Ivorian leader secures third term

Bloomberg

Ivory Coast President Alassane Ouattara secured a third term as leader of the world’s biggest cocoa producer in an election boycotted by key opposition leaders.
Ouattara, 78, garnered 94.3% of ballots, while his nearest rival —independent candidate Kouadio Konan Bertin — obtained 1.99%, the electoral commission announced on Tuesday. Voter turnout was 53.9%, commission head Ibrahime Kuibiert-Coulibaly said.
The scale of the victory strengthens Ouattara’s authority as he faces calls by the
opposition for a transitional government to prepare fresh elections. His main rivals, Henri Konan Bedie and Pascal Affi N’Guessan, have said they’ll reject the result and have called for a civil disobedience campaign, arguing that the constitution bars Ouattara from serving more than two terms.
“For the stability of the country, it would be better if the different parties could open talks as soon as possible,” said Flan Moquer, director of the Abidjan Political Research Center.
“For the part of the population that didn’t support Ouattara to accept the outcome of the vote, the opposition will have to call for them to do so. As long as they continue to reject the results and call for civil
disobedience, there’s the risk of violence.”
Investors cheered the news of the result. Yields on Ivory Coast’s $2.5 billion of 2032 Eurobonds fell for a fourth day, bringing their decline since the start of October to 115 basis points. Cocoa prices fell for a fifth day, amid signs of ample supplies from Ivory Coast.
The run-up to the ballot was marred by sporadic violence that the government blamed on the opposition, and at least five people died when the vote took place. That fueled fears the country may suffer a repeat of post-election violence a decade ago that left at least 3,000 dead or missing.
To secure the latest vote, the authorities deployed 35,000 security personnel across the West African country. Wary of any repeat of the 2010 violence, Ouattara is expected to act firmly if opposition protests against his victory flare up, said Ousmane Zina, a political analyst at Alassane Ouattara University in Bouake. “After the announcement of the results Ouattara will surely harden his tone and strengthen his authority,” Zina said. Justice Minister Sansan Kambile said he’s asked the state prosecutor to investigate violence perpetrated by opposition supporters and the call for a transitional government, which he said is illegal.