Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: Obiang Approves Ports of Malabo and Bata in Turkish Hands

Seen as an arrangement between the core of Turkish power and the family of President TEODORO OBIANG (TO), the deal mortgages the country's main ports for a period of 25 years, which can be extended up to 30 years. The Albayrak group belongs to BERAT ALBAYRAK, one of the exponents of the Turkish oligarchy, former Minister of Energy and Finance, and son-in-law of President RECEP ERDOGAN. READ MORE