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
Nigerian bank completes full acquisition of Paramount Bank Kenya Deal marks Zenith’s entry into Kenya and broader East African...
AgDevCo provides $15 million mezzanine debt to Victory Group Funds will support expansion in Kenya and Rwanda, targeting 30,000 tons by...
Afreximbank launches $10 billion emergency program to cushion economic fallout Initiative targets fuel, food, and trade disruptions affecting...
29 African currencies weaken amid Middle East war, oil surge Rising import costs, debt pressures fuel inflation, food risks Institutions urge...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
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.