Oil Slump Poses New Challenges for Equatorial Guinea’s Obiang Regime

Teodoro Obiang Nguema Mbasogo, Africa’s longest-serving head of state, appears poised to formally extend his rule over oil-rich Equatorial Guinea later this year. The septuagenarian strongman has confirmed his intention to run in November’s presidential election, a contest no one expects him to lose, since the political opposition is marginalized and the state is firmly under the control of Obiang and his family. Though the election results already look certain, volatile energy revenues and Obiang’s ongoing efforts to position his son as the heir apparent threaten to jeopardize the regime’s future stability. The oil slump undermines Obiang’s long-established strategy of […]