Mutinous soldiers in Gabon have launched a coup to overturn the results of a presidential election. They claim to have successfully arrested President Ali Bongo Ondimba, whose family has ruled the country for over five decades. The coup attempt follows a controversial election marred by concerns of violence, which resulted in President Bongo being declared the winner. This development has sent shockwaves through Gabon and raises questions about the future of the country.
Coup Attempt Unfolds:
Soon after President Bongo’s victory was announced, gunfire erupted in the capital city of Libreville, signaling the beginning of the coup. Subsequently, uniformed soldiers appeared on state television to declare their seizure of power. In a show of public support, crowds poured into the streets enthusiastically celebrating the end of Bongo’s long-standing reign. The soldiers have expressed their intention to dissolve all institutions of the republic and have also announced the arrest of the president and other government officials.
International Repercussions:
The coup attempt in Gabon has already affected various sectors. French mining company Eramet has suspended operations in the country to ensure the safety of its staff and facilities. The main port in Libreville has ceased all activities, with authorities denying permission for vessels to leave. As a result, the country’s economy and international trade have been disrupted. Furthermore, the African region, which has witnessed several coup attempts in recent years, is now facing increased instability due to this latest development.
Background and Challenges:
Unlike some of its neighboring countries, Gabon has maintained relative stability, with no significant instances of jihadi violence. However, the country faces numerous challenges, including high unemployment rates, especially among the youth. Nearly 40% of Gabonese aged 15-24 were unemployed by the end of 2020. The rising cost of living has caused public frustration, prompting President Bongo to acknowledge these concerns and outline measures to address them. Gabon’s position as a member of the OPEC oil cartel further adds complexity to the current situation.
International Response:
France, the former colonial power, has been closely monitoring the situation in Gabon. Although Bongo recently met with French President Emmanuel Macron, the French military has not altered its routine operations in the country. The European Union has also announced that the issue will be discussed at upcoming meetings, expressing concerns over the rise in military coups throughout the region.
Gabon finds itself at a critical juncture as mutinous soldiers challenge the legitimacy of President Ali Bongo Ondimba’s re-election. The coup attempt has plunged the country into uncertainty, with repercussions felt both domestically and internationally. As the situation unfolds, the fate of Gabon and its people hang in the balance, raising questions about future governance and stability in the region.
Market Capital Research 