Equatorial Guinea

In-depth country-focused analysis on Equatorial Guinea's economic, political and operational risk environment, complemented by detailed sector insight

Equatorial Guinea

Our comprehensive assessment of Equatorial Guinea's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Equatorial Guinea, as well as the latest industry developments that could impact Equatorial Guinea's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Equatorial Guinea before your competitors.

Country Risk

Equatorial Guinea Country Risk

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CORE VIEWS

  • Annual real GDP growth in Benin will average 5.2% between 2015 and 2024 as consumer spending increases and the country's political stability engenders elevated levels of fixed investment. Nevertheless, a sporadic electricity supply and reliance on cotton production will hold back the pace of economic development.

  • Benin's political landscape shows little sign of fragility, and will remain one of the most stable, open and accountable in West Africa in the years ahead, enjoined by a free press and a multitude of political parties. Nevertheless, the country faces challenges in the long term such as an overspill of violence from piracy and terrorist activity in the region, and the potential for tribal/ethnic schisms to open.

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Equatorial Guinea Country Risk

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Core Views

  • Equatorial Guinea faces a challenging decade ahead as subdued global oil prices and declining domestic hydrocarbons production squeezes government revenues, crucial for supporting fixed investment. The authoritarian nature of the government and endemic corruption are likely to continue deterring Western fixed investment, while rampant poverty holds back private consumption,

  • Equatorial Guinea will face significant macroeconomic pressure in 2016 in the wake of suppressed oil prices and diminishing domestic oil supply. Equatorial Guinea's over-reliance on its hydrocarbon sector will provide significant headwinds to economic growth due to significantly lower export earnings and fiscal revenues.

  • The Banque des Etats de l'Afrique Centrale will maintain the key policy rate at 2.45% throughout 2016, following the decision...

Equatorial Guinea Industry Coverage (1)

Oil & Gas

Equatorial Guinea Oil & Gas

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BMI View: Equatorial Guinea's oil output will see smaller decline rates over the coming years on the back of several smaller projects. However, maturing fields and lack of new significant discoveries will continue to push the production volumes to the downside over our entire forecast period. Ophir's Fortuna FLNG project will be the most important upside to the country's gas production and net exports. While the company targets a FID by mid-2016, we highlight risks to the project due to slowing global demand for LNG and the large wave of LNG projects coming online within the coming...

Latest Equatorial Guinea Articles

  • Record profits achieved in 2015 were due, in no small part, to the performa...

  • We are bullish oil prices from a multi-month perspective and maintain our f...

  • Below, we analyse the elections at a presidential, legislative and regional...

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