Wednesday, September 3, 2014 12:06 AM EST

Equatorial Guinea

Equatorial Guinea, is a country located in Central Africa. With an area of 28,000 square kilometres (11,000 sq mi) it is one of the smallest countries in continental Africa. It is also the most prosperous, however the wealth is concentrated in government and elite hands, with 70% of the population living under the United Nations Poverty Threshold of $2/day.

Equatorial Guinea is the third smallest country in continental Africa in terms of population. It is also the second smallest United Nations (UN) member from continental Africa. The discovery of sizeable petroleum reserves in recent years is altering the economic and political status of the country. Equatorial Guinea has been cited as an example of the natural resource curse[citation needed]; its gross domestic product (GDP) per capita ranks 31st  in the world; however, most of the country's considerable oil wealth actually lies in the hands of only a few people. Equatorial Guinea is one of the richest countries in Africa.

Headlines Around the Web

Uganda: Museveni Praises E. Guinea Over Oil Use

Jan 30, 2012 - AllAfrica News

Glencore upbeat as it becomes an oil producer

Nov 17, 2011 - Financial Times

Africa: Africa's Agriculture Depends On Youths

Aug 02, 2011 - AllAfrica News

Libya casts shadow over AU summit

Jul 01, 2011 - AL JAZEERA

Articles About Equatorial Guinea

MI6 Was Planning to Help Muammar Gaddafi Escape Libya

By IBTimes UK

British government drew up plans to allow Gaddafi to flee to another African country during conflict, says journalist Matthew d'Ancona (Sep 28)

MORE TOPICS: LIBYA, NIGER, INTERNATIONAL LAW

Countdown Begins for Mars One Application Deadline as 165,000 Submit Entries

By IBTimes UK

More than 165,000 people have applied to live on Mars and never come back to Earth. (Aug 23, 2013)

MORE TOPICS: CHINA, RUSSIA, INDIA, MEXICO, GABON

Luxury Cars Seized from African Dictator's Son Sold in Paris for €3.1m

By IBTimes UK

The fleet of luxury vehicles raised 3.1 million euros, after being seized during investigation into pilfered state assets. (Jul 14, 2013)

MORE TOPICS: GABON

Turkmenistan President's One-Horse Race Helps Top Freedom House Press Repression Poll [VIDEO]

By IBTimes UK

Democracy watchdog Freedom House ranks Turkmenistan worst in world for 2013 press freedom. (May 03, 2013)

MORE TOPICS: NEW YORK, CUBA

Margaret Thatcher Funeral: A Peek at the Iron Lady’s Children

By IBTimes AU

At Baroness Margaret Thatcher's funeral next week, some spotlight would be placed on her two adult children, who had always stayed away from the limelight most of the time when their mother served as prime minister from 1979 to 1990. (Apr 10, 2013)

MORE TOPICS: SOUTH AFRICA

Hugo Chavez, RIP

By The Daily Reckoning Australia

Today, we struggle to hold back tears. Another major world leader has bit the dust. Venezuela's big man died. Some bleak corner of Hell took him in last Wednesday, if not before. (Mar 14, 2013)

MORE TOPICS: GERMANY, AUSTRALIA, ARGENTINA

Australia Rated 3rd Freest Economy in the World, HK Still Tops for 19th Straight Year

By IBTimes AU

A survey released by the U.S. Heritage Foundation and The Wall Street Journal on Friday titled 2013 Index of Economic Freedom has placed Australia on the third spot, with Hong Kong still on the lead for the 19th straight year. (Jan 11, 2013)

MORE TOPICS: AUSTRALIA, CUBA, ZIMBABWE

France Seizes Mansion Belonging To Equatorial Guinea Leader's Son In Corruption Probe

By IBTimes

The French government has seized the mansion and several other assets belonging to the son of Equatorial Guinea's ruler on charges of money laundering. (Aug 04, 2012)

2012 London Olympics: Niger's Rower Djibo Issaka and Other Heroic Losers

By IBTimes UK

Djibo Issaka is latest in line of underdogs who achieve worldwide fame at Olympics for wrong reasons. (Jul 31, 2012)

MORE TOPICS: GOLD, NIGER, LONDON

World's Smallest Fly Discovered in Thailand, May Devour Ants' Brain and Live in Their Heads

By IBTimes IN

Scientists have discovered a new species of phorid fly in Thailand that is believed to be the world's smallest fly and reportedly decapitates the smallest ants. (Jul 03, 2012)

MORE TOPICS: THAILAND, LOS ANGELES