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Strengthening the hotel offer of Grupo Molsa: BDEAC signs an agreement worth around 12.4 million dollars

21/08/2025
Source : ORISHAS FINANCE
Categories: Sectors

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On Monday, August 18, 2025, the Development Bank of Central African States (BDEAC) signed with Grupo Molsa, a private investment holding company from Equatorial Guinea, a financing agreement of 7 billion CFA francs (about 12.4 million dollars).

BDEAC financing is intended for the construction of a 4-star hotel in Malabo, the country's capital. In its statement, the bank said that “the implementation of this strategic project will contribute significantly to the strengthening of the tourism sector in Equatorial Guinea, by improving the offer of quality accommodation and by stimulating the attractiveness of the destination.” According to the institution, Grupo Molsa “will generate 100 permanent jobs during the operating phase, numerous temporary jobs during the construction phase, a dynamization of the local economy, through the value chains linked to tourism, an increase in tax revenues and a valuation of

real estate assets”.

This financing marks a new stage in the economic diversification strategy led by Equatorial Guinea, whose economy remains highly dependent on hydrocarbons. According to the African Development Bank style="font-family: "Bookman Old Style”, serif"> (BAD), this sector accounts for 42% of GDP, 95% of exports and 90% of government revenue. On the other hand, tourism remains underdeveloped, its contribution to GDP having been limited to 0.96% in 2023

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