Millennial Banana Heir Noboa Wins Ecuador Presidential Vote

Daniel Noboa to lead nation besieged by cocaine cartels
Nation’s dollar bonds are trading at distressed level

Daniel Noboa at the party’s headquarters in Olon, Santa Elena province, on Oct. 15. Photographer: Vicente Gaibor/Bloomberg

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By Stephan Kueffner

October 16, 2023 at 1:02 AM UTC

Updated on

October 16, 2023 at 3:24 AM UTC

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A 35-year-old business leader from a wealthy fruit-exporting dynasty, Daniel Noboa, will be Ecuador’s next president after winning Sunday’s election pledging to restore order to a nation torn by violence.

Investor-favorite Noboa beat his socialist opponent Luisa Gonzalez 52% to 48% in the runoff with more than 94% of votes tallied, according to preliminary data from the electoral authority. Gonzalez conceded.