Equatorial Guinea PM Francisco Asue, reappointed

Francisco Asue was reappointed as prime minister of Equatorial Guinea on Wednesday, the government said, after he and the government resigned last week after criticism from long-standing President Teodoro Obiang.

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The Central African oil producer is suffering a double economic shock linked to the coronavirus pandemic and a drop in the price of crude, which provides around three-quarters of state revenues.

This is Asue’s third consecutive stint as premier since his first appointment in 2016.

The country’s economy has struggled to recover from a recession caused by a 2014 slump in oil prices and is expected to contract by a further 5.5% in 2020, according to International Monetary Fund figures.

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