Economy of Equatorial Guinea

PEOPLE OF EQUATORIAL GUINEA

The population of Equatorial Guinea is separated into several ethnic groups namely the Fang, Bubi, Bisio, Bujeba, Ndowe, Combe and Annobónese community.

The official language of the region is Spanish. Though French is even widely accepted.

Greeting is considered as an important gesture among the local natives residing in this region. People indulge in social interaction where touching or conversing close to one other is considered important as it shows due respect between one another.

ARTS, CULTURE AND MUSIC OF EQUATORIAL GUINEA

Art: The Equatorial Guinea is known for traditionally designing sculpture or indulging in mask making. Fang art is an abstract form of art that is quite popular here within the region.

Culture: The rich culture of this region is influenced and motivated with Spanish domain derieving since the colonial period. Abira is their local festival that clean away all kinds of community evil which is celebrated in a big way. The balélé dance can be seen along the coastal region every year during the Christmas time in Bioko.

Music: The Fang community are recognised by their mvet music which is a blend between the zither and a harp. The place is famous for its music styles which includes soukous and makossa's Pan African styles. Apart from these reggae and rock and roll are also quite in vogue. The balélé and the risque ibanga are the main native dance of this region, which is accompanied with sanza, xylophone, drums, zithers, and bow harps instruments. Ibanga is the popular Fang dance of the region.

FLAG OF EQUATORIAL GUINEA

The flag of Equatorial Guinea was accepted during the month of October 12, 1968. The flag is designed with horizontal color tricolor bands with green color on the

topmost band, white in the center and red at the bottommost. A blue triangle overlaps a portion of these three bands from the hoist side. The Coat of arms is placed beautifully in the center portion of the white band.

It is the color blue that denotes the sea while the green symbolizes the rich country farmlands and the red signifies the independence of the place. There is a silk cotton tree that lies in the center position of the silver shield. The six different part of the country is depicted from the gold stars placed above the shield. The flag carries the message of national motto, which is basically Unity, Peace and Justice.

ECONOMY OF EQUATORIAL GUINEA

The economic growth of Equatorial Guinea depends on the region's massive oil production. It is even recognized, as the third-largest oil producer as far as the areas of Sub-Saharan Africa is concerned.

Initially cocoa production was a major source of revenue income within the country.

The economic growth mainly depends on Forestry, farming and fishing presently.

The natural resources of this region include elements like titanium, iron ore, manganese, uranium, and alluvial gold.

The agricultural production of the region includes Coffee, cocoa, rice, yams, cassava, bananas, palm oil, nuts, livestock and timber.

The commodities that are imported here includes petroleum, manufactured goods and equipment. The exported goods includes timber and cocoa.

The prevelant industry of the region are Petroleum, fishing, sawmilling, natural gas.

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