Fund for Future Generations (Equatorial Guinea)

At a glance. Equatorial Guinea's Fund for Future Generations is an oil savings fund set up in 2002. It receives 0.5 percent of oil revenue each year and is held with the regional central bank, BEAC. An African Development Bank country report put it at about FCFA 57 billion (USD 95.2 million) in 2026. Allocations and fund rules are not published. S1 S2

Key points

• Founded in 2002 as a savings fund, not a development fund. S1
• Receives 0.5 percent of oil revenue each year. S1 S2
• About FCFA 57 billion (USD 95.2 million) per the AfDB 2026 country report. S2
• Held and managed with BEAC, the CEMAC regional central bank. S1
• Its stated aim is to keep part of oil wealth for when revenue declines. S3
• A 2024 decree signals intent to set up a new sovereign wealth fund. S1

Interesting facts

• The AfDB figure equals about 0.05 percent of African sovereign fund assets. S2
• The 2024 budget lists separate co-investment and oil investment special funds. S4
• The AfDB report suggests using fund resources to back local firms and SMEs. S2

Mandate and goals

A savings fund meant to preserve part of oil wealth for future generations, for use when oil revenue falls. S1 S3

• Save part of oil revenue for future generations. S1
• Provide resources for when oil income declines. S3
• Spending rule: Inflow rule: 0.5 percent of oil revenue each year; no withdrawal rule is published S1

How it invests

Past investments

The fund has not published a list of investments.

Case studies

Two decades of oil savings S1 S2

• What: Since 2002 the fund has taken 0.5 percent of oil revenue each year into a savings pot held with BEAC.
• When: 2002 to 2026
• Size: About USD 95.2M (2026)
• Why: Keep part of oil wealth for future generations.
• Outcome: The AfDB 2026 report quantified the balance at FCFA 57 billion and set out options to build it up.

Investment process

The fund is held and managed with BEAC; the regulations that govern it are not published. S1

1. Oil revenue accrues to the state. S1
2. 0.5 percent is set aside for the fund each year. S1
3. The fund appears as a special fund line in the national budget. S4
4. Balances are held with BEAC. S1

How to approach: No investment process or contact route is published. S1

Size and returns

• Headline size: FCFA 57B (USD 95.2M) (Published estimate, as of 2026-08-17) S2
• In US dollars: about USD 0.095B. USD figure as reported with the AfDB data
• Third-party estimate cited by the State Department, 2024: USD 165.5M (Published estimate, as of 2026-09-01) S1
• Returns: the fund does not publish a return figure.

Leadership

Governance and transparency

• Legal basis: Regulations not published; special fund line in the 2024 budget S1 S4
• Oversight: Government of Equatorial Guinea and BEAC S1
• Equatorial Guinea is in CEMAC; BEAC has national offices in Malabo, Bata and Ebibeyin. S6

Transparency score: 1.0 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

• Partly published: total assets, regular reporting schedule. S2 S4
• Not published: annual return, long-term returns, asset allocation, geographic or sector split, holdings or deal list, audited financial statements, governance and mandate documents, named leadership. S1

History

Common questions

How big is the Fund for Future Generations?

About USD 95.2 million (FCFA 57 billion) per the AfDB 2026 report; other estimates differ. S2

How is it funded?

With 0.5 percent of oil revenue each year. S1

Who runs it?

It is held and managed with BEAC; no fund-level head is published. S1

Is there a website or annual report?

No. S1

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All sovereign wealth funds in Africa · All savings and future generations funds · All funds in Equatorial Guinea

Sources

1. S1US State Department, 2026 Investment Climate Statement: Equatorial Guinea
2. S2Ecomatin, AfDB country report on the Equatorial Guinea sovereign fund (17 August 2026)
3. S3Radio Macuto, Fund for Future Generations (18 August 2026)
4. S4Equatorial Guinea, enacted budget 2024
5. S5Wikipedia, Yvon Sana Bangui
6. S6US State Department, 2024 Investment Climate Statement: Equatorial Guinea