 Malabo_Sofitel beautifully in Malabo |  Equatoria_G Still building nice places |  pizzamar nice restaurant |
 laplaza plaza in Malabo |  capital Way of living |
 partyMalabo Party in Malabo |  Guine seating outside |
Bussines in Equatorial Guine
Economy
Economic growth accelerated from 9.8 per cent in 2007 to an estimated 9.9 per cent in 2008, but is projected to slow to 3.7 per cent in 2009 and 2.9 per cent in 2010. Oil, gas and construction were among the drivers of the economy.The surge in oil prices in the first half of 2008, combined with increased oil and gas production, brought in considerable additional revenue. In the coming period, however, Equatorial Guinea's economy could suffer from the collapse of oil prices in late 2008 and the fallout from the global food and financial crisis. For example, the drop in world demand for hydrocarbons and continued maintenance work on oil installations should lower oil and gas output by some 15 per cent in 2009 and 2010
The government is making great efforts to revive agriculture. Before the discovery of oil in the mid-1990s, agriculture was the locomotive of
the economy, but it now contributes less than 2 per cent of GDP. Farming equipment, inputs and financial aid have been allotted to all officially
recognised cooperatives in the country.
Your commentsSince the discover of oil in this country. President and his family become richer and big time thieves. While we are stavaring this country It's very difficult to do business in Country if you're not involved with goverment circle Most difficult place to do business. |
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Politic in Equatorial Guinea
The president dissolved parliament on 3 March 2008 and called early legislative elections on 4 May, a year earlier than scheduled. He also decided to hold municipal elections on the same date. The presidential party won 99 of 100 seats in the national assembly. Equatorial Guinea has 12 political parties, including the ruling party. The opposition, which won only a single seat, contested the results of the election, as did much of the international community. A presidential election was held in Equatorial Guinea on November 29, 2009. Teodoro Obiang Nguema, who has been President of Equatorial Guinea since 1979, ran for another term and won re-election with 95.4% of the vote, according to official results. President Obiang, power by overthrowing his uncle Francisco Macias Nguema in a 1979 coup d'état. In July 2008, a mission from the Office of the United Nations High Commissioner for Human Rights expressed its "deep concern" over the "general situation relating to deprivation of liberty" in the country. Many international human rights organisations describe the country's political regime as authoritarian and brutal. The right to free speech is guaranteed by law but denied in practice. The written press, radio and television are all denied freedom of expression. |
What do you think about election that was held last year?Your commentsForget about election that was a joke |
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Top Hotels
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Top restaurants
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Place to visit
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Internet Access
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Not to miss to see
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Your commentsI am young but I do have concern about uderdevelopment of internet in my Country. I know that in Africa still very expensive to use in internet in contrast to others continent. I hope the goverment will invest on internet. Forget about internet. If people can't have normal 3 meals in day and you're thinking about internet. it's nice place |