Equatorial Guinea
Overview
Located in Central Africa with an area of 28,000 sq. Kms (11,000 sq. Mi) with the only sovereign state who’s has Spanish as an official language. It is bordered by Cameroon and Gabon with its largest city being Oyala which is intended to be the future capital and expected to be complete by 2020. Equatorial Guinea is a member of the Africa Union, Francophonie, OPEC and the CPLP.
It is one of the largest oil producers and third largest exporter in Sub Saharan Africa and is ranked 43rd in the world per capita. This wealth is unevenly distributed an according to the UN less than half the population have access to clean drinking water.
It gained independence in 1968 (12th October) when it became the Republic of Equatorial Guinea. It was in 1955 when Mobil found oil in Equatorial Guinea and the Country subsequently saw rapid growth.
Equatorial Guinea is the smallest African Country to be a member of the united nations with fewer than a million people living there. At present it is one of the only nations with a capital (Malabo) not on the mainland. The president, Teodoro Obiang has been serving since 1979 despite at least 12 attempts to overthrow him.
Information to know
CAPITAL
Malabo
OFFICIAL LANGUAGE
Spanish, French & Portuguese
CURRENCY
Central African Franc – CFA
DIALLING CODE
+240
TAX AUTHORITY
Ministerio de Hacienda y Presupuestos (Ministere des Finances et du Budget)
TAX YEAR
1 January – 31 December
TIME ZONE
West Africa Time WAT (UTC/GMT + 01:00)
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Contact Us
Contact Employ Africa Group today for expert Employer of Record, Payroll, Recruitment, and Ancillary services. Our team is dedicated to providing tailored solutions to meet your unique needs, fostering success in your ventures across the continent. Reach out now for a partnership that elevates your business in Africa.
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