Public Management

EU announces €138 mln in aid for G5 Sahel

EU announces €138 mln in aid for G5 Sahel
Wednesday, 10 July 2019 17:12

G5 Sahel is receiving an additional €138 million granted by the European Union to further operations, Federica Mogherini (photo), EU High Representative for Foreign Affairs announced this week.

According to the manager, the new aid will be in addition to the funding already announced a few months earlier by the European institution. It will finance the deployment of the G5 Sahel joint force “including its police component”.

This announcement was made at the fifth inter-ministerial meeting of the G5 Sahel countries, held on Tuesday, July 10 in Ouagadougou, Burkina Faso. “We have decided to consolidate the partnership on the basis of the following priorities: ownership by the five countries of the G5 Sahel, in particular through enhanced coordination by the Permanent Secretariat, the definition of an integrated framework for action on security and development and the identification of priority areas on which the parties' efforts will be concentrated,” said Federica Mogherini.

Created in 2014, the G5 Sahel, which aims to pool efforts of Mali, Chad, Burkina Faso, Niger and Mauritania to combat terrorism and insecurity in the region, has seen its deployment delayed due to a lack of the financial resources necessary for its operationalization. Last December, donors pledged more than $2 billion in funding to the organization, mainly for the implementation of its priority investment program.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon, Congo, and Gabon seek new IMF programs after previous ones expired Regional bloc commits to sustaining reforms and rebuilding...
Program has supported about 50 women-led businesses since 2023 Nearly CFA7 billion mobilized combining financing and technical support New cohort of...
Proparco and RMBV take minority stake through $91 million capital increase Funds to support industrial expansion and West Africa growth Group...
Net profit drops 14% to CFA19.25 billion in 2025 Cost of risk nearly doubles, cutting operating income Bank shifts toward more liquid assets amid...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
03

MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....

MTN Zambia Links Mobile Money to Bank POS in New Partnership
04

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
05

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
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.