Equatorial Guinea Business Directory & List of Companies
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Capital City and 5 Largest Cities in Equatorial Guinea
Malabo is the capital and largest city of Equatorial Guinea. It is situated on Bioko Island, specifically on the northern coast. Malabo is the political and administrative center of the country and is known for its colonial architecture and government institutions.
Bata is the largest city on the mainland portion of Equatorial Guinea. It is located on the coast of Río Muni, near the border with Gabon. Bata serves as a major port city and an economic hub for the country.
Mbini (formerly known as San Antonio de Palea):
Mbini, formerly known as San Antonio de Palea, is a town located in Río Muni, near the coast. It is one of the larger urban centers in the country and is known for its proximity to the coast and river.
Ebebiyin is a town situated in the northeastern part of Río Muni, close to the border with Gabon and Cameroon. It serves as an important transportation and trade center.
Aconibe is a town located in the central part of Río Muni. While smaller than some of the larger cities, it is one of the notable urban areas in the continental region of Equatorial Guinea.
Economy of Equatorial Guinea
Gross Domestic Product (GDP):
Equatorial Guinea's GDP was approximately 10 billion USD (in current U.S. dollars) in 2020.
GDP Growth Rate:
The country has experienced fluctuating GDP growth rates, often closely tied to global oil prices. Prior to 2020, the economy faced challenges due to falling oil prices.
GDP per Capita:
Equatorial Guinea's GDP per capita was relatively high compared to many African countries, at around 7,000 to 8,000 USD (in current U.S. dollars) in 2020. However, income inequality has been a concern.
The oil and gas sector has historically dominated Equatorial Guinea's economy, accounting for a significant portion of its GDP and government revenue. Other sectors, such as agriculture and fishing, have seen limited development.
Equatorial Guinea is one of Africa's largest oil producers. Oil production and exports play a crucial role in the country's economy. The government has sought to diversify the economy beyond oil and gas.
Efforts have been made to develop non-oil sectors, including agriculture, tourism, and infrastructure projects. However, these sectors have not yet reached their full potential.
Equatorial Guinea has sought foreign investment to develop its economy. It has also established special economic zones to attract investment in various sectors.
The Central African CFA franc (XAF) is the official currency of Equatorial Guinea.
Equatorial Guinea faces economic challenges, including income inequality, governance issues, and a need for economic diversification to reduce dependence on oil.
The country has faced issues related to its external debt and has sought assistance from international financial institutions.
Five Largest Companies in Equatorial Guinea
Sonagas (Equatorial Guinea National Gas Company):
Sonagas is the state-owned national gas company of Equatorial Guinea. It is involved in the production, processing, and distribution of natural gas in the country.
GEPetrol (Equatorial Guinea Oil Company):
GEPetrol is the state-owned oil company of Equatorial Guinea. It plays a central role in the exploration, production, and marketing of oil and gas resources in the country.
Noble Energy is an international oil and gas exploration and production company with operations in Equatorial Guinea. The company has been involved in offshore oil exploration and production in the country.
ExxonMobil, one of the world's largest multinational oil and gas corporations, has had a presence in Equatorial Guinea through its subsidiary, Mobil Equatorial Guinea, Inc. It has been involved in offshore oil and gas exploration and development.
Marathon Oil is another international energy company with operations in Equatorial Guinea. It has been involved in oil exploration and production activities in the country's offshore fields.
Five Largest Banks in Equatorial Guinea
Banque des Etats de l'Afrique Centrale (BEAC):
BEAC is the central bank of the Central African Economic and Monetary Community (CEMAC), which includes Equatorial Guinea. It oversees monetary policy and banking regulations within the CEMAC region.
Ecobank Equatorial Guinea:
Ecobank, a pan-African banking group, has a presence in Equatorial Guinea. Ecobank Equatorial Guinea offers a range of banking and financial services to individuals and businesses.
Bank of Central African States (BEAC) Equatorial Guinea Branch:
The Equatorial Guinea branch of BEAC serves as the central bank for the country and plays a crucial role in implementing monetary policies and regulating the banking sector.
BGFI Bank Equatorial Guinea:
BGFI Bank, based in Gabon, has a subsidiary operating in Equatorial Guinea. BGFI Bank Equatorial Guinea provides banking services to customers in the country.
Banque Gabonaise et Française Internationale (BGFI Bank):
BGFI Bank, headquartered in Gabon, is one of the banks with a presence in Equatorial Guinea. It offers banking services, including retail and corporate banking.
Company Directory by Sector
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