Tanzania will swear in a new president on Nov. 5 after a tight election in the $49 billion East African economy.

“President Jakaya Mrisho Kikwete has said he will retire officially as the fourth president of Tanzania on November 5, when a new president will be sworn in,” a statement from the president’s office said.

Tanzanians voted on Sunday in what was mainly a two-horse race between the ruling Chama Cha Mapinduzi party’s John Magufuli and former Prime Minister Edward Lowassa.

Credit: Bloomberg