Equatorial Guinea

Background

Composed of a mainland portion and five inhabited islands, Equatorial Guinea, which gained independence in 1968 after 190 years of Spanish rule, has been ruled by President OBIANG NGUEM MBASOGO since he seized power in a coup in 1979. Although nominally a constitutional democracy since 1991, the 1996 presidential and 1999 legislative elections were widely seen as being flawed.

The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth (the government has stated its intention to reinvest some oil revenue into agriculture). A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993 because of corruption and mismanagement. No longer eligible for concessional financing because of large oil revenues, the government has been unsuccessfully trying to agree on a "shadow" fiscal management program with the World Bank and IMF. Businesses, for the most part, are owned by government officials and their family members. Undeveloped natural resources include titanium, iron ore, manganese, uranium, and alluvial gold. Boosts in production and higher world oil prices stimulated growth in 2002, with oil accounting for 90% of increased exports.

Holidays

Ps: The Festivals' dates(*)given above are approximations that are subject to change in every new year.

Phone Codes

Country Code: 240

Resources

Market Research

CIA - The World Factbook - Republic of Equatorial Guinea
This website indicates a wide range of detail information about Equatorial Guinea by introducing under 8 different fields as its geography,people, government, economy, communications, transportation, military, transnational issues.

About Equatorial Guinea
There is available to find out Equatorial Guinea's general outlook on the issues of its social and business profile, passport/visa, money, accomodation, government, duty free, health and so forth.

Equatorial Guinea Business
Mbendi serves as a directory providing an ultimate African Business Source for the potential investors seeking new business opportunities in Equatorial Guinea.

Business Directory - Equatorial Guinea
Wow-directory creates cross-referenced categories in business opportunities for Equatorial Guinea as business to business, classifieds, cooperatives, directories, organizations & trade.

Equatorial Guinea News
There is available to find out Equatorial Guinea business, ecvonomic and political news sponsored by Topix.net.

OPIC Links - Investor's Information Gateway for Equatorial Guinea
There is available country database information links which are efficient for the new investors planned to do business in Equatorial Guinea including the contact lists of the institutions, organization related to Equatorial Guinean business.

Business Opportunities - Equatorial Guinea
This website supplies cross-referenced categories in business opportunities of Equatorial Guinea under by affiliate programs, communication, franchises and MLM & network marketing.

UK Trade & Investment - Equatorial Guinea
UK Trade & Investment is the Government organisation that supports both UK companies trading internationally and overseas enterprises seeking to locate in the UK.

Equatorial Guinea Country Commercial Guide
Strategis.gc.ca sponsored by STAT-USA aims to supply basically business travel information about Equatorial Guinea in order to inform the entreprenours and investors looking for business opportunities in Equatorial Guinea.

Equatorial Guinea - Country Analysis Briefs
Energy Information Administration(EIA)sponsored by USA, aims to display Equatorial Guinea's business profile in terms of providing a wide range of analysis on the issue of energy as petroleum,oil, gasoline and so forth.

U.S. Department of State - Bureau of Consular Affairs - For Equatorial Guinea
U.S. Bureau of Consular Affairs creates a wide range of research named as Consular Information Sheet about Equatorial Guinea in terms of analyzing its social, political, cultural & economic environments.

Trade Information

Embassy Listings For Equatorial Guinea
There is listed the embassies of the republic of the Equatorial Guinea including the embassies' contact information.

Equatorial Guinea Government Online
It displays the structure of Equatorial Guinea's government by looking at its political units, branches, ministries, embassies and so forth in details.