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Equatorial Guinea, Africa

LIST OF INSURANCE COMPANIES LOGOS IN EQUATORIAL GUINEA

Equatorial Guinea, AfricaEquatorial Guinea, Africa – World Insurance Companies Logos. The graphic mark of a company is synonymous with its brand. In insurance, a logo is immediately recognizable and allows the customer to associate the company with the useful qualities like trust, the fair price and many other essential questions about the task of finding the best insurance.

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Equatorial Guinea

Pre-independence this country counted on cocoa production for hard currency earnings. On 1 January 1985, the country became the first non-Francophone African member of the franc zone, adopting the CFA as its currency. The national currency, the ekwele, was previously linked to the Spanish peseta.

The discovery of large oil reserves in 1996 and its subsequent exploitation have contributed to a dramatic increase in government revenue. As of 2004,[42] Equatorial Guinea is the third-largest oil producer in Sub-Saharan Africa. Its oil production has risen to 360,000 barrels per day (57,000 m3/d), up from 220,000 only two years earlier.

Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. The deterioration of the rural economy under successive brutal regimes has diminished any potential for agriculture-led growth.
Equatorial Guinea is a member of the Organization for the Harmonization of Business Law in Africa (OHADA). Equatorial Guinea tried to become validated as an Extractive Industries Transparency Initiative (EITI)–compliant country, working toward transparency in reporting of oil revenues and the prudent use of natural resource wealth.

The country was one of thirty candidate countries and obtained candidate status on 22 February 2008. It was then required to meet a number of obligations to do so, including committing to working with civil society and companies on EITI implementation, appointing a senior individual to lead on EITI implementation, and publishing a fully costed Work Plan with measurable targets, a timetable for implementation and an assessment of capacity constraints.

However, when Equatorial Guinea applied to extend the deadline for completing EITI validation, the EITI Board did not agree to the extension.
According to the World Bank, Equatorial Guinea has the highest GNI (Gross National Income) per capita of any other Sub-Saharan country. It is 83 times larger than the GNI per capita of Burundi which is the poorest country.

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Equatorial Guinea, Africa – World Insurance Companies Logos

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