Word: teodoro
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Contrasted with the very visible modern structures of President Teodoro Obiang’s government and family, the deplorable slums of Malabo are a visual hypocrisy staring everyone in the face. Tackling government corruption and greed in a developing context is admittedly a challenging task, but that is perhaps not even the real issue. Obiang could easily invest in bringing Malabo and the rest of the country’s infrastructure into the 21st (20th?) century and still have plenty of money left over to squander...
...rethink how they deal with Mugabe and other African Big Men. Demonizing them may be principled and cathartic, Tsvangirai believes, but it is ineffective. Criticism has done nothing to dislodge Muammar Gaddafi in Libya (in his 40th year in power) or José Eduardo dos Santos in Angola or Teodoro Obiang in Equatorial Guinea (both in their 30th), while Africa's most enduring autocrat, Gabon's Omar Bongo, died in June in his 42nd year in office. Criticism has actually strengthened Mugabe, allowing him to cast himself as a heroic defender of Africa taking up the cudgel, just...
...beautiful place, with landscapes ranging from volcanic mountains to elephant forests to grassy plains and sleepy seaside villages. With the right resources, there could be a thriving adventure tourism scene here that could send some much-needed money towards the general public. Yet, as long as dictatorial president Teodoro Obiang Mbasogo Nguema continues to rule with an oil-soaked iron fist, Equatorial Guinea might as well hang up a giant sign at the airport that says “Go Away...
...While the long-term damage to UBS may be difficult to gauge, experts say its reputation as a reliable institution has taken a beating. "Clients worldwide have lost trust in UBS's ability to protect their privacy," says Teodoro Cocca, former professor of asset and wealth management at the Swiss Banking Institute in Zurich. "This will affect UBS's attraction for wealthy clients - the main franchise of the bank...
...Bongo was far from the only postcolonial African head of state to take his country's riches as a personal reward for the burdens of office. The French-property portfolios of two others - Denis Sassou-Nguesso of Congo Brazzaville and Teodoro Obiang of Equatorial Guinea - are also under investigation, and the French have made inquiries into the assets of Jose Eduardo dos Santos of Angola and Blaise Compaoré of Burkina Faso. Like Bongo, all have denied any wrongdoing. But Bongo was one of the greediest and, coming to power at 31 in 1967, just seven years after Gabon...