Africa Watch
Mali, Burkina Faso and Niger Launch $895M AES Regional Investment Bank
The military-led governments of Mali, Burkina Faso and Niger have jointly launched a new regional investment bank capitalised at 500 billion CFA francs (about US$895 million).
The move marks a major step in their effort to finance development independently following their withdrawal from the Economic Community of West African States (ECOWAS).
The bank, which is now officially operational, is designed to fund large-scale infrastructure, energy and agricultural projects across the three Sahel countries The three countries form the Alliance of Sahel States (AES), a political and military bloc after military takeovers in these countries. The bloc that broke away from ECOWAS aims for deeper integration, a unified military, and new economic structures.
The news regional bank is expected to pool resources from the three economies that are rich in natural assets. Mali and Burkina Faso are among Africa’s leading gold producers, while Niger holds some of the world’s most significant uranium reserves.
Speaking after the signing ceremony in Bamako, Burkina Faso’s Finance Minister, Aboubakar Nacanabo, described the initiative as a strategic necessity.
“Creating a development bank is a matter of financial stability, economic development and financing strategic projects,” he said, underscoring the bloc’s intent to take greater control of its economic future.
According to officials, the bank will be capitalized partly through domestic measures. The three governments plan to introduce new taxes to support the lender, with each country expected to contribute around 5% of its tax revenues. Serge Balima, an adviser to Burkina Faso’s junta leader Ibrahim Traoré, previously indicated that this approach reflects a deliberate shift away from dependence on foreign donors.
The launch of the bank comes amid mounting challenges in the Sahel, including political instability, climate stress and a widening Islamist insurgency. Mali, Burkina Faso and Niger have repeatedly accused ECOWAS of failing to adequately support their security efforts, a grievance that culminated in their exit from the regional bloc.
Mali’s Finance Minister, Alousséni Sanou, confirmed that the initial capital has been secured, allowing the institution to begin operations. He said the next phase will involve appointing the bank’s leadership and mobilising additional funding from within the region and beyond.
For observers across West Africa, including Ghana, the development signals a significant realignment in regional economic cooperation. While questions remain about governance, sustainability and investor confidence, the new bank represents a bold attempt by the three Sahel states to assert financial sovereignty and chart a new development path outside traditional regional structures.
Africa Watch
March and March Leader Gunned Down: South African Police Face Mounting Pressure as Assassination Sparks Fear of Reprisals
South African police are under mounting pressure to investigate the targeted killing of a senior March and March Movement leader, as the anti-immigration group vows to intensify its weekly protests despite a wave of death threats against its regional commanders.
Andile Mvuyelwa Somgxada, the movement’s Gauteng provincial leader, was shot while leaving his home in Greenfields, Ekurhuleni, on 4 July 2026. He was rushed to hospital, where he remained in critical care before succumbing to his injuries on 9 July.
National spokesperson Sandile Dube described Somgxada as “a dedicated and peace-loving patriotic South African” who remained committed to the movement’s campaign against undocumented migration. “He was rushed to hospital for medical treatment, where he fought for his life until the final hour on Thursday, July 9, 2026, when he was pronounced dead,” Dube said.
Wave of threats against regional leaders
The killing comes amid what the movement describes as a coordinated campaign of intimidation against its leadership structures across multiple provinces. According to Dube, the movement’s Tshwane regional leader received warning messages following a march held in Mamelodi on 9 July.
“Similar threats have also been received in Umlazi township in KwaZulu-Natal and in Mpumalanga province, all directed at March and March leaders,” Dube said.
The movement claims the threats originate from individuals who allegedly benefit from extortion, protection fees and other criminal enterprises linked to undocumented foreign nationals operating illegal businesses. These claims have not been independently verified.
“We call upon law enforcement authorities to get to the bottom of this matter, as it is bound to create unnecessary tension in various communities,” Dube said.
Movement vows to intensify protests
Despite the assassination and escalating threats, March and March has announced it will intensify its nationwide Thursday demonstrations, particularly in Gauteng Province, where it claims support for the campaign continues to grow.
The movement, which has become one of South Africa’s most visible anti-immigration groups over the past year, has organised demonstrations across several provinces calling for stronger immigration enforcement and action against undocumented foreign nationals.
“We call upon South Africans to stand up in defence of their country against drug cartels, extortionists disguised as security companies, drug dealers and human trafficking agents whose businesses are being disrupted by these continuous marches,” Dube said.
Immigration debate turns deadly
The assassination adds a volatile new dimension to South Africa’s increasingly polarising immigration debate. The March and March Movement, operating within a coalition of more than 20 anti-immigrant organisations, has mobilised nationwide demonstrations since setting a 30 June deadline for undocumented migrants to leave the country.
Those protests have repeatedly escalated into violence. At least two people were killed in Mossel Bay during anti-immigrant protests, while five people have died since protests began in April. Thousands of migrants, both documented and undocumented, have been driven from their homes, with businesses and property vandalised.
The Department of Home Affairs has intensified security raids, resulting in the arrest of thousands of undocumented migrants. More than 45,000 foreigners have reportedly left South Africa in recent months, returning to countries including Malawi, Zimbabwe, Mozambique, Ghana and Nigeria.
Memorial and funeral arrangements
Dube confirmed that a memorial service for Somgxada is expected to be held in Gauteng later this week, while his funeral will take place in the Eastern Cape, subject to confirmation by his family.
“We call upon South Africans to honour the life of a fellow patriot and marcher, Mr Andile Mvuyelwa Somgxada, whose legacy will never be allowed to fade in vain,” Dube said.
Police under scrutiny
The South African Police Service (SAPS) has faced criticism over its handling of politically motivated violence, particularly following the establishment of specialised units in Gauteng to investigate political assassinations and organised crime. The killing of Somgxada is likely to test these mechanisms.
Police have not yet publicly commented on the investigation or confirmed whether any arrests have been made in connection with the assassination.
A nation on edge
With the movement vowing to continue its Thursday protests for four months leading up to municipal elections, and regional tensions already inflamed by the killing, South Africa faces an uncertain period. The government has maintained that immigration laws must be enforced within the framework of the Constitution and the rule of law, while condemning vigilantism.
But for the March and March Movement, the assassination of one of its own has only hardened its resolve. As Dube put it: “We will not be intimidated”.
Africa Watch
Ghost Agency, Real Money: How a $1million ‘Non-Existent’ Gov’t Agency Made It Into Nigeria’s Budget
A scandal rocking Nigeria’s public finance system has exposed a startling institutional failure: a presidential council that never legally existed was allocated ₦1.3 billion (approximately USD$1 million) in the 2026 Appropriation Act, raising urgent questions about oversight, verification, and accountability in the country’s governance machinery.
The controversy centers on the Presidential Foreign Intervention Promotion Council (PFIPC)—an entity the Presidency now insists was never established by law, executive order, or any lawful instrument. Despite its non-existence, the council reportedly occupied office space within the Federal Secretariat in Abuja, operated as though legitimate, and secured a multi-billion-naira budget line in the nation’s spending law.
President Bola Tinubu has directed the Independent Corrupt Practices and Other Offences Commission (ICPC) to launch a comprehensive investigation, while the House of Representatives has initiated its own parliamentary inquiry. Criminal proceedings involving the alleged promoter of the PFIPC are already before the courts.
A Budget That Cannot Create an Agency
The revelation has shocked Nigerians—not solely because of the alleged fraud, but because of the systemic breakdown it represents.
Under Nigerian law, government agencies are established through legislation, executive orders, constitutional provisions, or other lawful instruments. A budget allocates funds; it does not—and cannot—confer legal existence on an institution. The PFIPC’s inclusion in the Appropriation Act therefore only deepens the mystery: how did a fictitious agency pass through multiple layers of official scrutiny undetected?
“The budget is only one part of the story,” experts note. The more pressing question is how the PFIPC came to be listed in official budget documents if it had no legal foundation.
Where Did the System Fail?
Nigeria’s annual budget travels a well-defined path before becoming law. Agencies submit proposals, the Budget Office compiles them into the Appropriation Bill, the Federal Executive Council reviews the figures, the National Assembly scrutinizes and approves, and the President signs off.
The PFIPC saga has exposed potential vulnerabilities at every stage.
How was the council captured in budget documents? Were verification mechanisms bypassed—or did they simply fail? Could better inter-agency coordination have flagged the anomaly before billions were allocated?
These are the questions lawmakers are now expected to answer as part of their investigation.
Why the Scandal Matters Beyond the Allegations
For governance experts, the PFIPC controversy is about more than one fraudulent agency. It raises fundamental concerns about the robustness of Nigeria’s public service safeguards.
Public confidence in institutions depends not only on accountability after problems emerge, but on the strength of systems designed to prevent them. The scandal has renewed debate over whether existing checks—on official appointments, government correspondence, and the legal status of agencies—are sufficient to prevent impersonation and fraud.
Many analysts have long called for stronger digital verification systems, improved record-sharing among government bodies, and more rigorous due diligence at every stage of budget formulation.
What Happens Next?
The ICPC investigation, parliamentary inquiry, and ongoing criminal proceedings are expected to shed light on how the PFIPC infiltrated official processes. But for most Nigerians, the central question is no longer whether the council existed. It is whether the nation’s governance systems can be strengthened to prevent similar incidents in the future.
The PFIPC scandal may ultimately be remembered either as an isolated case of alleged fraud—or as the catalyst for sweeping reforms in transparency, accountability, and institutional integrity.
Africa Watch
Go Back to Your Country: South Africans Chased from Mozambique Beach in Viral Video as Xenophobia Backlash Spreads Across Africa
In what many are calling random retaliation for recent xenophobic attacks on foreigners in South Africa, South Africans abroad are increasingly being confronted, harassed, and told to “go back to your country.”
In a dramatic scene captured on video and widely shared on social media, two South African women were confronted and ordered to leave a beach bar in Mozambique, with the owner telling them to “go to the beach in your country.”
The confrontation has gone viral, with many viewers interpreting it as retaliation for recent attacks on foreigners — particularly Mozambicans, Nigerians, Ghanaians, and Malawians — in South Africa.
In the footage, the bar owner questions why the women chose to holiday in Mozambique instead of staying in South Africa, escalating into a heated exchange.
This is the latest visible sign of growing resentment across the continent.
Covert Responses by African Countries
Beyond public confrontations, several African nations have responded more strategically to the xenophobia crisis:
- Repatriation Efforts: Ghana, Nigeria, Mozambique, and Malawi have quietly organised large-scale evacuations of their citizens. Ghana has already airlifted hundreds, while Nigeria has run multiple flights. Mozambique has bused out hundreds and reported several of its nationals killed in the violence.
- Diplomatic Pressure: Ghana formally petitioned the African Union for sanctions against South Africa. Several countries have summoned South African diplomats or postponed high-level visits. Nigeria has threatened broader retaliatory measures.
- Economic and Border Measures: There are reports of increased scrutiny at borders, informal boycotts of South African goods in some markets, and private sector pullbacks. Some countries are reviewing trade agreements and investment deals with South Africa.
- Public and Civil Society Backlash: Social media campaigns, protests, and calls for consumer boycotts of South African brands have gained traction across the region.
Ghana recently rejected a request for a state visit by South African President Cyril Ramaphosa, citing a surge in xenophobic violence that has forced the repatriation of nearly 1,000 Ghanaians and left at least one citizen dead.
The South African government has condemned the violence and promised investigations, but critics say enforcement remains weak. Regional observers warn that without stronger action, xenophobia could cause long-term damage to South Africa’s diplomatic and economic standing in Africa.
This latest beach incident demonstrates how grassroots anger is manifesting beyond official channels, turning everyday interactions into flashpoints in the wider continental crisis.
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