{"id":3504,"date":"2019-07-02T08:58:02","date_gmt":"2019-07-02T08:58:02","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=3504"},"modified":"2026-01-11T05:30:23","modified_gmt":"2026-01-11T05:30:23","slug":"how-equatorial-guinea-turned-oil-into-wealth","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/07\/02\/how-equatorial-guinea-turned-oil-into-wealth\/","title":{"rendered":"How Equatorial Guinea Turned Oil into Wealth"},"content":{"rendered":"\n<p><strong>By VICTOR JUMA<\/strong><\/p>\n\n\n\n<p>For one of the\nwealthiest countries in Africa, Equatorial Guinea is relatively obscure. Not\nmuch is heard of the small country with big ambitions.<\/p>\n\n\n\n<p>Equatorial Guinea has a\ngross domestic product (GDP) per capita (per person) of Sh923,000 or 4.5 times\nmore than Kenya\u2019s Sh203,000, according to the latest estimates from the International\nMonetary Fund (IMF). That puts it ahead of all African countries, save for the\nricher island nations (Seychelles and Mauritius).<\/p>\n\n\n\n<p>News coverage of\nEquatorial Guinea in the international press mostly revolves around its\nPresident, Teodoro Obiang Nguema Mbasogo, who is the longest-serving leader in\nAfrica.<\/p>\n\n\n\n<p>Not everyone in\nEquatorial Guinea is rich \u2014 though there is no data on inequality as measured\nby the Gini coefficient.<\/p>\n\n\n\n<p>The nation with a\npopulation of 1.2 million is, however, quietly working to boost the standard of\nliving of its citizens through a socio-economic transformation strategy fueled\nby its oil wealth.<\/p>\n\n\n\n<p>The country has in the\npast decade spent heavily on infrastructure; building new roads, ports, cities\nand airport terminals to international standards\u2026<a href=\"https:\/\/www.businessdailyafrica.com\/datahub\/How-Equitorial-Guinea-turned-oil\/3815418-5178434-nk6v3rz\/index.html\">Read more&gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By VICTOR JUMA For one of the wealthiest countries in Africa, Equatorial Guinea is relatively obscure. Not much is heard of the small country with big ambitions. Equatorial Guinea has&hellip;<\/p>\n","protected":false},"author":3,"featured_media":3505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-3504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=3504"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/3505"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=3504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=3504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=3504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}