Markets

Insider Trading

Hedge Funds

Retirement

Opinion

8 Countries Ruled by Military Dictatorship in 2023

In this article, we look at the 8 countries ruled by military dictatorship in 2023. You can skip our detailed analysis on the impact of authoritarianism on economic growth and head over directly to the 5 Countries Ruled by Military Dictatorship in 2023.

According to a report by the International Institute for Democracy and Electoral Assistance, or International IDEA, nearly half of all countries in the world suffered a notable decline in their democratic credentials between 2017-2022. After many years of democratization, the world has been experiencing democratic recession for the last five to six years. 

Authoritarianism is on the rise globally with democracy getting degraded as people lose faith in the legitimacy of election results, see their freedoms being trampled upon, and a growing disillusionment among the youth with their leaders. The resurgence of populism in the right-wing parties has also polarized politics and weakened democracy.

While there are several countries with authoritarian governments, most of them have leaders that are ‘civilian’ and appear somewhat accountable – albeit only on paper. There are only a handful of countries today that have outright military regimes.

Economic Impact of Military Dictatorship

Military dictatorships certainly do not bode well for the business environment in countries which have been ruled by military junta, as these regimes do not enjoy global legitimacy and are often subject to economic sanctions from much of the world. One such country currently bearing the brunt is Myanmar, where on the morning of February 1, 2021 – one day before the newly elected parliament was due to swear in – the military staged a coup and ended civilian rule in the country. Since then, Myanmar has been subjected to numerous rounds of sanctions led by the United States and its allies in Europe. Many large international companies have ceased operations in the country and pulled out.

Among them is Chevron Corporation (NYSE:CVX), an American energy corporation, that announced in February this year to sell its assets in Myanmar and exit the country. Chevron Corporation (NYSE:CVX) criticized the human rights abuses in the country and sold its 41.1% stake in the Yadana Project to Canada’s MTI for an undisclosed amount. The withdrawal followed a one-year long policy of Chevron Corporation (NYSE:CVX) to reduce proceeds from sales from the project that would have reached the military junta ruling Naypyidaw. Other oil and gas companies, including TotalEnergies and Woodside Petroleum have also left the country, while South Korean steelmaker Posco ended its joint venture with MEHL, a company controlled by the military in Myanmar.

In the telecom sector, Norwegian company Telenor, which was one of the largest foreign investors in Myanmar also quit the country in 2022. It was acquired by Lebanese firm M1 and a local company Shwe Byain Phyu for $105 million. British American Tobacco (BAT) also ceased all operations in Myanmar that year.

Niger’s promising oil industry has suffered a major setback following a coup by the military junta led by General Abdourahamane Tchiani in July 2023. The country recently increased its oil production from 20,000 to 100,000 barrels of oil per day and was set to export oil across the region through Africa’s longest pipeline built by the Chinese in Niger. However, since the exit point for the crude oil is Benin, a member of ECOWAS, the export of oil from Niger to regional countries is now at risk after the coup as opening the export route to Niger’s junta would go against ECOWAS’ policy.

Niger is one of the poorest countries in the world and has been further burdened by economic sanctions placed by the West after the coup. The EU has suspended financial cooperation worth $554 million. France’s development aid of $131 million was also put on hold. The United States has also paused more than $200 million in US aid. On the other hand, Nigeria, which supplied 70% of Niger’s electricity, has cut off power supply to the country.

Democracy and Economic Growth

While countries ruled by military dictatorship struggle economically and face global seclusion, nations that become democratic experience economic growth. A research held in the US in 2019 found a strong correlation between democracy and economic growth. The paper, titled ‘Democracy Does Cause Growth’ by MIT’s Daren Acemoglu et el. found that countries that transition from nondemocracy to democracy experience a 20% increase in their GDP per capita over the 25 years after embracing democracy. You can read more about this in our article, Top 30 Most Democratic Countries in the World.

Corporations Advancing Democracy

Recently, quite a few large corporations in the US have begun making commitments to promote democracy around the world. This includes Cloudflare, Inc. (NYSE:NET), an IT service management company that works with organizations like Access Now, Internet Society, and others to track internet censorship. Cloudflare, Inc. (NYSE:NET) connects to more than 11,000 networks world over and works with researchers to share data about internet shutdowns. Moreover, Cloudflare, Inc. (NYSE:NET) consults members of the civil society regarding all its future product developments to ensure that these are consistent with human rights and enhance privacy of users.

On the other hand, Microsoft Corporation (NASDAQ:MSFT) in 2022 partnered with International Foundation for Electoral Systems (IFES) in a program aimed at training journalists in areas such as cybersecurity and digital safety with an eye on how state machineries in autocratic states abuse power to steal elections. 29 journalists belonging to Tunisia and Serbia benefited from this training initiative of Microsoft Corporation (NASDAQ:MSFT). IFES claims to have received high demand for this training from journalists in several other nations as well, and plans to expand this program to another 33 countries in the coming years, in collaboration with Microsoft Corporation (NASDAQ:MSFT).

Moreover, this year, Alphabet Inc. (NASDAQ:GOOG)’s Google committed $2 billion at the White House’s Summit for Democracy to support human rights defenders across the world. Alphabet Inc. (NASDAQ:GOOG) will dedicate these funds to establish safety helplines for these individuals who are under constant threat for exercising their right to freedom of expression and speech. Alphabet Inc. (NASDAQ:GOOG) will also be providing 100,000 security keys to individuals who are at an increased risk of cyber attacks.

Methodology

Countries ruled by military dictatorships in 2023 are ranked in ascending order of the duration of military rule. Only countries that are directly under military rule and those that have a transitional military governments are listed in this article. Publicly available information from various news reports and publications were sourced for writing this report.

Let’s now head over to the list of countries under military rule in 2023.

Countries Ruled by the Military in 2023:

8. Gabon

Ruled by the Military since: August 2023

The military in Gabon, on August 30, 2023, staged a coup and ousted the country’s president Ali Bongo Ondimba, shortly after it was announced that the president had been re-elected after winning the general elections. The coup d’état ended the Bongo family’s 56-year long reign over the country. It is the eighth coup to take place in Africa since 2020.

Less than a week later, coup leader General Brice Clotaire Oligui Nguema took oath as the country’s new leader and promised credible elections. Oligui is a cousin of the ousted president Ali Bongo and served as a bodyguard to his late father.

7. Niger

Ruled by the Military since: July 2023

Niger is one of the most authoritarian countries in the world. The country’s government was overthrown by the military on July 26, 2023, with President Mohamed Bazoum taken hostage. The coup was condemned by world powers, along with the Economic Community of West African States (ECOWAS) – whose member states suspended relations with Niger and closed their land and air borders with the country.

General Abdourahamane Tiani who led the coup was proclaimed as head of state on August 20, 2023, and announced he was leading a transitional government of at least three years. The general vowed to defend his country in case of any external aggression, and received diplomatic support from both Mali and Burkina Faso who were also under military rule at that time.

On August 31, the military in Niger ordered the police to expel the French ambassador from the country.

6. Burkina Faso

Ruled by the Military since: January 2022

While the most recent military led coup took place in Burkina Faso in January 2022, the country has had a history of military intervention – including coups from within the military against military dictators. In 1987, the country’s first president, Thomas Sankara, who was also a military officer was murdered in a coup, which brought his close associate Blaise Compaoré to power. He spent 27 years in office, until his resignation in 2014 after a popular uprising.

Roch Kaboré, a banker by profession, was elected president in 2015, and then overthrown in a military coup led by Paul-Henri Sandaogo Damiba in January 2022. Damiba was then deposed by another military officer, Capt Ibrahim Traoré, later that year in September. Traoré is currently the president of the transitional government of Burkina Faso.

According to the World Bank, Burkina Faso’s economy growth declined from 6.9% in 2021 to just 2.5% in 2022 amid internal instability and western sanctions that resulted due to the coup d’état, as well as the situation in Ukraine.

Click to continue reading and see the 5 Countries Ruled by Military Dictatorship in 2023.

Suggested Articles:

Disclosure: None. 8 Countries Ruled by Military Dictatorship in 2023 is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…