Equatorial Guinea: top investment destination
BUSINESS| July 24, 2012, 10:44 a.m.
Supporting its initiatives to grow foreign investment in the country, Equatorial Guinea has highlighted the fact that it has been listed as a top destination for foreign private investment in Africa.
The government of Equatorial Guinea announced today that the report African Economic Outlook, by the Organization for Economic Cooperation and Development, indicates that Equatorial Guinea has one of the highest Gross Domestic Product (GDP) per capita rates in the continent, and has become one of the largest producers of oil in sub-Saharan Africa.
“Another of the most remarkable statistics is that currently, our country is the first African destination for foreign private investment,” the government says.
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