latin america news Archives - LN24 https://ln24international.com/tag/latin-america-news/ A 24 hour news channel Thu, 30 Oct 2025 06:12:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ln24international.com/wp-content/uploads/2021/09/cropped-ln24sa-32x32.png latin america news Archives - LN24 https://ln24international.com/tag/latin-america-news/ 32 32 Cameroon’s 92-year-old President Paul Biya Wins Country’s Presidential Election https://ln24international.com/2025/10/30/cameroons-92-year-old-president-paul-biya-wins-countrys-presidential-election/?utm_source=rss&utm_medium=rss&utm_campaign=cameroons-92-year-old-president-paul-biya-wins-countrys-presidential-election https://ln24international.com/2025/10/30/cameroons-92-year-old-president-paul-biya-wins-countrys-presidential-election/#respond Thu, 30 Oct 2025 06:12:07 +0000 https://ln24international.com/?p=28492 Cameroon’s 92-year-old President Paul Biya emerged victorious in the country’s presidential election, securing an unprecedented eighth term in office after a staggering 43 years at the helm and 7 years as Prime Minister. This means Biya will remain in power until he reaches the age of 100, and remarkably, he is still eligible to seek re-election. Having held office since 1982, Biya has been dubbed “The Useless” by some, and his preference for residing in Switzerland and France has raised eyebrows. The recent presidential election, held on October 12, 2025, saw Biya win 53.66% of the vote, surpassing opposition leader Issa Tchiroma Bakary’s 35.2%, as announced by the Constitutional Council on October 27. However, the election process was marred by chaos, with opposition candidates being disqualified, internet shutdowns affecting restive areas, and voting delays plaguing urban centres. The turnout was estimated to be around 55%, but the aftermath of the election was marked by protests, with clashes in Yaoundé and Douala resulting in at least four fatalities and dozens of arrests, including two prominent opposition figures.

Youth-led demonstrations denounced the election as rigged

Youth-led demonstrations, fuelled by social media campaigns using hashtags like #EndBiyaEra, have vehemently denounced the election as rigged, echoing the controversies surrounding the 2018 election, where international observers noted significant irregularities. Biya’s stance on globalization is rooted in his resistance to unchecked Western influence, prioritizing African agency and self-determination. A notable example of this is the “Chicken War” he sparked in 2007 by increasing tariffs on imported poultry, which led to a 300% boost in local production and protected farmers from subsidized European exports. This move was hailed as a victory for food sovereignty, and Biya has continued to advocate for reforming global trade rules, arguing that they perpetuate Northern dominance, at forums like the African Union.

Biya’s ties with China are also noteworthy, with the country funding 70% of Cameroon’s infrastructure projects, such as the Kribi deep-sea port, without imposing conditions on governance. This pivot away from traditional Western partners is a hallmark of Biya’s anti-globalist stance. However, this stance coexists with selective engagement, as Cameroon remains part of the IMF’s Extended Credit Facility, accepting fiscal advice while resisting deeper political conditions. For Biya, such policies embody conservative self-reliance, but critics argue that they enable elite capture, with corruption scandals siphoning billions of dollars amid rampant youth poverty. As Biya begins his eighth term, the country remains deeply divided, with many questioning the legitimacy of his rule and the future of Cameroon’s development.

Biya Western Ties: Independence or Puppetry?

How Biya’s Regime Hollowed Out Cameroon

Cameroon’s economy is a stark reminder of its unfulfilled potential, with growth stagnating at a mere 3% annually since the 1980s oil boom. The country’s crippling import dependency and lack of industrial base have resulted in a vicious cycle, where raw cocoa is exported to Europe only to be imported back as finished chocolate at a staggering 10 times the price. Officially, unemployment stands at 4%, but the reality is far more dire, with youth joblessness hovering between 13-15%, driving a brain drain that sees over 70,000 skilled workers fleeing the country every year. The state of Cameroon’s infrastructure is equally alarming, with potholed roads, frequent blackouts in the capital, and a healthcare system that fails to prevent one in five children from dying before the age of five. Corruption is the lifeblood of the regime, with Transparency International ranking Cameroon among the most corrupt countries in Africa. The Biya family is alleged to have amassed over $2 billion since 1982 through shell companies and secret Swiss bank accounts, while public funds mysteriously disappear into “ghost projects” and civil servants are left striking over unpaid salaries. The Anglophone crisis, sparked by Biya’s centralist crackdown on English-speaking regions in 2016, has claimed over 6,000 lives, displaced 700,000 people, and turned the Northwest and Southwest provinces into war zones of repression and militia terror. Biya’s response has been to impose internet blackouts, carry out mass arrests, and deploy French-trained troops to enforce a bilingual divide-and-rule policy straight out of the colonial playbook.

What is going on Cameroon is a classic case of neocolonial extractivism, where Cameroon’s economy is trapped in a state of perpetual subservience. The country’s currency, the CFA franc, is pegged to the euro and printed in France, ensuring that 50% of foreign reserves flow directly into Parisian banks. IMF loans come with strings attached, forcing Cameroon to privatize its resources to French companies like TotalEnergies, slash subsidies, and watch as inequality soars, with the top 1% of the population, including Biya’s inner circle, hoarding 40% of the country’s wealth. Biya himself rules Cameroon from the comfort of his villas in Geneva or his hideaways on the French Riviera, with decisions being faxed to Yaoundé from the French embassy. This is not sovereignty; it’s a debt-financed occupation, where global finance, dictated by Paris, calls the shots. Cameroon is forced to sell its uranium to Orano, its cocoa to Barry Callebaut, and keep the CFA printing press humming to benefit French interests. The result is a twisted game of economic colonialism, where Cameroon’s resources are exploited to enrich France, while its people are left to suffer the consequences. 

Milei’s La Libertad Avanza Wins Argentine Midterms with 40.7% Vote

On October 26, 2025, Argentine voters propelled President Javier Milei’s La Libertad Avanza party to victory in legislative elections, securing 40.7% of the vote and boosting its seats to 111 in the lower house and 20 in the upper house. The win strengthens Milei’s position to advance free-market reforms amid inflation over 200% and poverty above 50%. U.S. President Donald Trump congratulated Milei. Milei won so BIG in Argentina that his party surged its parliament deputies by 172%, from 37 and senators by 233%, from 6 to 20. This is HUGE! He has defied all media expectations by far.

Milei’s Midterm Triumph: A Sovereign Slap to the Globalist Elite

Argentina’s peso is skyrocketing, with a 10% overnight surge, as investors finally catch a whiff of real, earned money on the horizon, not just printed cash. This isn’t just a win for Buenos Aires; it’s a roadmap for every nation suffocating under the weight of IMF debt and EU-style bureaucratic red tape. For decades, Argentina has been a guinea pig for globalist experiments gone horribly wrong. The country’s history of Peronist populism, marked by endless subsidies, reckless money-printing, and kowtowing to international lenders, has left it with a staggering 200%+ inflation rate, a decimated middle class, and a sovereignty sold to the highest bidder in Washington. But then came Milei in 2023, the economist who boldly called out the IMF as a “scam” and vowed to blow up the central bank. While skeptics mocked him, two years in, his austerity measures have slashed the deficit from 6% of GDP to near-zero, tamed inflation to single digits, and sparked a private-sector resurgence. Now, with his coalition’s midterm mandate, Milei is poised to lock in deregulation, privatize state-owned dinosaurs, and tell the World Bank to take a hike.

I’ve seen countless “reform” promises fizzle out into cronyism, but Milei is different – he’s the anti-globalist antidote, prioritizing national wealth over transnational handouts. Milei isn’t just balancing the books; he’s restoring the family, faith, and fiscal virtue that Peronist hedonism has eroded. His coalition’s surge has crushed the socialists and their cultural rot, signaling that Argentines are done with identity politics and open borders that flood labor markets with cheap imports. Think of it as the Southern Cone’s version of MAGA: secure borders, Bibles back in schools, and no more taxpayer-funded gender clinics. And globally, this win has Trump’s fingerprints all over it – the Donald himself endorsed Milei pre-vote, tweeting that his “chainsaw economics” is the cure for woke socialism. It’s a tipping point, as Milei himself proclaimed, turning Argentina from a cautionary tale into a beacon for populists from Brazil to Budapest.

Financially, the upside is enormous. That 10% peso pop is the market’s way of pricing in lower default risk and higher yields on Argentine bonds, with spreads already tightening. With congressional cover, expect Milei to greenlight more mining concessions – lithium is the new oil – and slash red tape for agribusiness exports. Inflation is on track to dip below 5% by mid-2026, and GDP growth could hit 4-5% if he keeps the pedal down. Sure, the losers – unions, Peronist dead-enders, and their media megaphones – are howling about “austerity cruelty,” but that’s code for “stop stealing our future.”

As investors, we thrive on clarity: Milei’s victory screams “buy the dip on ARGT ETFs” and short the basket-case currencies still hooked on Soros-style sorcery. In the end, Argentina’s midterms aren’t about one man’s ego – they’re a conservative clarion call against the globalist grind. Milei is proving that you can slash spending without slashing throats, honor God and gold without groveling to Geneva.

Written By Tatenda Belle Panashe

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President Javier Milei’s Party Wins Landslide in Argentina’s Midterm Elections https://ln24international.com/2025/10/27/president-javier-mileis-party-wins-landslide-in-argentinas-midterm-elections/?utm_source=rss&utm_medium=rss&utm_campaign=president-javier-mileis-party-wins-landslide-in-argentinas-midterm-elections https://ln24international.com/2025/10/27/president-javier-mileis-party-wins-landslide-in-argentinas-midterm-elections/#respond Mon, 27 Oct 2025 06:55:16 +0000 https://ln24international.com/?p=28391 Buenos Aires, Argentina — President Javier Milei’s libertarian movement scored a decisive victory in Argentina’s high stakes midterm elections, solidifying support for his ambitious free-market economic reforms less than a year after taking office.

According to early official results, Milei’s party, La Libertad Avanza (Freedom Advances), won 41.5% of the vote in Buenos Aires province, narrowly surpassing the Peronist coalition, which garnered 40.8%. The province has long been a Peronist stronghold, making the result a historic political shift in Argentina’s modern democracy.

Nationwide, La Libertad Avanza is projected to secure 64 seats in the House of Deputies, up from 37, giving the president increased leverage to push through his economic overhaul in a deeply divided Congress.

A Mandate for Reform

Milei, a former economist and television commentator turned firebrand politician, has promised to dismantle Argentina’s bloated state apparatus, slash public spending, and stabilize the country’s spiraling inflation, which has remained among the highest in the world.

In his post election address, Milei hailed the results as “a mandate for change,” saying Argentines had chosen “freedom, responsibility, and economic discipline” over populism.

“The people have spoken clearly,” Milei said from Buenos Aires. “This victory is not for me, but for all Argentines who believe in a new direction for our country.”

Political Shift in Argentina

The results deal a major blow to Argentina’s Peronist movement, which has dominated national politics for much of the past 75 years. Once the backbone of Argentina’s working class electorate, the Peronist bloc has struggled to maintain influence amid economic stagnation, inflation, and widespread voter frustration.

Analysts say the midterm results may mark a turning point in Argentina’s political landscape, consolidating Milei’s position as one of Latin America’s most controversial yet influential leaders.

Economic Challenges Ahead

Despite the electoral win, Milei faces daunting challenges ahead. Argentina remains mired in a deep recession, with inflation exceeding 200% annually and growing public discontent over austerity measures. The president’s efforts to dollarize the economy, privatize state firms, and cut subsidies have drawn both domestic and international scrutiny.

Still, investors welcomed the election results, seeing them as a sign that Milei’s reform agenda now has a stronger political foundation to proceed.

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Maduro Mobilizes Millions as U.S. Doubles Bounty to $50 Million https://ln24international.com/2025/08/21/maduro-mobilizes-millions-as-u-s-doubles-bounty-to-50-million/?utm_source=rss&utm_medium=rss&utm_campaign=maduro-mobilizes-millions-as-u-s-doubles-bounty-to-50-million https://ln24international.com/2025/08/21/maduro-mobilizes-millions-as-u-s-doubles-bounty-to-50-million/#respond Thu, 21 Aug 2025 08:48:38 +0000 https://ln24international.com/?p=26835 Venezuelan President Nicolás Maduro has ordered the nationwide deployment of militia forces, claiming to mobilize over 4.5 million personnel in response to escalating tensions with the United States. The move comes just days after Washington doubled the reward for Maduro’s arrest to $50 million, accusing him of leading a transnational drug trafficking network.

In a televised address Tuesday night, Maduro framed the militia deployment as a defense of national sovereignty and a response to “imperialist aggression.”

“We will not kneel. Venezuela will defend its peace, its independence, and its dignity,” Maduro said, vowing resistance to U.S. pressure.

However, independent estimates suggest the actual number of trained and active militia members is significantly lower than the government’s claim.

U.S. Allegations and Caribbean Standoff

The United States has intensified its pursuit of Maduro, alleging that his administration collaborated with international drug cartels to smuggle cocaine laced with fentanyl into U.S. territory. According to U.S. federal authorities, nearly 30 tons of narcotics tied to Maduro linked networks have been seized in recent months.

In response, the U.S. State Department raised the bounty for Maduro’s capture, labeling him a “narco dictator” responsible for the deliberate poisoning of American communities.

Caracas has rejected the accusations, with Venezuelan Foreign Minister Yván Gil calling the reward increase “a pathetic political stunt” designed to interfere in Venezuela’s internal affairs ahead of its 2025 general elections.

Tensions escalated further after the deployment of Venezuelan forces to the Caribbean coast, coinciding with the arrival of U.S. Navy destroyers in the region. The military presence on both sides has raised fears of a potential standoff, though neither government has signaled imminent conflict.

Background:

Maduro has been under U.S. sanctions and criminal indictments since 2020, when federal prosecutors accused him and senior officials of operating a “narco terrorism” scheme. Despite international pressure and a collapsing economy, he has maintained power, backed by loyalist institutions and regional allies.

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