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“The reappointment of allies of vice president Obiang and his father to the cabinet is indicative of his side being in the lead in the succession battle,” said Theophilus Acheampong, a senior analyst with IHS Markit Ltd. That suggests “a higher likelihood of government stability and policy continuity,” he said…“It means investments in major downstream infrastructural projects to diversify the economy to stem the decline in oil production and revenue are likely to continue,” Acheampong said.

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