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
Naos Investimenti plans to expand into Togo to support SME and informal-sector financing. The Italian firm discussed market entry with Togo’s Chamber...
Togo expects external project grants to fall from CFA166.9 billion in 2026 to CFA31.6 billion by 2028. The government projects fiscal revenues to rise...
Lendable raises over $300 million at first close of two funds Funds target fintech credit, transport, energy SMEs in emerging...
Government authorizes up to CFA1,650 billion in new borrowing Funds to cover unpaid state bills and finance development projects Public debt rises to...
Most Read
01

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
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
05

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
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.