Archive for the ‘Equatorial Guinea’ category
“To keep going forward we can’t be held back by this self-bigotry of low expectation.”
The oil and gas industry has transformed the economy of Equatorial Guinea, a small Central African country with a population of less than 1m people.
While GDP figures indicate growth, this does not necessarily translate into economic development.
UK-based Lonrho, an Africa-focused investment group, makes about 80% of its profits from countries deemed as high-risk.
Equatorial Guinea President, Teodoro Obiang, has emphasised his desire to make Equatorial Guinea a business-friendly destination for investment.