Oil boom eludes Equatorial Guineans

Most citizens of Africa's third-largest oil exporter live in dire poverty.

    Equatorial Guinea is Africa's third-largest exporter of oil and gas, but the vast majority of its 500,000 people live in dire poverty.

    The small country pumps out nearly 300,000 barrels of oil each day but the production in effect controlled by foreign companies, leading to fears that Equatorial Guinea is not developing the skills of its own people.

    There are also concerns that Eqauatorial Guinea will become too dependent on just one export - like most oil-rich African nations.

    Al Jazeera's Yvonne Ndege reports from the capital, Malabo.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Assad to Putin: Thank you for 'saving our country'

    Assad to Putin: Thank you for 'saving our country'

    Russian and Syrian presidents meet to discuss strategy against 'terrorism' and political settlement options.

    Is Saudi Arabia becoming a danger to the region?

    Is Saudi Arabia becoming a danger to the region?

    We talk to US Congressman Ro Khanna about power politics and debate Mohammed bin Salman's new strategy for the Kingdom.

    Gender violence in India: 'Daughters are not a burden'

    Gender violence in India: 'Daughters are not a burden'

    With female foeticide still widespread, one woman tells her story of being mutilated for giving birth to her daughters.