Africa Business Finance Headlines International

Three West African coup-hit states ponder ditching French colonial currency

Junta leaders in the coup-hit West African countries have recently made headlines when they pushed for the ditching of the West African franc (CFA), a colonial-era legacy, though the desire to change the currency seems to not be uniform yet among the three juntas. Since the coup in Niger in July last year, fissures within […]

Africa Headlines International

ECOWAS lifts several sanctions against Niger

The heads of state of the member countries of the Economic Community of West African States (ECOWAS) have decided to lift some of the sanctions imposed on Niger following last year’s military coup, announced the president of the regional organization’s Commission, Omar Alieu Touray, from Abuja on Saturday. ECOWAS “has decided to lift with immediate […]

Africa Headlines International

ECOWAS ‘has nothing against Niger, Mali or Burkina Faso’ — Nigerian military chief

African nations should unite against any form of uprising from jihadists in the Sahel region and other parts of West Africa following the withdrawal of the coup-hit Mali, Niger and Burkina Faso from ECOWAS, Nigeria’s military chief, General Christopher Musa has said. The withdrawal of the three member states from the regional bloc, coupled with […]

Africa Headlines International

Burkina Faso junta leader warns AES armies ready to fight and ‘teach’ ECOWAS ‘lesson’

“They taught us a lesson, but they will also learn,” Burkina Faso’s junta leader, Captain Ibrahim Traoré, has warned the regional bloc ECOWAS of a possible armed conflict amid escalating tensions, stressing that the united armies of the Alliance of Sahel States (AES) are prepared to take on the ECOWAS forces that had been touted […]

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Niger again fails to meet debt payment as post-coup woes pile

Niger failed to make a debt payment of 13.4 billion CFA francs ($22 million) last week, the West African debt management agency said on Monday (19 February), bringing the total default to $519 million since a coup in July 2023 and its subsequent suspension from regional financial markets. The West African Economic Monetary Union (WAEMU) […]

Africa Headlines International

Burkina Faso, Mali, Niger juntas confirm plan to form new tri-state confederation

Burkina Faso, Mali and Niger have confirmed their commitment to form a confederation following their ‘exit’ from the regional bloc ECOWAS and called to “urgently” draft provisions ensuring the free movement of people and goods between the three West African countries. A trilateral meeting of ministerial delegations on 15 February also recommended expanding the Alliance […]

Africa Headlines International

Senegal’s growing unrest after Sall’s ‘constitutional coup’ can further destabilize West Africa

There have now been three fatalities amid protests in Senegal over the postponement of the presidential election until December, which has been condemned by the opposition as a “constitutional coup” and that could have dire consequences for the entire coup-hit West Africa. Clashes erupted between security forces and protesters in the capital Dakar and other […]

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ECOWAS: Withdrawal of Mali, Burkina Faso & Niger from African Bloc Kills Algeria-Nigeria Pipeline Project

Mali, Burkina Faso, and Niger have announced their withdrawal from the Economic Community of West African States (ECOWAS), dealing a hard blow to France and the Algerian regime which is serving the agenda of the former French colonial power in the region. In a joint statement released Sunday, the three Sahel countries said they took […]

Africa Headlines International

Burkina Faso, Mali and Niger exit regional ECOWAS bloc amid rising tensions

Three military-led West African nations have all announced their immediate withdrawal from The Economic Community Of West African States (ECOWAS), accusing the regional group of falling “under the influence of foreign powers” and becoming a threat to its members. The decision by the coup-born governments in Mali, Burkina Faso, and Niger to withdraw from ECOWAS […]

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Iran vows to help Niger overcome sanctions

Iran has proposed to help Niger surmount economic sanctions it has been under since July 26 after incumbent leader General Abdourahamane Tiani removed Mohamed Bazoum in a military coup. The offer was made Wednesday January 24 by Iran’s first Vice-President Mohammad Mokhber during a meeting with Niger’s visiting Premier Ali Mahaman Lamine Zeine, reports say. […]