According to local television stations, he has further consolidated his power by promoting his son, Teodoro "Teodorín" Obiang Mangue, from "second vice president" to simply vice president.
Power has been in the family for Equatorial Guinea's entire existence as an independent country. The current president toppled his uncle in a violent coup in 1979, before sentencing him to death by firing squad. Since then, he has consolidated his grip over the country's industries and is accused of diverting tax money into his personal accounts.
The apple hasn't fallen far from the tree.
In 2014, U.S. authorities forced Teodorín to relinquish his $30 million home in Malibu, Calif.; a Gulfstream jet; a Ferrari; and dozens of pieces of Michael Jackson memorabilia worth more than $1 million, all bought with money funneled through offshore bank accounts. Court documents reviewed by the Justice Department showed that Teodorín received an official salary of less than $100,000 but amassed more than $300 million in assets through corruption and money laundering.
“Through relentless embezzlement and extortion, Vice President Nguema Obiang shamelessly looted his government and shook down businesses in his country to support his lavish lifestyle, while many of his fellow citizens lived in extreme poverty,” Assistant Attorney General Leslie R. Caldwell said at the time.
The problem of dynastic authoritarianism is shared by Equatorial Guinea's slightly larger neighbor Gabon, which also relies heavily on the oil and gas industry. Omar Bongo ruled Gabon from independence until 2009 — 42 years — and his son Ali is now president. Bongo enjoys close enough ties to the United States that he and his wife sat next to President Obama and the first lady at a state dinner in 2014. Gabon even held a seat on the U.N. Security Council in 2010 and 2011.
Across Africa, leaders have historically resisted term limits and are often accused of doing so to continue lining their pockets. To try to counter that trend, a wealthy Sudanese businessman named Mohamed "Mo" Ibrahim announced a $5 million annual cash prize in 2007 to be given to African leaders who step down in the interest of promoting democracy. In nine years, it has been awarded four times, not counting a prize ceremonially given to Nelson Mandela.
The prize went unawarded this year. No African leader met Ibrahim's "very high bar" for "exceptional leadership."