The Bantu people make up the bulk of Equatorial Guinea’s population. The Fang, the biggest ethnic group, are native to the mainland, but significant migration to Bioko Island during the twentieth century has resulted in the Fang population surpassing that of the previous Bubi people. The Fang make about 80% of the population and are divided into 67 clans. Fang-Ntumu is spoken in the north of Ro Muni, whereas Fang-Okah is spoken in the south; the two dialects vary but are mutually intelligible. Fang dialects may also be found in adjacent Cameroon (Bulu) and Gabon. While still understandable, these dialects are more different. The Bubi, who make up 15% of the population, are Bioko Island’s indigenous people. The hamlet of Niefang (the Fang’s boundary), east of Bata, served as a traditional dividing line between the Fang and the ‘Beach’ (inland) ethnic groups.
There are other coastal ethnic groups known as Ndowe or “Playeros” (Spanish for “Beach People”), including Combes, Bujebas, Balengues, and Bengas on the mainland and small islands, as well as Fernandinos, a Krio village on Bioko Island. These groups together account for 5% of the population. In addition, some Europeans (mostly of Spanish or Portuguese origin, with others with partial African ancestry) reside in the country. After independence, the majority of ethnic Spaniards fled.
Foreigners from neighboring Cameroon, Nigeria, and Gabon are increasingly flocking to the country. According to the Encyclopedia of the Stateless Nations (2002), Igbo, a southeastern Nigerian ethnic group, made about 7% of Bioko islanders. As laborers on cocoa and coffee plantations, Equatorial Guinea welcomed Asians and black Africans from other nations. Liberians, Angolans, and Mozambicans were among the black Africans who arrived. The majority of Asians are Chinese, with a minor number of Indians.
Equatorial Guinea has also been a popular destination for fortune-seekers from the United Kingdom, France, and Germany. There are also Israelis and Moroccans who live and work in the area. Since the 1990s, oil production has resulted in a population tripling in Malabo. Thousands of Equatorial Guineans fled to Spain after the country’s independence. Because to Francisco Macas Nguema’s tyranny, another 100,000 Equatorial Guineans fled to Cameroon, Gabon, and Nigeria. Latin America, the United States, Portugal, and France all have Equatorial Guinean populations.
Equatorial Guinea belongs to the Organization for the Harmonization of African Business Law (OHADA). Equatorial Guinea attempted to be recognized as an Extractive Industries Transparency Initiative (EITI)–compliant nation, focusing on oil income transparency and wise use of natural resource riches. The nation was one of thirty that applied for candidate status, which it received on February 22, 2008. It was then required to fulfill a number of requirements, including committing to work with civil society and businesses on EITI implementation, appointing a senior individual to lead EITI implementation, and publishing a fully costed Work Plan with measurable targets, a timeline for implementation, and an assessment of capacity constraints. The EITI Board, however, refused to grant Equatorial Guinea’s request to extend the deadline for completing EITI certification.
Equatorial Guinea has the greatest GNI (Gross National Income) per capita of any Sub-Saharan nation, according to the World Bank. It is 83 times more than Burundi’s GNI per capita, which is the world’s poorest nation.
Equatorial Guinea’s main religion is Christianity, which is practiced by 93 percent of the population. The bulk of people are Roman Catholics (87%) with a small percentage of Protestants (5 percent ). Islam is practiced by 2% of the population (mainly Sunni). The remaining 5% follow Animism, the Bahá’ Faith, and other faiths.
Equatorial Guinea is a country in western Africa. The nation is made up of five tiny islands: Bioko, Corisco, Annobón, Elobey Chico (Small Elobey), and Elobey Grande, which are all surrounded by Cameroon to the north and Gabon to the east and south (Great Elobey). Malabo, Cameroon’s capital, is approximately 40 kilometers (25 miles) off the coast of Bioko. Annobón Island is located approximately 350 kilometers (220 miles) west-southwest of Gabon’s Cape Lopez. In Corisco Bay, on the boundary between Ro Muni and Gabon, are Corisco and the two Elobey islands.
Equatorial Guinea is located between 4°N and 2°S latitudes and 5° and 12°E longitudes. Except for the insular Annobón Province, which is approximately 155 km (96 mi) south of the equator, no portion of the country’s territory is on the equator—it is in the northern hemisphere.
The climate of Equatorial Guinea is tropical, with distinct wet and dry seasons. Ro Muni is dry and Bioko is wet from June to August, and vice versa from December to February. There is a gradual shift in between. On Annobón, rain or mist falls every day, and there has never been a clear day. The temperature in Malabo, Bioko, varies from 16 °C (61 °F) to 33 °C (91 °F), but typical high temperatures in the southern Moka Plateau are around 21 °C (70 °F). The average temperature at Ro Muni is about 27 °C (81 °F). The annual rainfall ranges from 1,930 mm (76 in) in Malabo to 10,920 mm (430 in) in Ureka, Bioko, with Ro Muni being somewhat drier.
Equatorial Guinea is divided into several ecoregions. Except for pockets of Central African mangroves on the shore, particularly in the Muni River estuary, the Ro Muni region is part of the Atlantic Equatorial coastal forests ecoregion. On the African continent, the Cross-Sanaga-Bioko coastal forests ecoregion encompasses most of Bioko and neighboring parts of Cameroon and Nigeria, while the Mount Cameroon and Bioko montane forests ecoregion include Bioko’s highlands and nearby Mount Cameroon.
The wet lowland forests ecoregion of So Tomé, Prncipe, and Annobón include all of Annobón, as well as So Tomé and Prncipe.
Pre-independence Equatorial Guinea sold cocoa, coffee, and wood to Spain, its colonial master, as well as Germany and the United Kingdom. The nation became the first non-Francophone African member of the franc zone on January 1, 1985, when it adopted the CFA franc as its currency. The ekwele, the national currency, was formerly tied to the Spanish peseta.
The discovery and subsequent exploitation of substantial oil reserves in 1996 resulted in a significant boost in government income. Equatorial Guinea is Sub-Saharan Africa’s third-largest oil production as of 2004. It now produces 360,000 barrels per day (57,000 m3/d) of oil, up from 220,000 only two years ago.
Forestry, farming, and fishing are all significant contributors to GDP. Subsistence farming is the norm. The rural economy has deteriorated under successive harsh regimes, reducing any possibility for agriculture-led development.
Riggs Bank, a Washington-based bank into which most of Equatorial Guinea’s oil earnings were sent until recently, and which previously banked for Chile’s Augusto Pinochet, was the subject of a Senate inquiry in July 2004. In the case of Equatorial Guinea, the Senate investigation revealed that Obiang, his family, and top regime officials stole at least $35 million. The president has vehemently rejected any misconduct on his part. While Riggs Bank paid $9 million in compensation to Chile’s Augusto Pinochet in February 2005, no restitution was paid to Equatorial Guinea, as detailed in an Anti-Money Laundering Report published by Inner City Press.