Equatorial Guinea – Fund for Future Generations

Equatorial Guinea US$ 80 million Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2002
Transparency Rating: n/a
View Sovereign Fund Transaction Data
Firm Investment Style: n/a
Entity Structure: Fund
Population Est.: 757,014 – 2013

Fund Details

Strategy & Objectives
The fund has very little assets compared to other sub-Saharan African sovereign funds.

Governance
It is managed by the Bank of Central African States (BEAC).

Summary
The Government of Equatorial Guinea is committed to placing 0.5% of all oil revenues into the Fund for Future Generations. It is also known as Fonds de Réserves pour Générations Futures.

Background
In 1965, license blocks were first allocated by the Spanish administration and offered for international tender. The awards went to entities operated by Mobil and Spanish Gulf Oil (Spangoc). These initial exploration efforts led to no commercial viability. In the next few decades, the government was able to attract more global energy companies.

In 2006, the contributions of hydrocarbons to Equatorial Guinea’s domestic product was 87%.