Public Management

The new Sahel Economic Alliance takes shape: milestone summit outlines path to integration and growth

The new Sahel Economic Alliance takes shape: milestone summit outlines path to integration and growth
Tuesday, 28 November 2023 04:38

On September 16, Mali, Burkina Faso, and Niger joined forces to establish the Alliance of Sahel States (AES), a response to shared ideals in the face of international economic sanctions following a breach of constitutional order. The Alliance convened its inaugural ministerial summit on November 25 in Bamako, the capital of Mali, bringing together ministers responsible for Economy and Finance from the three Sahelian countries.

The summit primarily centered on economic development within the Liptako-Gourma region, resulting in the adoption of 18 key recommendations. These aim to set the stage for genuine integration within the newly formed alliance. The proposed measures include enhancing the free movement of goods and people across the AES, implementing a robust food security mechanism, formulating a collective industrialization strategy for alliance states, expediting the execution of energy, agricultural, hydraulic, and transportation projects, and even considering the establishment of regional civil nuclear power projects.

This gathering follows the adoption of the Liptako-Gourma Charter on September 16, amid political tensions between the three states, all governed by military juntas, and the ECOWAS organization. The latter imposed stringent sanctions and demanded a swift return to constitutional order.

While the recommendations have been well-received by the populations of the Alliance countries, their effective implementation raises some questions. Mali, Burkina Faso, and Niger remain heavily reliant on external financial, food, and humanitarian aid, often sourced from countries traditionally unsupportive of "unconstitutional changes." The economic repercussions of these stringent sanctions continue to impact the economies and financial systems of these three nations, compounded by the significant humanitarian consequences of the ongoing security crisis.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Relance 2026-2030 program Bank’s cumulative financing in...
Burkina Faso has created Yennenga Holding to centralize state stakes in banks and a reinsurer. The new entity will manage holdings in BCB, BADF,...
Chinaplans to remove tariffs on imports from African countries starting May 1, 2026. Analysts say more industrialized African economies could...
CEMAC prices fall 0.4% in Q4 2025, ending five-year rise Inflation stood at 2.8%, below region’s 3% threshold Sharpest price declines recorded in...
Most Read
01

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
02

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
05

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
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.