In brief
Equatorial Guinea's administration stepped down on Tuesday after a statement by Vice‑President Teodoro Nguema Obiang Mangue indicated that the entire cabinet had not achieved more than 10% of its goals. The ruling Democratic Party accused the outgoing government of corruption, misuse of state resources and stagnation in development projects. President Teodoro Obiang, who has ruled since 1979 and keeps key positions for family members, said a new government would soon be appointed. The oil‑rich country’s economy remains heavily dependent on petroleum, yet poverty and economic decline continue to plague its 1.8 million residents.
Equatorial Guinea's government resigned on Tuesday after a statement by Vice‑President Teodoro Nguema Obiang Mangue indicated that the entire cabinet had not reached even 10% of its goals.
The statement from Vice‑President Teodoro Nguema Obiang Mangue, the son of President Teodoro Obiang Nguema Mbasogo, detailed that Prime Minister Manuel Osa Nsue Nsua and his cabinet were being collectively asked to resign due to a poor performance record.
According to the ruling Democratic Party of Equatorial Guinea (PDGE), the government not only performed poorly but also fostered corruption, misused state resources for personal interests and stalled crucial development projects that could diversify the economy beyond its vast oil sector.
President Teodoro Obiang, the world’s longest‑serving leader who has maintained a tight grip on power since 1979 and has placed family members in key government roles, said a new cabinet would soon be appointed to address these shortcomings.
Equatorial Guinea remains heavily dependent on oil and gas, which account for the majority of its exports and state revenue. Nevertheless, the country’s 1.8 million people still face high levels of poverty as the economy has struggled amid falling oil production and demand.
