Housing Finance in Equatorial Guinea


This profile is also available in French here.

To download a pdf version of the full 2020 Equatorial Guinea country profile, click here.

The Republic of Equatorial Guinea is an upper middle income small country composed of a mainland, Rio Muni, and small islands including Bioko where the capital Malabo is located. The country is a member of the Central African Monetary and Economic Community (CEMAC) subregion with an estimated population of 1.3 million.  The economy over the years has been shrinking due to the fall in state revenues from oil, a resource the country is heavily reliant on. Since 2017, the country has embarked on the Horizonte 2020 programme to diversify the economy and introduce an innovative culture to improve the quality of life for all its citizens.

The banking sector is small and concentrated in five banks. The National Bank of Equatorial Guinea (BANGE), is the only bank operating in the country whose parent company is local. The state programme for social housing includes better access to service infrastructure. The land administrative and cadastre systems are mainly paper based, transparency of the system is low with no officially available statistics tracking land transactions,

Access to credit has improved through amendments to the Organization for the Harmonisation of Corporate Law in Africa (OHADA)Uniform Act on Secured Transactions in 2012. Economic opportunities lie in diversifying beyond the oil industry into other economic sectors, something the state has acknowledged. From a housing perspective, this means providing products that target the more affordable segment.

Find out more information on the housing finance sector in Equatorial Guinea, including key stakeholders,important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2020 edition, which has up-to-date profiles for 55 African countries.

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