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Son Of Equatorial Guinea’s Dictator Goes On Trial In France

AFRICANGLOBE - The playboy son of Equatorial Guinea’s leader, notorious for his extravagant taste in cars, homes and Michael Jackson memorabilia, goes on trial Monday in Paris charged with plundering his country’s coffers to fund his jetset lifestyle in France. Teodorin Obiang, his country’s vice-president, is charged with using state money to pay for a mansion on one of the swankiest avenues in Paris, along with a 76-metre yacht, a collection of designer suits and other indulgences.

Rio Tinto To Invest $20bn In Guinean Mine

AFRICANGLOBE - Anglo-Australian miner, Rio Tinto says it is in the final stages of sealing a $20 billion deal on the Simandou mine iron ore deposits in Guinea – the world’s biggest untapped iron ore deposit in West Africa.