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☆ Coup juntas threaten to quit West Africa bloc: Here’s what it means for the region — and Russia
▼ + stars: | 2024-02-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

ACCRA, Ghana - ECOWAS flag with member flags at the second extraordinary summit on the political situation in Burkina Faso, in Accra, Ghana, on February 3, 2022. OUAGADOUGOU, Burkina Faso - Jan. 20, 2023: A banner of Russian President Vladimir Putin is seen during a protest to support the Burkina Faso President Captain Ibrahim Traore and to demand the departure of France's ambassador and military forces. Mali has ruled out leaving WAEMU, while Burkina Faso is considering it. "Mali, Burkina Faso and Niger will likely draw on the extractive sector to improve their weak economies. A recent UN Development Programme report surveyed 5,000 people who had directly experienced a recent coup or unconstitutional change of government, including citizens of Burkina Faso, Chad, Guinea, Mali and Sudan.

Persons: NIPAH DENNIS, Bola Tinubu, Vladimir Putin, Captain Ibrahim Traore, Alex Vines, there'd, Tinubu, Ouattara, —, Vines, Mucahid Durmaz, Verisk Maplecroft, Durmaz, Balima Boureima, insurgencies, Wagner, Niger, specter, Mohamed Bazoum, Rey Byhre Organizations: Getty, Economic, West African States, ECOWAS, Nigerian, Africa, Chatham House, CNBC, Algeria —, West, Cote D'Ivoire, Anadolu Agency, Getty Images, Wagner Group, West African Economic, Monetary Union, CFA, National Council for, UN Locations: ACCRA, Ghana, Burkina Faso, Accra, AFP, Mali, Niger, Sahel, Mauritania, OUAGADOUGOU, Chatham, France, Nigeria, Côte d'Ivoire, Algeria, Malian, Russia, Bamako, Mucahid, West Africa, Togo, Benin, Cote, NIAMEY, NIGER, Niamey, West, U.S, Moscow, WAEMU, Seme, Chad, Guinea, Sudan, The Gambia, Tanzania, Kati

☆ Niger debt default reaches $304 million due to sanctions- agency
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

DAKAR, Nov 14 (Reuters) - Niger has missed payments on interest and capital totalling 187.136 billion ($304 million) CFA francs since a July coup and its suspension from regional financial markets, data from the West African regional debt management agency showed on Tuesday. The West African monetary union debt management agency UMOA Titres said in a statement on Tuesday that the country had missed another interest payment of around 2.464 billion CFA francs ($4 million) on its debt. "This payment incident occurs in a context where the State of Niger is subject to sanctions taken against it by the conference of heads of state and government of the West African Economic and Monetary Union," the agency said. Niger has been suspended from the regional financial market, and the regional central bank by the Economic Community of West African States (ECOWAS) and the West African monetary union following a military coup in July that ousted President Mohamed Bazoum. ($1 = 615.5300 CFA francs)Reporting by Bate Felix; Editing by Andrew Heavens and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: UMOA Titres, Mohamed Bazoum, Bate Felix, Andrew Heavens, Bernadette Baum Organizations: CFA, West, West African Economic, Monetary Union, Economic, West African States, ECOWAS, Thomson Locations: DAKAR, Niger, State

☆ West African leaders meet over Niger coup, junta warns against intervention
▼ + stars: | 2023-07-30 | by ( ) www.cnbc.com time to read: +3 min

Niger's military leaders warned against any armed intervention in the country as West African leaders are set to gather in Nigeria's capital on Sunday for an emergency summit to decide on further actions to pressure the army to restore constitutional order. Heads of state of the 15-member Economic Community of West African States (ECOWAS), and the eight-member West African Economic and Monetary Union could suspend Niger from its institutions, cut off the country from the regional central bank and financial market, and close borders. Niger's eastern neighbor Chad, a non-member of both regional organizations, has been invited to the ECOWAS summit, a statement from the Chadian president's office said on Saturday. The West African leaders could also for the first time, consider a military intervention to restore President Mohamed Bazoum who was ousted when General Abdourahamane Tiani was declared the new head of state on Friday. Ahead of the Sunday summit, the military leaders in Niger on Saturday night, warned in a statement read on Niger national television on Saturday night against any military intervention.

Persons: Mohamed Bazoum, General Abdourahamane Tiani, Amadou Abdramane, Bazoum Organizations: Nigerien, Nigerien Party for Democracy and, West African States, ECOWAS, West African Economic, Monetary Union, Chadian, World Bank, West, Niger, European Union, African Union Locations: Niamey, Niger, Chad, . Niger, France, United States, West, Central

[1/9] Demonstrators gather in support of the putschist soldiers in Niamey, the capital city of Niger July 30, 2023. Images showed fires at the walls of the French Embassy and people being loaded into ambulances with bloodied legs. Military officials involved in the coup would be banned from travelling and have their assets frozen, it added. The Niger military rulers later asked protesters to abstain from vandalism and destruction of property. The European Union and France have cut off financial support to Niger and the United States has threatened to do the same.

Persons: Stringer, Mohammed Bazoum, General Abdourahamane Tiani, Amadou Abdramane, Sani Idrissa, Russia's Wagner, Yevgeny Prigozhin, Boureima Balima, Moussa Aksar, Felix Onuah, Elizabeth Pineau, Bate Felix, Andrew Cawthorne, Frances Kerry Organizations: REUTERS, Pro, Niamey Military, Sahel region's, French Embassy, Economic, West, West African Economic, Monetary Union, Military, United Nations, African Union, European Union, World Bank, The, ECOWAS, Thomson Locations: Niamey, Niger, Sahel, NIAMEY, ABUJA, Niger's, Nigeria, States, Mali, Burkina Faso, Guinea, United States, France, The United States, Italy, Germany, French, Niger national, Russian, Abuja, Paris

☆ West Africa threatens force on Niger coup leaders, French Embassy attacked
▼ + stars: | 2023-07-30 | by ( ) www.cnbc.com time to read: +1 min

NIAMEY, NIGER - JULY 30: Coup supporters take to the streets after the army seized power in Niamey, Niger on July 30, 2023. (Photo by Balima Boureima/Anadolu Agency via Getty Images)West African nations imposed sanctions and threatened force on Sunday if Niger's coup leaders fail to reinstate ousted President Mohammed Bazoum within a week, while supporters of the junta attacked the French embassy in Niamey. At an emergency summit in Nigeria to discuss the coup last week, leaders of the Economic Community of West African States called for constitutional order to be restored, warning of reprisals if not. ECOWAS and the eight-member West African Economic and Monetary Union said that with immediate effect borders with Niger would be closed, commercial flights banned, financial transactions halted, national assets frozen and aid ended. Military officials involved in the coup would be banned from travelling and have their assets frozen, it added.

Persons: Balima Boureima, Mohammed Bazoum, Mahamat Idriss Deby, Bola Tinubu Organizations: Anadolu Agency, Getty Images, Economic, West, Nigerian, West African Economic, Monetary Union, Military Locations: NIAMEY, NIGER, Niamey, Niger, Niger's, Nigeria, States

BAMAKO, June 18 (Reuters) - Malians will vote on Sunday in a referendum on changing the constitution that the ruling military junta and regional powers have said will pave the way to elections and a return to civilian rule. "Now is the time to confirm our commitment to the new Mali," he added, wearing his trademark beret and military fatigues. They also say the proposed constitution hands excessive authority to the president including over the legislative process. "I am for a revision of the constitution but not this referendum. Writing by Alessandra Prentice; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Assimi Goita, Fousseini Ag Yehia, Alessandra Prentice, Andrew Heavens Organizations: West African, ECOWAS, Nations, West African Economic, Monetary Union, Thomson Locations: BAMAKO, Mali, Bamako, Saturday

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