LIBREVILLE
\nThe leader of a coup that ousted Gabon\u2019s President Ali Bongo was sworn in as interim president and cheered by jubilant supporters on Monday in a televised ceremony designed to cast the military as liberators of an oppressed society.
\nIn West and Central Africa\u2019s eighth coup in three years, army officers led by General Brice Oligui Nguema seized power on Aug. 30, minutes after an announcement that Bongo had won an election they annulled and said was not credible.
\nNguema was given a standing ovation by military officers and officials as he arrived for the ceremony, and again just after he was sworn in by a panel of constitutional court judges.
\nState TV showed images of a cheering crowd and armored personnel carriers firing into the sea to mark the moment.
\nIn a speech, Nguema proposed reforms including a new constitution to be adopted by referendum, new electoral and penal codes, and measures to prioritize local banks and companies for economic development. He also said political exiles would be welcomed back and political prisoners freed.
\nRepeatedly interrupted by cheers, he described the coup, which ended the Bongo family\u2019s 56-year hold on power in the oil-producing country, as a moment of national liberation and a manifestation of God\u2019s will.
\n\u201cWhen the people are crushed by their leaders … it\u2019s the army that gives them back their dignity,\u201d he said. \u201cPeople of Gabon, today the times of happiness that our ancestors dreamt of are finally coming.\u201d
\nSeveral figures from Bongo\u2019s government, including the vice president and prime minister, attended the ceremony.
\nBongo himself remains under house arrest. He was elected in 2009, taking over from his late father who came to power in 1967. Opponents say the family did too little to share Gabon\u2019s oil and mining wealth with the country\u2019s 2.3 million people.
\nPledge to return power to civilians
\nNguema reiterated that his administration would organize free and fair elections, though he gave no timetable.
\n\u201cAfter this transition … we intend to return power to civilians by organizing new elections that will be free, transparent, credible and peaceful,\u201d he said.
\nPreviously, Nguema had said the junta would proceed \u201cquickly but surely,\u201d but cautioned that too much haste could lead to elections that lack credibility.
\nThe coup had drawn cheering crowds onto the streets of the capital Libreville but condemnation from abroad.
\nLeaders of the Central African regional bloc ECCAS are due to meet in person on Monday to discuss their response. Last week they urged partners led by the United Nations and the African Union to support a rapid return to constitutional order.
\nGabon\u2019s main opposition group, Alternance 2023, which says it is the rightful winner of the Aug. 26 election, has called on the international community to encourage the junta to hand power back to civilians.
\nMembers of Alternance 2023 met Nguema on Sunday for talks, a source in the alliance told Reuters, without sharing further details.
\nGabon\u2019s international bonds continued to claw back ground after their sharp tumble last Wednesday. The 2025 bond recorded the biggest gains, up 1.8 cents in the dollar according to Tradeweb data.
\nHowever, the bonds which are trading between 91.3 cents from 2024 maturities and 74 cents for issues coming due in 2031, are still down around 5 cents from their pre-coup levels.<\/p>\n","protected":false},"excerpt":{"rendered":"
LIBREVILLE The leader of a coup that ousted Gabon\u2019s President Ali Bongo was sworn in as interim president and cheered by jubilant supporters on Monday in a televised ceremony designed to cast the military as liberators of an oppressed society. In West and Central Africa\u2019s eighth coup in three years, army officers led by General […]<\/p>\n","protected":false},"author":2,"featured_media":353855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-353847","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n