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Mali, Burkina Faso and Niger Launch $895M AES Regional Investment Bank

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Ibrahim Traore, Burkina Faso military leader.

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

Pope Leo XIV to Embark on Ambitious 10-Day Tour of Four African Nations

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Pope Leo XIV will depart on Monday, April 13, 2026, for a major 10-day apostolic journey to Africa, visiting Algeria, Cameroon, Angola, and Equatorial Guinea.

Vatican officials are describing the tour as a deliberate effort to shine a global spotlight on the continent.

The trip, spanning nearly 18,000 kilometers (11,185 miles) and including stops in 11 cities and towns, will be the longest and most ambitious overseas journey of the pontiff’s young papacy.

During the tour, running from April 13 to 23, the 70-year-old Pope is scheduled to deliver 25 speeches, hold meetings with political leaders, and engage extensively with local Catholic communities.

Cardinal Michael Czerny, a senior Vatican official and close adviser to Pope Leo, said the visit is intended “to help turn the world’s attention to Africa.”

He noted that by heading to the continent early in his pontificate, the first American Pope is sending a strong message that “Africa matters” and should not be overlooked amid other global concerns.

Africa is currently the fastest-growing region for Catholicism, with more than 20% of the world’s 1.4 billion Catholics now living on the continent. Equatorial Guinea, which has not hosted a papal visit since 1982, is over 70% Catholic, while significant Catholic populations exist in Cameroon and Angola. Algeria, by contrast, is overwhelmingly Muslim with a small Catholic community.

The tour comes as Pope Leo has taken an increasingly vocal stance against the ongoing war in Iran. Vatican officials say the African visit reflects both the Church’s pastoral priorities and its commitment to global solidarity with regions often marginalized in international discourse.

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Africa Watch

U.S. Warns Citizens to Reconsider Travel to Nigeria Citing Terrorism

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Washington, D.C. – The United States has issued a strong travel advisory urging its citizens to reconsider all travel to Nigeria, citing persistent threats of terrorism, kidnapping, civil unrest, and armed attacks across large parts of the country.

In an update released last Wednesday, the US State Department placed several Nigerian states under its highest-level “Do Not Travel” warning due to the deteriorating security situation.

The advisory also authorised the voluntary departure of non-emergency US embassy staff and their families from Abuja, describing the overall environment as increasingly challenging for American citizens and diplomats.

Despite deepening security cooperation between Washington and Abuja — including counter-terrorism support, intelligence sharing, maritime security, and military training with US-supplied aircraft and helicopters — the move underscores the gap between strategic partnership and the daily reality of insecurity faced by civilians and foreigners in many regions.

The advisory warns that violent attacks could occur with little or no warning in public places such as markets, hotels, places of worship, schools, and transportation hubs.

Nigerian authorities have yet to issue a formal response to the latest warning. In the past, officials have criticised such advisories for unfairly tarnishing the country’s image and potentially harming diaspora travel, international conferences, and foreign investment at a time when Nigeria is seeking economic recovery.

The development comes amid a fresh surge in deadly attacks in parts of the country, raising renewed concerns about the effectiveness of ongoing counter-insurgency operations against groups such as Boko Haram and ISWAP, as well as banditry and communal violence in other regions.

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Ghana Launches Month-Long Cultural Festival in Ethiopia to Strengthen Pan-African Ties

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Addis Ababa, Ethiopia – The Ghana Embassy in Ethiopia and Permanent Mission to the African Union and UNECA has officially launched “Ghana Month,” a major cultural and diplomatic initiative aimed at deepening ties between Ghana and Ethiopia while showcasing Ghana’s rich heritage across Africa.

The celebration, running throughout May 2026 at Kuriftu Village in partnership with Kuriftu Resorts, will feature cultural performances, creative exhibitions, music, fashion, culinary experiences, and entrepreneurial showcases. It is expected to attract diplomats, business leaders, tourists, and the Ethiopian public.

Counsellor Ms Grace Maakinyi Mbiba, in her opening remarks, described the initiative as “an opportunity to showcase the diversity of Ghana’s heritage and the dynamism of its creative and entrepreneurial sectors.”

Ambassador Dr Robert Afriyie commended Kuriftu Resorts for the collaboration, calling it a true embodiment of Pan-Africanism. He noted that the event aligns with Ghana’s broader vision of using tourism, culture, music, fashion, and history to promote continental unity and economic cooperation.

The Ambassador highlighted the growing bilateral relationship between Ghana and Ethiopia and positioned the month-long celebration as a practical platform to leverage the African Continental Free Trade Area (AfCFTA) through cultural exchange and people-to-people connections.

The initiative is expected to boost tourism, trade, and mutual understanding between the two nations.

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