The UNODC has reported that West Africa serves as a transit zone for cocaine moving from South America to Europe, with notable production origins in Peru, Colombia, and Bolivia, involving a transatlantic journey.
In Senegal, the military authorities announced the seizure of nearly 3 tons of pure cocaine by the navy off the coast on Tuesday, November 28. The cargo was intercepted by a patrol vessel during the night of November 26-27, 2023.
"The FOULADOU patrol vessel seized nearly 3 tons of pure cocaine aboard a ship intercepted 150 kilometers offshore. The boat and its cargo were brought back on November 28, 2023, to the Admiral Faye Gassama Naval Base and handed over to the competent authorities," reported the Senegalese Navy.
This seizure, considered one of the largest in the country, rekindles concerns about drug trafficking in West Africa and its impact on a region grappling with significant political, socio-economic, and especially security challenges in its Sahelian part. Experts from the United Nations Office on Drugs and Crime (UNODC) argue that drug trafficking in Africa is a "true vicious circle," fueling organized crime and tensions among armed groups while financing them.
According to data released by the UNODC last June, 30 to 40 tons of cocaine and heroin transit through West Africa annually, with a value estimated at $1.25 billion in Europe. Between 2019 and 2023, the institution reports that 80 tons of cocaine were seized in West Africa, mainly in seven countries, including Cape Verde, Senegal, and Guinea.
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Angola receives 596 investment proposals worth $21.8 billion in five years About 80% of proposals came from Chinese investors Reforms and...
Palm oil futures in Malaysia surged 9%, their biggest one-day gain in three years. The spike follows rising oil prices after escalating tensions in the...
Côte d’Ivoire has signed an agreement with the National Investment Bank to support diaspora-led projects. The deal includes tailored banking products,...
Mali is seeking to strengthen digital skills training as part of its digital transformation strategy. The issue was discussed between Mali’s ICT...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...