FT News Briefing Another coup in Africa
Aug 31, 2023
Military coups are on the rise in Central Africa, with Gabon being the latest nation to experience a power grab following controversial elections. Meanwhile, the U.S. Commerce Secretary's recent visit to China aims to ease business tensions while securing economic ties. In Taiwan, tech billionaire Terry Gou has thrown his hat into the presidential ring, stirring the political pot amid complex relationships with China. These developments highlight a shifting landscape in global politics and economics.
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Gabon Coup's Unique Context
- Gabon's coup, unlike others in the region, targets a long-ruling family in a peaceful, oil-rich nation.
- The coup likely stemmed from dubious election results rather than jihadist violence.
Contagious Coups
- Coups in Africa appear contagious, emboldening military leaders.
- Long-ruling leaders across Africa might be increasingly concerned.
US-China Balancing Act
- The U.S. aims to stabilize its economic relationship with China while addressing national security concerns.
- This involves preventing over-reliance on China in critical supply chains.