Public Management

Burkina Faso, Mali, and Niger Form Confederation at First AES Summit

Burkina Faso, Mali, and Niger Form Confederation at First AES Summit
Monday, 08 July 2024 16:07

The Confederation of the Alliance of Sahel States (AES) is set to focus on economic, social, and infrastructure development, as well as counter-terrorism efforts. These two key areas present significant challenges in the West African region and will be the benchmarks against which its actions will be measured in the coming months.

Leaders from Niger, Mali, and Burkina Faso met yesterday in Niamey for the inaugural summit of the Alliance of Sahel States. They established a "Confederation," as stated by Abdourahamane Tiani of Niger, who declared at the session's opening that the people of the three countries have "irreversibly turned their backs on ECOWAS."

This meeting resulted in official resolutions, including the creation of instruments to fund the socio-economic policies of the new Confederation and the facilitation of free movement of people, goods, and services within its geographic space.

In their declaration, the junta leaders also emphasized mutual respect for the "sovereignty and interests" of their states, the primary point of contention that has caused friction with the Economic Community of West African States (ECOWAS) in recent months.

ECOWAS is set to hold a summit next Sunday in Abuja, where discussions will include, among other topics, the new relationship with the AES countries.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BICEC ranked first in Cameroon for new credit issuance with a 17.60% market share in Q1 2025. Banks increased total new lending by 28.72%...
Benin plans to launch a national financial complaints platform by the end of the first quarter of 2026. OQSF-Benin will manage the platform with...
WAEMU states raised record 11.9 trillion CFA francs in 2025 Bond issuance surged as governments faced rising financing needs Investors increasingly...
Togo projects tax revenue up 10.8% in 2026 budget Taxes to supply over 82% of total state revenue Government relies on taxation as main budget...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
03

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.