Soldiers seized power in OPEC member Gabon, four days after the central African nation held disputed presidential elections. The nation’s dollar bonds sank.
If the putsch holds in the former French colony, it would mark the ninth in sub-Saharan Africa in the past three years, and follows a coup in Niger last month. The military takeovers have been rooted in the economic malaise and weak governance that have fed frustration among civilians and — in West Africa in particular — the spread of extremist violence.
Army officers appeared on Gabonese state television early on Wednesday to announce they’d canceled Saturday’s vote and dissolved the country’s institutions. President Ali Bongo is under house arrest with his family and medical doctor, while one of his sons has been detained, the officers said in a separate broadcast.
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