Categories: GOVERNANCE

43 Years After, African President Renews Mandate For Another 7 Years

<h4>43 Years After&comma; African President Renews Mandate For Another 7 Years<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Teodoro Obiang Nguema Mbasogo&comma; president of Equatorial Guinea since August 1979&comma; has won a re-election for another 7 years&period;<br &sol;>&NewLine;He won his re-election contest with with 94&period;9&percnt; votes on November 20&period;<br &sol;>&NewLine;Born on June 5&comma; 1942&comma; at Acoacán&comma; Equatorial Guinea&comma; Mbasog&comma; a former military officer&comma; founded Democratic Party of Equatorial Guinea&period;<br &sol;>&NewLine;His party took all the senate and parliament seats and the 100 seats in the lower house&comma; known as the Chamber of Deputies&period; The president can now appoint the remaining 15 senate seats&period; His son&comma; Teodoro Nguema Obiang Mangue&comma; is the country’s Vice President&period;<br &sol;>&NewLine;This latest victory gave the 80 years old Mbasogo a sixth term in office&comma; extending his 43-year rule and cementing his place as the world&&num;8217&semi;s longest-standing ruler&period;<br &sol;>&NewLine;&&num;8220&semi;The definitive results prove us right again&comma;&&num;8221&semi; the son who is the vice president tweeted&period; &&num;8220&semi;We continue to prove to be a great political party&excl;&&num;8221&semi;<br &sol;>&NewLine;The West African country of around 1&period;5 million people has had only two presidents since independence from Spain in 1968&period; Obiang ousted his uncle Francisco Macias Nguema in a coup in 1979&period;<br &sol;>&NewLine;Obiang has always been elected with more than 90&percnt; of the vote in polls that international observers have questioned&period; Critics say Obiang has rigged elections and done little to drag the country out of poverty despite great personal wealth&period;<br &sol;>&NewLine;His son&comma; who observers see as a potential successor&comma; was convicted for embezzlement by a French court in 2020&period; Assets that foreign powers say he bought with ill-gotten gains include a crystal-covered glove worn by Michael Jackson&comma; an armoured Rolls-Royce limousine and a yacht&period;<br &sol;>&NewLine;Equitorial Guinea’s economy is benefitting from higher hydrocarbon production and prices in 2022&comma; but a sharp rise in food prices is stoking inflation&period; In the first half of 2022&comma; real GDP rose by about 2 percent &lpar;y&sol;y&rpar; buoyed by rising hydrocarbon output&period;<br &sol;>&NewLine;The current population of <a href&equals;"https&colon;&sol;&sol;www&period;google&period;com&sol;">Equatorial Guinea is 1&comma;513&comma;210 as of Thursday&comma; November 24&comma; 2022&comma;<&sol;a> based on Worldometer elaboration of the latest United Nations data<br &sol;>&NewLine;The sector with the most potential is mining&period; Bauxite&comma; iron ore&comma; gold&comma; and diamond mining represent key markets for Guinea and relatively well developed with tens of foreign companies actively producing and exporting minerals&period;<&sol;p>&NewLine;

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