#AfricaSummit #EquatorialGuinea Our World See this report at worldfolio.co.uk Wednesday August 6, 2014 EQUATORIAL GUINEA Africa’s small giant U.S.-Africa Leaders Summit 2014 Washington, DC This supplement to USA TODAY was produced by United World Ltd., Suite 179, 34 Buckingham Palace Road, London SW1W 0RH – Tel: +44 20 7409 3106 –
[email protected] – www.unitedworld-usa.com t one time per- in its diplomatic and economic haps Africa’s The citizens of the continent’s wealthiest country per capita are now seeing strategy to help develop Africa. least-known na- the benefits of oil revenues, thanks to the government’s heavy investments Successive U.S. adminis- tion, the Repub- trations have worked with lic of Equatorial in public works and social infrastructure President Obiang to further Guinea is beginning to make improve the country’s political Anews as the world learns of its freedoms, human rights per- extensive petroleum reserves formance, financial transpar- and the government’s ambi- ency and the standard of living tious efforts to spend that lar- of the average citizen, as well as gesse on improving the lives of the proper use of the country’s the country’s almost 1.3 million petroleum riches. citizens. In commercial activities, Foreign investors have most of Equatorial Guinea’s poured into the country lo- exported oil goes to the U.S. cated in the heart of the west American companies in the central African region on the oil, construction and security Atlantic Ocean, lured by one sectors have one of the largest of the world’s fastest growing foreign presences in Equatorial economies which is fueled by Guinea and relations are so close proved petroleum reserves of that the African nation allows more than 1 billion barrels of American passport holders crude and 1.3 trillion cubic feet visa-free entrance, with the U.S.