Equatorial Guinea Obiang Mangue, and other close relatives with powerful positions in the security forces. The tension may be rooted in a power shift arising from the dramatic increase in oil production which has occurred since 1997. In 2004 a plane load of suspected mercenaries was intercepted in Zimbabwe while allegedly on the way to overthrow Obiang. A November 2004 report named Mark Thatcher as a financial backer of the 2004 Equatorial Guinea coup d'état attempt organized by Simon Mann. Various accounts also named the United Kingdom's MI6, the United States' CIA, and Spain as tacit supporters of the coup attempt. Nevertheless,
Politics of Equatorial Guinea Politics of Equatorial Guinea The politics of Equatorial Guinea take place in a framework of a presidential republic, whereby the President is both the head of state and head of government. Executive power is exercised by the government. Legislative power is vested in both the government and the Chamber of People's Representatives A great deal of political party activity ensued when Equatorial Guinea attained autonomy from Spain in 1963. Bubi and Fernandino parties on the island preferred separation from Río Muni or a loose federation. Ethnically-based parties in Río Muni favored independence for a united country comprising Bioko and Río