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Article: World's fastest growing economy: Africa's Kuwait.(Equatorial Guinea)
- Article from:
- African Business
- Article date:
- January 1, 2004
CopyrightCOPYRIGHT 2004 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Equatorial Guinea has achieved the astonishing record as the fastest growing economy in the world. This is largely thanks to the discovery of rich offshore oil fields some four years ago. The future, as they say, is another country. Our Special Report highlights the country's determination to use its oil revenues to diversify its economy.
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Equatorial Guinea, despite its relatively small size, has lived through one of West Africa's most dramatic histories. Records go back to the 15th century, at the height of the European voyages of discovery. Portuguese and Spanish explorers, ...