West African regional blocs -WAEMU and ECOWAS- announced tightened measures against Bamako. They decided so to pressure the Malian Junta into holding elections next month.
Gathered in Accra yesterday, the West African leaders announced, with immediate effect, the freezing of Malian state assets within the regional central bank and all the community’s commercial banks. ECOWAS will close both air and land borders to Mali and suspend financial aid to the country. Moreover, trade between Mali and the rest of the region will be strictly limited to necessities, oil and medical products, and electricity. All ECOWAS envoys to Bamako will be recalled.
Although the regional institution seems stuck to its guns, it has made it clear that the sanctions could be "gradually" lifted provided that "an acceptable and agreed timetable" is put in place and is duly respected.
In response, the Malian leaders condemned these "illegal and illegitimate" sanctions and deplored the lack of solidarity from WAEMU and ECOWAS. They also denounced the manipulation of regional institutions by foreign powers and promised to fight back. “As reciprocity, Mali has also decided to recall its ambassadors in ECOWAS and to close its land and air borders with the states concerned,” a government spokesman revealed in a broadcasted statement.
Jean-Marc Gogbeu (intern)
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
South Africa proposes zero-alcohol limit for all drivers Reform amends National Road Traffic Act’s drink-driving provisions Move targets road deaths...
Focus areas include education, rural development, climate resilience, digitalisation Programme targets water access, vulnerable groups and human...
Gabon launches SIGFIP to centralise all public revenues and spending System integrates tax, customs, procurement and real-time financial...
This week’s health headlines in Africa highlight Kenya’s severe drought and a spike in typhoid cases in the DRC. As clinical trials for mpox and Lassa...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...