Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: Government to Concession Bankrupt Public Companies and Liquidate Debts to Foreign Suppliers

The government is expected to proceed with the concession of GETESA and SEGESA to private companies, foreseeably keeping part of the public capital. The reputation of public companies is very negative, making them unattractive to potential investors.
Foreign companies' lack of confidence in the government is total and many try to “play” the system in an attempt to be paid, usually using members of or close to the Obiang family. READ MORE