Public Management

Bamako opposes additional sanctions from regional blocs over elections

Bamako opposes additional sanctions from regional blocs over elections
Monday, 10 January 2022 13:41

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)

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $25 million and $40 million. The acquisition...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian businessman Abdul Samad Rabiu posted the largest...
Kenya Pipeline Company will list on the Nairobi Securities Exchange by the end of January 2026. The IPO targets local and foreign investors as part of...
The Bank of Ghana plans to sell up to $1 billion on the FX market in January 2026. The central bank aims to limit exchange-rate volatility...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
04

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
05

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
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.