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

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.