Browsing: Guinea-Bissau

The report revealed that President Sissoco Embaló had single-handedly negotiated and signed the agreement in October 2020, which stated an uneven share of any future revenues from oil and gas exploration in the sea area located between the two countries.
Guinea Bissau’s prime minister, Nuno Nabiam, as well as the country’s parliament, did not have any hint about the deal. The O Democrata report must have triggered the government as it released the details of the agreement on December 14th.
Armando Lona, Editor of O Democrata, said that the agreement provided for the share of future oil and gas revenues between the countries, but the ratio was unfavorable to Guinea Bissau. Lona declared the agreement illegal, saying that the President had bypassed the public on an issue of national significance…

For those investing and particularly interested in Africa, Guinea-Bissau is a country which, so far, has been “under the radar” for most of the investors.

Located in West Africa, bordering with Senegal and Guinea Conakry, Guinea-Bissau is a relatively small country, with 36.125 sq. Km. Around 25% of the total population (estimated in 2.072.000, by figures of April 2020) is based in the capital (Bissau).

The official language is Portuguese, with some other native languages been used (like Balanka, Fula and Mandinka). French is also spoken, due to the influence of the two neighboring countries. Most of the population is Muslim (45%), with 22,1% of Christians and the outstanding percentage spread by indigenous traditional popular religions. Guinea-Bissau is also characterized by a very high level of young population (the medium average age is only 18 years).

Politics in Guinea-Bissau

The political regime is a constitutional democracy, with …