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Equitorial Guniea NEWS MEDIA
News
Stand
Background: Equatorial Guinea gained independence in 1968 after 190
years of Spanish rule. This tiny country, composed of a
mainland portion plus five inhabited islands, is one of the
smallest on the African continent. President Teodoro OBIANG
NGUEMA MBASOGO has ruled the country since 1979 when he seized
power in a coup. Although nominally a constitutional democracy
since 1991, the 1996 and 2002 presidential elections - as well
as the 1999 and 2004 legislative elections - were widely seen
as flawed. The president exerts almost total control over the
political system and has discouraged political opposition.
Equatorial Guinea has experienced rapid economic growth due to
the discovery of large offshore oil reserves, and in the last
decade has become Sub-Saharan Africa's third largest oil
exporter. Despite the country's economic windfall from oil
production resulting in a massive increase in government
revenue in recent years, there have been few improvements in
the population's living standards.
Borders: Cameroon 189 km, Gabon 350 km
Population: 503,519
GDP per capita: $14,935.72 per capita
Capital with population: Malabo - 30,418
Largest city with population: Malabo - 30,418
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