshore oil and gas reserves. After Nigeria and Angola, it is in the second rank of African oil producers alongside Sudan, South Sudan and neighbours Congo-Brazzaville and Gabon.
Interview with Marcelino Owono Edu, Minister of Finance. African Business met Equatorial Guinea’s Minister of Finance, Marcelino Owono Edu in London ahead of the Emerging Equatorial Guinea Conference in Malabo this month. He was part of a delegation that made presentations to international investors.
Over the last dozen or so years, Equatorial Guinea has been been quietly but steadily following a plan that is transforming this wealthy Central African country from the severely underdeveloped state it was 20 years ago into what could turn out to be sub-Saharan Africa’s first successful transition into an industrialised middle-income nation by 2020.