Malabo Equatorial Guinea Real Estate
The son of the president of Equatorial Guinea is currently on trial for corruption, accused of using money from his country's oil revenues to buy Parisian palaces and exotic cars. American oil companies are investigating whether they have unlawfully benefited the country's despotic ruler.
As part of the investigation, French police raided an Equatorial Guinea building in an affluent district of Paris in February. Interest in the land deal grew out of a money laundering investigation involving a Riggs Bank account in Washington through Equatorial Guinea. French judges handling the case for misappropriation of public funds are suspected of having used public funds to buy real estate in France for Equatorial Guinea. This reporter tried to find documents that definitively prove that the company owned the properties in Paris and other wealthy areas of France, but was prevented from doing so.
In order to encourage additional construction, large companies operating in Equatorial Guinea must agree to build at least one representative building in Malabo II. To achieve this, six procedures are required, which take 23 days and require the consent of the local government.
Other investment projects include the construction of Malabo International Airport, a new airport terminal and the development of an international airport in the city.
It is hard not to be impressed when you arrive in the nouveau-riche nation of Equatorial Guinea and are invited as a guest of the president. The roads are perfect, the hotels are generally excellent and it is also clean, but let me also say that it has the same quality of life as any other country in Africa, including South Africa. As for the government's diktat, let us say it again, it is trying its best to be a country governed by law. It is very pleasant to be in Equatorial Guinea, because it is hard not to be impressed when you arrive in such a new, richer nation. Basically, you have what you want: clean air, clean water, good food, a clean environment and the best of all, free healthcare.
Equatorial Guinea is not a member of the World Trade Organisation (WTO), but it is listed as an observer government and has tried to confirm this on its own terms. Ohada's competition law should be applied in Equatorial Guinea and it signed the International Monetary Fund (IMF) and the European Union (EU) in 1999. It is the only African country to have a free trade agreement with the United States of America.
The CPLP has refused full membership to Equatorial Guinea because of its persistent serious human rights violations. In response, the Spaniards announced that they would hold a constitutional convention to negotiate a new constitution for an independent Equatorial Guinea.
As mentioned earlier, a state of alert has been declared for health reasons in Equatorial Guinea. But a growing number of human rights violations, as well as the threat of violence, have led the president of the Republic to believe that it is necessary to declare a "state of alert" because Equatorial Guinea's "health concerns" have been "declared" for the first time in its history.
One mistake about Equatorial Guinea is that there is no functioning democracy, but that obviously has to do with state funding and without functioning political parties. Nevertheless, after five days on the journey, I say with confidence that this is the strangest country in the world. For better or worse, you'll probably say it's one of the strangest countries in the world, and then the cream - fitting for Yalland, who was steeped in his opinion.
The name of the former colony of Spanish Guinea after independence recalls the location between the equator and the Gulf of Guinea. There are no plans for a future capital, but there are plans for a new capital in the southwest of the country with a population of 1.5 million.
With 1.5 million inhabitants, it is the second largest city in the country and the third largest in Africa after Guinea-Bissau and Senegal.
The Republic of Equatorial Guinea is a small upper middle class country consisting of a number of small islands, including Bioko Island, where the capital Malabo is located. Designed by a Spanish architectural firm, it resembles a crescent-shaped moon from above. The Orwellian complex, grafted on to its capital, Malamo, is the face Equatorial Guinea wants to present to the world. The island of Biokos is located in the northernmost part of Equatorial Guinea and is the seat of the capital of the country Malabar.
Influenced by the tropical climate of Equatorial Guinea, the rainy and dry season is pronounced, with temperatures in the capital Malabos ranging between 16 and 33 degrees.
Since its independence, Equatorial Guinea has exported cocoa, coffee and wood and is also a popular destination for European immigrants seeking their fortune in Africa, Asia and the Middle East, as well as in Europe.