Equatorial Guinea, a member of The Organization of the Petroleum Exporting Countries (OPEC), has a population of 1.3 million.  Malabo, the capital city, had a population of approximately 300,000 inhabitants.  The growth rate is 3.7%, however, public transport facilities are extremely limited.  The current public transportation infrastructure is insufficient to meet the increasing demand.

African cities are growing faster than in any region in the world. By 2050, 60 percent of people in Africa will live in cities.  Improvements to city services, infrastructure, and transportation are not keeping pace with this growth.

Public transportation development

Minibuses are a common form of public transportation in Equatorial Guinea.  However, they are always overcrowded.  They are not scheduled.

Most major roads on Bioko Island and the Rio Muni mainland are now paved. In some isolated rural areas, the condition of the roads is likely to be poor. Police and military roadblocks are common.

Source from Holding Guinea Ecuatorial :

The strong investment in quality infrastructure promoted by the first phase of the “2020 Development Plan”, it has given Equatorial Guinea a modern network for the growth of this sector.

Port:  The country’s main port located in Malabo has been remodeled to expand its capacity and can accommodate vessels up to 16 meters deep.

Airport: Airports in the major cities, Malabo and Bata, have also been refurbished with the construction of modern terminals.

Road: A modern network of roads and highways has been built throughout the country.

Government financial problem

Although it is a member of OPEC, the economy has been hit hard by the decline in oil and gas prices, which has affected export earnings and led to a virtual depletion of foreign assets.  The economy has also been affected by long-standing governance and corruption problems.

27 Dec 2019 businesslive.co.za

The IMF last week gave the green light to a $280m loan to Equatorial Guinea.

Business opportunity

One of the UN’s 17 Goals, urbanization can be a catalyst for rural development.  A sustainable transportation system is a key to success.

Relying on loans and debts from foreign countries cannot be sustained because inherent problems such as shortage of cash notes, driver’s fraud, and fake money for public transportation are not resolved.

Sustainable growth in public transportation development can be easily achieved with the implementation of an Automatic Fare Collection (AFC) System.

However, most AFC systems are very expensive with comprehensive software for account-based and financial clearance.

A low cost and effective AFC system suitable for Malabo have to be used.

The writer is a frequency traveler.  For more detail, please visit mobileafc.net.

Post Author: GCSharing

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