The Red Line cover image

99 - Equatorial Guinea: The North Korea of Africa

The Red Line

00:00

The Corruption of Equatorial Guinea

In 1995, Equatorial Guinea discovered huge deposits of oil just offshore. In less than a year, foreign companies had started moving into extract the oil. A lot of people predicted that Equatorial Guinea might become one of the economic powerhouses of Sub-Saharan Africa. But in reality, how much of that oil actually flowed back toward the general public?

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app