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

    Revival: The Muslim Response to the Crusades

    Revival: The Muslim Response to the Crusades

    This part of 'The Crusades: An Arab Perspective' explores the birth of the Muslim revival in the face of the Crusades.

    Going undercover as a sex worker

    Going undercover as a sex worker

    A photojournalist describes how she posed as a prostitute to follow the trade in human flesh.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.