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Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Africa property offers rich pickings for the brave
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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Bill Gates sees US likely to maintain aid levels for Africa
The US will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man.
Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest nations in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump government will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital.
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- Key Facts
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Full name: The Republic of Equatorial Guinea
Population: 720,000 (UN, 2011)
Area: 28,051 sq km (10,830 sq miles)
Major languages: Spanish, French
Major religion: Christianity
Life expectancy: 50 years (men), 53 years (women) (UN)
Monetary unit: 1 CFA (Communaute Financiere Africaine) franc = 100 centimes
Main exports: Petroleum, timber, cocoa
GNI per capita: US $14,540 (World Bank, 2010)
Internet domain: .gq
International dialling code: +240
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Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Mr. Ramón Mituy Abaga Nkene, Director General of Forestry and Reforestation, Equatorial Guinea
2015/04/26Mr. Ramon Mituy Abaga Nkene speaks about Guinea’s forests and the two segments it is composed of: production and processing and conservation and protection.
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Edoh Kossi Amenounve is chief executive of the Bourse Régionale des Valeurs Mobilières.
2014/01/14Francophone west Africa’s regional stock exchange, the BRVM, suffers from low turnover and a lack of listings. But its chief executive tells Paul Wallace he is determined to change that and bring about closer ties with Nigeria and Ghana’s stock markets.
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Christophe Mounguengui, General Director of BGFI Bank Equatorial Guinea
2013/12/10When oil was discovered in the early 1990s, Equatorial Guinea’s fortunes suddenly changed. The influx of foreign investment powered an economic boom, with the subsequent Horizon 2020 development plan enabling vast infrastructure projects to be planned and delivered. With the arrival of the African Cup of Nations in January 2012 – the continent’s premier football competition – Equatorial Guinea signalled its arrival on the international stage.
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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
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National Bank of Equatorial Guinea Progress reshaping Equatorial Guinea
2016/12/10Senator and Chairman of the National Bank of Equatorial Guinea Martin Crisantos Ebe Mba looks at the political, economic, and social changes taking shape in the country in recent years making it “a valued country, admired for its evolution and development at all levels” and its positioning as a financial platform for Central Africa and beyond.
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The friendly relationship and cooperation between the People's Republic of China and the Republic of Equatorial Guinea
2015/10/02The friendly relationship and cooperation between the People's Republic of China and the Republic of Equatorial Guinea sustained sound development in 2013.
The two nations enjoyed close political exchanges and increasing mutual trust. In September, Zhao Hongzhu, member of the Secretariat of the CPC Central Committee and Deputy Secretary of the CPC Central Commission for Discipline Inspection, led a CPC delegation to Equatorial Guinea.
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Equatorial Guinea is finishing its surveys and about to start its mining industry.
2015/05/26Equatorial Guinea is finishing its surveys and about to start its mining industry. There is evidence of bauxite, coltan, diamonds and gold amongst other.
In 2007, the government of Equatorial Guinea established an ambitious plan called Horizon 2020; its initial stage, which is establishing a basic infrastructure for the people, is presently almost complete. What challenges is Equatorial Guinea facing in order to reach the Horizon 2020 objective of becoming an emerging country?
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The launch of the industrial sector and economic diversification in Equatorial Guinea
2015/05/22The newly appointed Minister for Finance and Budgets talks about the strength of Equatorial Guinea’s finance sector, how it could become a financial hub in the region and about the economic diversification the government is actively seeking
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Mohammad Majed, Managing Director - Forestry in Equatorial Guinea
2015/04/27SOFMAL has invested large in the transformation of wood to add price and create employments. In their opinion the next of the country is in the industrialization.
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Andreas Kaïafas, CEO of Malabo-based Cronos Airlines,
2013/12/10Equatorial Guinea is going through a historic period of time with the revenues from hydrocarbons helping position the country part the majority modern and richest on the continent. Could you give us your view on your experience here in the country and where you see the direction it is taking?
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President, Teodoro Obiang Nguema
2012/12/19The grandiose new capital city built deep in the jungle;
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Outlook for 2013-17
2014/02/07It has borders with Cameroon for 189km and Gabon for 350km.
Land in Equatorial Guinean or Equatoguinean land covers an area of km². The climate is tropical and always hot and humid.
Equatorial Guinean(s) or Equatoguinean(s) speak Spanish (official), French (official), pidgin
Climate: tropical; generally hot and humid; monsoonal-type rainy season (June to November) with southwesterly winds; dry season (December to May) with northeasterly harmattan winds.Guinean(s) speak Portuguese (official), Crioulo, African languages.OVERVIEW
Equatorial Guinea (2012 est. pop. 736,300) 10,830 sq mi (28,051 sq km) is located in central Africa. It includes the islands of Bioko, Annobón, Corisco, Elobey Grande, and Elobey Chico in the Gulf of Guinea, and Río Muni on the African mainland. Río Muni, which includes about 93% of the nation’s land area and 75-80% of its population, is bordered by Cameroon to the north, by Gabon to the east and south, and by the Gulf of Guinea to the west.
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Malabo
2012/12/19Malabo is the capital of Equatorial Guinea, located on the northern coast of Bioko Island (formerly Fernando Pó) on the rim of a sunken volcano.With a fast growing population of 155,963 (2005) it is also the second largest city in the country, after Bata in Río Muni on the African mainland.
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- Equatorial guinea News
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