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
Zahid Group acquired 100% of Barloworld for 23 billion rand ($1.4 billion) through a consortium called Newco. The transaction triggered Barloworld’s...
Gabon’s banking penetration rate reached 25.06% as of Dec. 31, 2023, according to the BEAC. BCEG signed a partnership with Bamboo Microfinance on...
Sahel Capital provided a $2.4 million working-capital loan to Kuapa Kokoo Limited on Jan. 26, 2026. The financing flowed through SEFAA,...
Debt funding rose to $1.64 billion in 2025, a record for Africa Debt accounted for 41% of total start-up capital invested Kenya led debt...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

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
03

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
04

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
05

Africa’s trade deficit with China widened 64.5% to $102 billion in 2025 Chinese exports ...

Africa’s Trade Gap With China Hits Record $102B Even as Beijing Expands Duty-Free Access
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.