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The economy of Equatorial Guinea has traditionally been dependent on commodities such as cocoa and coffee, but is now heavily dependent on petroleum due to the discovery and exploitation of significant oil reserves in the 1980s. [9] In 2017, it graduated from "Least Developed Country" status, one of six Sub-Saharan African nations that managed ...
Corruption and a dysfunctional judicial system disrupt development of Equatorial Guinea's economy and society. In March 2001 the President appointed a new Prime Minister, Cándido Muatetema Rivas, and replaced several ministers perceived to be especially corrupt. However, the government budget still does not include all revenues and expenditures.
The institution of the Ministry of Commerce of Equatorial Guinea has its origins in 1968, after the country's independence. On October 12, 1968, the government of Francisco Macias assumed power, which included Edmundo Bossio Dioko as vice President and First Minister of Economy of Equatorial Guinea. hasta su destitución en 1974 Julio Bonoko Eye as Vice Minister of Commerce.
Equatorial Guinea, [a] officially the Republic of Equatorial Guinea, [b] is a country on the west coast of Central Africa. It has an area of 28,000 square kilometres (11,000 sq mi). Formerly the colony of Spanish Guinea, its post-independence name refers to its location near both the Equator and in the African region of Guinea.
Corruption in Equatorial Guinea is carried out via an elaborate system that is the exclusive province of President Obiang and his circle, known collectively as "the Nguema/Esangui group". The members of this group divert revenue from Equatorial Guinea's natural resources, including land and hydrocarbon, to their own private accounts. [3]
Equatorial Guinea in 2007 rolled out an industrialization plan, National Plan Horizon 2020 for the country aimed at a sustainable economy by 2020. [16] Attempts at its implementation saw a partnership with Energy Allied International, a Houston based firm, to advance the petrochemical sector of the country under the leadership of Mbega, then Minister Delegate of the Ministry of Mines, Industry ...
Government ministries of Equatorial Guinea (1 C, 6 P) P. Penal system in Equatorial Guinea (4 C) Presidents of Equatorial Guinea (3 P)
According to Article 3 of the Constitution of Equatorial Guinea, the country is divided for administrative and economic purposes into regions, provinces, districts, and municipalities. [1] In practice, the provinces serve as the first-level administrative divisions. Municipalities are subdivided into village councils and neighbourhood communities.