Public Management

G5 Sahel: EU commits €194 mln anti-terrorism financing

G5 Sahel: EU commits €194 mln anti-terrorism financing
Thursday, 30 April 2020 14:07

The European Union says it will invest €194 million to fight growing terrorism in the G5 Sahel. According to the institution, “the serious crisis affecting the G5 Sahel and Lake Chad Basin States could spread to neighboring countries and even to the coastal countries of the Gulf of Guinea.”

The money is additional funding that will be used to “strengthen the security forces and accelerate the redeployment of states in fragile areas.” The operation mainly targets the “three border areas” between Mali, Niger, and Burkina Faso, which is plagued by frequent jihadist attacks.

In recent years, several international donors such as the EU have announced funding for the organization. Unfortunately, these pledges have been slow to materialize, slowing down the operationalization of the G5 Sahel Joint Force.

While the new coronavirus pandemic has added further stress to global economic activity, the question of the effective disbursement of new funding to support forces on the ground remains a topical issue. Also, to address the dual security and health crisis, the G5 Sahel leaders called on their European partners to adopt even more significant measures, including “outright cancellation of Africa's debt.”

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon to tax foreign online platforms from Jan. 1, 2026 Non-resident firms face 3% minimum levy or 30% corporate tax Reform targets...
Partnership targets financing, financial inclusion, business formalization Pilot formalized 343 firms; nationwide programme targets 5,000...
Nigeria stock market posts record 36.6 trillion naira capitalisation gain in 2025 All-Share Index jumps 51%, driven by earnings, dividends, FX...
Egypt receives $3.5 billion initial payment from Qatar-backed coastal project Deal targets Mediterranean real estate and tourism...
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

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
03

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

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
04

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
05

Partnership targets priority projects, startup support and skills training Deal aligns with...

Gabon Signs MoU With Huawei on Digital Economy Push
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.