A Tiny Tyranny in Equatorial Guinea Sustained by Oil Riches

Bloomberg (06/13/2019)
  • Equatorial Guinea (West Africa) has been ruled by authoritarian President Teodoro Obiang Nguema Mbasogo for 40 years.
  • After receiving military training in Spain (former colonizer), Obiang overthrew (killed) his uncle to become President.
  • Despite being (relatively) oil rich for its size, less than half of the country’s 1.3 million people have access to clean water.
  • Obiang hordes most of the oil wealth for himself and associates.
  • His son spent $300 million on luxuries from 2004-2011.
  • The government intentionally underfunds education to prevent uprisings.