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Gold/Mining/Energy : CFV - Camphor Ventures
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To: skelly who wrote (324)9/2/1999
From: John Soileau   of 407
 
A little info about Equatorial Guinea. Francisco Nguema was elected president in 1968. By 1972 he had dissolved all opposition parties, began rule by decree, and made himself "president for life" (I'm not making this up). A reign of terror followed, during which 1/3 of the population was killed or exiled. Foreigners were thrown out, the economy was ruined. In 1979 the president's own nephew Teodoro Obiang overthrew him in a military coup, and Nguema was executed. A 1991 constitution called for multiparty rule, but Obiang (ahem) "retains firm control". This is from a 1997 Almanac. Per capita income in 1993 was only $700 per annum.
LOVELY place to do business, way better than boring old Canada with it's multiparty democracy and undiluted kimberlite pipes.
Sheesh.
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