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Alliance of Sahel States launches investment bank with $820 million capital

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The Alliance of Sahel States (AES), comprising Mali, Burkina Faso and Niger, has created a regional investment bank with an initial capital of 500 billion CFA francs (about $820 million), aimed at financing infrastructure and development projects across the three countries.

The institution, named the Confederation Bank for Investment and Development (BCID-AES), is designed to strengthen economic integration and reduce reliance on external funding.

Officials said the bank will prioritize sectors such as energy, agriculture and transport to support growth in the region.

The move comes as the AES seeks to consolidate its economic and financial sovereignty following its withdrawal from the West African bloc ECOWAS earlier this year. The bank is expected to begin operations in 2026, with headquarters in Niamey.

 

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