Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: Government Accelerates Sale of Ceiba Airlines

The National and Financial Committee, chaired by the Finance Minister FORTUNATO OFA MBO NCHAMA confirmed, on 18.MAR, that the weight of deficit public companies on the Treasury is becoming unbearable, in the face of the constant decline of GDP (-5,5% in 2023), the most pronounced in the CEMAC zone, mainly due to the fall in the price and production of hydrocarbons and the persistence of inflationary pressures. READ MORE