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
Two Permanent Security Council Seats and a Veto: Africa Makes Bold Demand at the UN
Africa has made its boldest demand yet for reform of the United Nations Security Council: at least two permanent seats with veto powers, and five non-permanent seats for the continent.
Vice-President Kashim Shettima of Nigeria delivered the demand while presenting President Bola Tinubu’s national statement at the 81st UN General Assembly in New York, positioning Africa’s case as both a moral imperative and a necessary correction to a global governance structure built for a bygone era.
“The world of 2026 cannot remain captive to the distribution of power in 1945,” Shettima declared, drawing a sharp contrast between the Security Council’s post-World War II origins and today’s geopolitical realities.
A Longstanding Demand
Nigeria’s position is consistent with the Ezulwini Consensus and Sirte Declaration, adopted as the Common African Position. Under this framework, Africa seeks at least two permanent seats with all existing privileges, including veto power for as long as the privilege exists, alongside five non-permanent seats on the Council.
The African Union reaffirmed the demand in May, stating that Africa’s exclusion from permanent representation constituted a historical imbalance requiring correction.
Shettima argued that institutions claiming authority to act for humanity must adequately reflect the people on whose behalf decisions are taken. Africa, he noted, is home to 1.5 billion people and constitutes the largest regional voting bloc in the General Assembly—yet remains without a single permanent seat.
The 1945 Problem
The Security Council has five permanent members: China, France, Russia, the United Kingdom, and the United States, each possessing veto power. This configuration has remained unchanged since the UN’s founding in 1945, apart from a single expansion of non-permanent membership from six to ten in 1965.
Africa currently has no permanent representative on the Council.
Shettima said Africa could no longer remain outside permanent membership while issues concerning the continent continued to occupy substantial attention of the Council. He linked Security Council reform to efforts to restore confidence in multilateralism amid widening geopolitical divisions.
“Differences among nations must not obscure their common humanity or responsibility to preserve peace for future generations,” he said.
Nigeria’s Peacekeeping Record
Shettima recalled Nigeria’s contributions to international and regional peace operations in Liberia, Sierra Leone, Darfur, Mali, and The Gambia. He said Nigeria also continues to work through ECOWAS, the African Union, and Gulf of Guinea mechanisms, covering mediation, counter-terrorism, democratic governance, and maritime security.
According to him, these efforts demonstrate Nigeria’s commitment to international peace and security—and its readiness to assume greater responsibility on the global stage.
A Warning Against Propaganda
The Vice-President also warned against a global environment where propaganda blurred distinctions between victims and aggressors and complicated accountability. He maintained that an inclusive and effective UN remained indispensable to global peace and sustainable development.
Shettima reaffirmed Nigeria’s commitment to the UN Charter and international cooperation, saying Nigeria supported an international system where diplomacy takes precedence over coercion and international law guides relations among states.
He identified the conflict in Sudan and other theatres as requiring urgent diplomacy because of their humanitarian, economic, and geopolitical consequences.
The Road Ahead
Nigeria’s demand comes amid renewed calls by African leaders for reforms to an institution whose permanent membership remains unchanged since its creation. The African Union’s preferred reform model provides for at least two permanent African seats, including veto privileges while existing members retain them, and five non-permanent seats.
Whether the five permanent members, particularly China, Russia, and the United States, will support a reform that dilutes their power remains uncertain. Previous reform efforts have stalled for decades.
But Shettima made clear that Africa’s patience is wearing thin. The continent, he said, remains committed to a multilateral order capable of responding more credibly to 21st-century realities.
“The world of 2026 cannot remain captive to the distribution of power in 1945,” he repeated, leaving little doubt that Africa intends to keep pressing until its voice is heard, and its seat secured.
Africa Watch
Return to Wakanda: Is Afrobeats Set for Another Marvel Triumph?
The fictional kingdom of Wakanda may be thousands of miles away from Lagos, Accra, and Johannesburg, but its soundscape remains deeply tied to the rhythms of the African continent.
Reports circulating across social media and film databases suggest that Nigerian megastar Burna Boy could be making a high-profile return to the Black Panther franchise.
According to credit listings briefly spotted on IMDb, the Grammy-winning “African Giant” is featured among the music contributors for Marvel Studios’ anticipated next chapter in the Wakandan saga.
The listed lineup also features Nigerian singer CKay, South African pop phenom Tyla, and American hip-hop icon Kendrick Lamar, who curated the record-breaking original Black Panther album in 2018.
For fans across the continent, the news has sparked immediate celebration. The Black Panther franchise has consistently served as a global megaphone for modern African culture.
When Wakanda Forever debuted, Burna Boy’s haunting track “Alone” stood out as one of the emotional pillars of the film’s soundtrack.
Rejoining the lineup alongside hitmakers like CKay and Tyla signals a continued commitment by film directors and music supervisors to keep contemporary African sounds at the heart of Hollywood’s biggest blockbuster universe.
However, music enthusiasts and industry insiders know that online database entries carry a major caveat.
IMDb listings are frequently crowdsourced or updated ahead of formal production stages, meaning unconfirmed cast and crew additions can circulate long before studio executives step in. Marvel Studios has maintained its trademark secrecy, offering no official tracklist or artist confirmations.
Whether the current roster proves accurate or undergoes shifts before release, the mere prospect highlights Afrobeats’ firmly established footprint in global pop culture.
Until Marvel officially drops the needle, fans will be keeping a close watch—and hoping the African Giant lands back in Wakanda.
Africa Watch
British-Nigerian Influencer Dies After Penis Enlargement Procedure in Thailand
A British-Nigerian businessman and social media influencer died from a pulmonary embolism after undergoing a penis enlargement procedure in Thailand, a UK coroner’s inquest has heard.
Igho “Tiny” Ubiribo, also known as “Ego”, was 43 when he died in Bangkok following complications from the cosmetic procedure during a trip to Thailand with his wife.
Evidence presented at the inquest said Ubiribo had 40ml of hyaluronic acid and lidocaine injected into his penis at an unnamed clinic in March.
Shortly after the procedure, he developed chest pain and collapsed twice at his hotel.
He was taken to Sukhumvit Hospital, where doctors suspected a pulmonary embolism — a potentially fatal blockage of a blood vessel supplying the lungs.
His condition deteriorated despite emergency treatment, with medical staff reportedly performing CPR for more than 100 minutes.
Ubiribo died in the early hours of March 6.
His body was subsequently repatriated to the UK for further examination. A post-mortem reportedly detected cellular filler material in his lungs consistent with hyaluronic acid, the substance used during the cosmetic procedure.
Evidence presented to the inquest indicated that the material found in his lungs matched the filler administered during the treatment.
The coroner concluded that the cosmetic procedure had caused the fatal pulmonary embolism.
The case highlights the potentially serious complications associated with injectable cosmetic procedures, particularly when performed outside a patient’s home country. Pulmonary embolisms can occur when material enters the bloodstream and travels to the lungs, where it can obstruct blood flow and become life-threatening.
Ubiribo’s death has also drawn attention to the risks surrounding cosmetic procedures undertaken abroad, where patients may face unfamiliar medical standards, follow-up arrangements and emergency care systems.
The circumstances of his death were examined during the UK inquest as authorities sought to establish how the procedure ultimately led to the fatal complication.
-
Ghana News21 hours agoOBITUARY: Gamal Gorkeh Nkrumah, Son of Ghana’s Founding President, Dies in Cairo
-
Festivals & Events2 days agoLALID LIVE 2026: An Evening of Entertainment and Connection in Accra
-
Festivals & Events19 hours agoMaddFest 2027: Welcome the New Year with a Night of Celebration in Accra
-
Sights and Sounds1 day agoEPP BookShop at Legon: A Destination for Students, Families and Book Lovers
-
Health & Wellness23 hours agoWalking Is More Than Exercise: Small Steps That Can Transform Your Health
-
Taste GH2 days agoFrom Waakye to Fufu: How to Enjoy Ghanaian Food and Eat Well
-
Homes & Real Estate1 day agoBuilding Smarter in Ghana: Could Plastic Rebar Clips Improve Construction Efficiency?
-
Arts and GH Heritage1 day agoInside Togo’s Abandoned Colonial Building, African Artists Reclaim Cultural Memory
