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Heir to business empire wins the presidency of Ecuador
Presidential candidate Daniel Noboa, of the National Democratic Action Alliance political party, speaks in Olon, Ecuador, after results show him ahead in a snap presidential runoff, October 15, 2023

HEIR to a multinational business empire Daniel Noboa was elected president of Ecuador on Sunday.

Electoral officials said Mr Noboa won just over 52 per cent of the vote ahead of the left-wing candidate Luisa Gonzalez, an ally of exiled former president Rafael Correa, who secured 48 per cent. 

Ms Gonzalez conceded defeat in a speech to supporters in which she also urged Mr Noboa to now fulfil the promises he made during his campaign.

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