Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Equatorial Guinea election expected to extend president's 37-year rule

Published 24/04/2016, 20:29
© Reuters. Equatorial Guinea's Second Vice-President Teodoro Nguema Obiang Mangue addresses a plenary meeting of the United Nations Sustainable Development Summit 2015 at the United Nations headquarters in Manhattan, New York

DAKAR (Reuters) - Equatorial Guinea President Teodoro Obiang is expected to extend his 37-year rule after elections on Sunday which he says will give him more than 90 percent of the vote.

Obiang, Africa's longest-serving leader, has ruled the former Spanish colony since 1979 when he ousted his uncle in a military coup.

Opponents say elections in the small West African oil producer have been consistently rigged and some have called for a boycott.

Voting went ahead peacefully and without incident on Sunday, observers said, although in some regions there appeared to be a low turnout.

Casting his ballot, 73-year-old Obiang said that those voting for him "were voting for the continued development of Equatorial Guinea".

The country boasts the highest GDP per capita in Africa thanks to an oil and gas drilling boom. But it ranks 144 out of 187 states on the United Nations' 2014 Human Development Index.

Equatorial Guinea has a reputation for corruption and human rights abuses, allegations the government denies. Critics say oil money is funnelled to a rich elite while much of the country is mired in poverty.

A 2004 U.S. Senate probe showed millions of dollars channelled by Obiang and relatives into the disgraced Riggs Bank.

Obiang's eldest son, known as Teodorin, who is a vice president and potential successor, has faced corruption and money-laundering investigations in the United States and France that cast him as a playboy splashing out millions on luxury items.

"The headlines announcing Obiang's re-election were likely written long ago," said Jeffrey Smith, an international human rights consultant.

© Reuters. Equatorial Guinea's Second Vice-President Teodoro Nguema Obiang Mangue addresses a plenary meeting of the United Nations Sustainable Development Summit 2015 at the United Nations headquarters in Manhattan, New York

"It was inevitable that the ruling party would maintain power, unfortunately to the detriment of the people who have long suffered under callous dictatorship and devastating poverty."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.