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Equatorial Guinea regime will become more repressive

Friday, April 29, 2016

Significance

According to the state press office, Obiang secured 93.7% of the votes cast, giving him another seven-year term. The poll coincides with both the worst economic crisis in the country's recent history, and complications for succession planning caused by a French anti-graft probe.

Impacts

  • US and French investigations into the Obiang family's wealth may push them to move offshore funds to Asian havens such as Hong Kong.
  • The recent 29-million-dollar road building contract awarded to China Wuyi adds to the 2 billion dollars in deals made with China in 2015.
  • The regime will encourage oil firms to maintain crude production levels and expand into downstream activities.
  • Leaders of other Central African states will refrain from criticising the poll -- since theirs were barely more credible.

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