Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: Government Confronts Oil Companies on Capital Flght

This offensive, dictated by the need to increase the liquidity of banks and tax revenues, has been led by the ministers of Finance and Budget FORTUNATO OFA MBO (FOM) and of Mines and Hydrocarbons ANTONIO OBURU ONDO. The control of the process will be guaranteed by a commission composed of the two ministries and representatives of companies and commercial banks. READ MORE