Clueless octogenarian president, Abdelaziz Bouteflika – like the rest of Africa’s thriving despots who would not yield power without violence – had wanted to run for the fifth time in office. But the Algerian people decide they have had enough of tyrants and hypocrites.
Algerian protesters win historic victory — but massive challenges remain
by Natasha Turak CNBC
Algeria’s longtime president has conceded to popular demands to abandon his re-election bid after three weeks of massive protests rocked the North African country of 41 million.
But a giant question mark now hangs over what happens next, leaving Algerians and investors alike — particularly those in the oil and gas sector — mired in uncertainty.
- Algerian students demonstrate one day after President Abdelaziz Bouteflika announced his withdrawal from the presidential race as well as the postponement of April 2019 presidential election, following weeks of protests against his candidacy for a fifth term in office. The protesters considered the decision as an attempt by Bouteflika to prolong his current term.
Farouk Batiche | picture alliance via Getty Images
No fifth term for the Arab despot
“There will be no fifth term,” a statement from 82-year-old President Abdelaziz Bouteflika, who is in his 20th year in power but has rarely been seen in public since suffering a stroke in 2013, said on Monday.
Silent throughout the Arab Spring, Africa’s largest country and third-largest oil producer erupted in protest in late February after its ageing president announced his fifth re-election bid. The protests, leaderless and largely peaceful, represented a wide cross-section of society including students, teachers, lawyers, and the working class.