What is Malabo Equatorial Guinea known for?

What is Malabo Equatorial Guinea known for?

Malabo serves as the commercial and financial center within the country. The harbor is a critical seaport in the region and exports cocoa, timber, and coffee. The city’s main industry is fish processing.

Why is Malabo the capital of Equatorial Guinea?

Malabo, located at a much lower elevation and within the Gulf of Guinea (the Bight of Bonny portion) has an especially hot and humid climate. In a nutshell, moving Equatorial Guinea’s capital city is about easier access and a milder climate relative to the rest of the country.

Which country is Malabo located?

Equatorial Guinea
Equatorial Guinea is a small country on the west coast of Africa which struck oil in 1995 and which is now being cited as a textbook case of the resource curse – or the paradox of plenty. It is made up of a mainland territory called Rio Muni, and five islands including Bioko, where the capital Malabo is located.

What was Equatorial Guinea called before?

Formerly a colony of Spain with the name Spanish Guinea, the country achieved its independence on October 12, 1968. The capital is Malabo, on Bioko. Encyclopædia Britannica, Inc. Equatorial Guinea Encyclopædia Britannica, Inc.

What is Equatorial Guinea famous for?

2. It is the third largest oil exporter in Sub-Saharan Africa. As one of the largest oil producers in Africa, Equatorial Guinea relies on this product to keep its economy moving. Crude petroleum makes up 69% of its total exports at a value of $4.1 billion.

Is Equatorial Guinea safe?

Equatorial Guinea is, for the most part, a safe country to visit. However it does have an extremely high crime rate, though it’s mainly ridden with petty street crime. You should be vigilant and take all possible precaution measures in order to minimize the risk of getting stolen from.

Who founded Malabo?

Later, the island was named after its discoverer, Fernando Pó. At the beginning of the 16th century, specifically in 1507, the Portuguese Ramos de Esquivel made a first attempt at colonization on the island of Fernando Pó. He established a factory in Concepción (now Riaba) and developed plantations of sugarcane.

What currency is used in Malabo?

Central African Franc
The local currency is the Central African Franc (CFA), issued by the Banque des Etats de L’Afrique Centrale (BEAC).

Where is Guinea Ecuatorial located?

Equatorial Guinea/Continent

How was Guinea Ecuatorial discovered?

HISTORY OF EQUATORIAL GUINEA. A large island off the Guinea coast (the site today of Malabo, capital of Equatorial Guinea) becomes known in history as Fernando Po – because it is first reached, in about 1472, by the Portuguese navigator Fernão do Pó. In 1778 Portugal assigns these rights to Spain.

Who founded Equatorial Guinea?

The islands of Fernando Pó and Annobón were colonized by Portugal in 1474. In 1778, Queen Maria I of Portugal and King Charles III of Spain signed the Treaty of El Pardo which ceded the Bioko, adjacent islets, and commercial rights to the Bight of Biafra between the Niger and Ogoue rivers to Spain.

Does Equatorial Guinea speak Spanish?

5 Things To Know About Equatorial Guinea, Africa’s Only Spanish-Speaking Country. Though Latin America’s African roots are not exactly a secret, it’s not as commonly known that Africa is home to a country that counts Spanish as one of its official languages.