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☆ Niger junta names government, West African leaders to discuss next steps
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

General view as supporters of Niger's coup leaders take part in a rally at a stadium in Niamey, Niger, August 6, 2023. West African heads of state hold a summit in Nigeria aiming to agree on a plan of action for Niger, where coup leaders have refused to stand down despite the bloc's threat that it could use force to restore democracy. Since the July 26 power grab shocked the region, the defiant junta has rebuffed diplomatic overtures and ignored an Aug. 6 deadline from the Economic Community of West African States (ECOWAS) to reinstate ousted president Mohamed Bazoum. The bloc's leaders are expected to agree on next steps, which could include military intervention - something an ECOWAS official has said would be a last resort. Envoys of the Nigerian president, and ECOWAS chair, Bola Tinubu met coup leaders in the capital, Niamey, on Wednesday, offering a glimmer of hope for dialogue after previous missions were spurned.

Persons: Mohamed Bazoum, Roufai Laouali, Antonio Guterres, Bola Tinubu, Alessandra Prentice, Sofia Christensen, Robert Birsel, Philippa Fletcher Organizations: REUTERS, Economic, West African States, ECOWAS, United Nations, Thomson Locations: Niamey, Niger, NIAMEY, ABUJA, West, Nigeria, Abuja, Mali, Burkina Faso

☆ Time running short for diplomacy as post-coup Niger talks stall
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +3 min

[1/4] General Abdourahmane Tiani, who was declared as the new head of state of Niger by leaders of a coup, arrives to meet with ministers in Niamey, Niger July 28, 2023. They said they were committed to finding solutions through diplomacy and negotiation, but did not give details. Mali and Burkina Faso had previously vowed to come to Niger's defence if the regional bloc intervened, saying they would consider that a declaration of war against them. ECOWAS has said that the use of force would be a last resort if the soldiers do not step down and free Bazoum. The bloc's defence chiefs have agreed on a possible military action plan, which heads of state are expected to consider at their summit in the Nigerian capital, Abuja.

Persons: Abdourahmane Tiani, Balima, juntas, Antony Blinken, Mohamed Bazoum, Bazoum, Bola Tinubu, Nellie Peyton, William Maclean Organizations: REUTERS, United, United Nations, Economic, West African States, ECOWAS, . Security, Security, Niger, Thomson Locations: Niger, Niamey, NIAMEY, United Nations, Mali, Burkina Faso, Republic of Mali, Malian, States, Abuja

General Abdourahmane Tiani, who was declared as the new head of state of Niger by leaders of a coup, arrives to meet with ministers in Niamey, Niger July 28, 2023. REUTERS/Balima Boureima/File PhotoDAKAR, Aug 8 (Reuters) - Niger's regional and Western allies have announced a series of sanctions against the country following the July 26 coup. These sanctions have been imposed on Niger since the coup:WEST AFRICA REGIONAL BLOCThe Economic Community of West African States (ECOWAS) and the West African Monetary and Economic Union have imposed some of the most stringent sanctions on Niger so far since the coup. NETHERLANDSThe Dutch government, which was supporting development and security programmes in Niger, temporarily suspended its direct cooperation with the government following the coup. WORLD BANKThe World Bank suspended disbursements until further notice, except for private-sector partnerships which it said will continue with caution.

Persons: Abdourahmane Tiani, Balima, Bate Felix, Anait, Daphne Psaledakis, Gabriela Baczynska, Juliette Jabkhiro, Nick Macfie, Angus MacSwan Organizations: REUTERS, WEST AFRICA REGIONAL BLOC, Economic, West African States, ECOWAS, West, Monetary and Economic Union, Ivory, European Union, STATES, ., CANADA Canada, World Bank, Bank, Thomson Locations: Niger, Niamey, DAKAR, Nigeria, Ivory Coast, West Africa's, FRANCE France, France, Mali, Burkina Faso, NETHERLANDS, Dutch, United States, U.S, Africa, Washington, Brussels, Paris

☆ Italy cuts troops in Niger to free up military base space for civilians
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

Italian nationals and other European and American citizens, who have been evacuated from Niger, days after a junta seized power in the west African country, arrive at Ciampino Airport, near Rome, Italy, August 2, 2023. West Africa's regional bloc ECOWAS has threatened military intervention in Niger unless a July 26 military coup is reversed. The airlift was arranged to increase the "logistical autonomy" of the Italian military base, "optimising its accommodation capacity, if it becomes necessary to take in civilian compatriots and, in an emergency, evacuate them." The ministry said more flights out of Niger are planned in the coming days, adding that for the moment 250 Italian troops, deployed for counter-insurgency and military training missions, remain in the country. Last week Italy evacuated 36 of its nationals from Niamey, as well as dozens more citizens of other countries, leaving about 40 Italian civilians, mostly NGO workers, still present in Niger.

Persons: Remo Casilli, Mohamed Bazoum, insurgencies, Alvise, Frances Kerry Organizations: Ciampino, REUTERS, ECOWAS, Thomson Locations: Niger, Rome, Italy, West Africa's, Nigerien, Niamey, U.S, Niger . Italy, United States, France

☆ Calm pervades Niger's capital as deadline to reverse coup expires
▼ + stars: | 2023-08-06 | by ( Boureima Balima | ) www.reuters.com time to read: +2 min

An aerial view of the streets in the capital Niamey, Niger July 28, 2023. REUTERS/Souleymane Ag Anara/File PhotoNIAMEY, Aug 6 (Reuters) - Niger's capital was calm on Sunday, with citizens appearing to pay little heed to the threat of military intervention by West Africa's regional bloc, as its ultimatum for the country's coup leaders to reinstate the president expires. "I am not worried because I know that any military intervention by ECOWAS in Niger would be a loss for this organisation. ECOWAS did not respond to a request for comment on what its next steps would be, or when exactly on Sunday its deadline expires. Support for Niger's coup leaders from fellow juntas in neighbouring Mali and Burkina Faso could undermine the regional response.

Persons: Mohamed Bazoum, Hadjo Hadjia, Ouhoumoudou Mahamadou, Alessandra Prentice, John Stonestreet Organizations: REUTERS, Defence, Economic, West African, Sunday, Bazoum's, Thomson Locations: Niamey, Niger, NIAMEY, West, Central Africa, Russia, China, Mali, Burkina Faso, France

☆ Explainer: What are West Africa's options to reverse Niger's coup?
▼ + stars: | 2023-08-04 | by ( Edward Mcallister | ) www.reuters.com time to read: +4 min

[1/4] A member of the ECOWAS regional force is seen at Denton check point in Banjul, Gambia January 22, 2017. GROUND INVASIONECOWAS has sent troops into trouble spots before, but never in Niger and rarely with the region so divided. Coup leaders in Guinea, Burkina Faso and Mali have expressed support for Niger's junta, and other countries have their own security challenges. It is not clear how big an ECOWAS force would be or what form it would take. Security analysts and diplomats have also noted apparent divisions among Niger's armed forces, who may not all be united behind the coup.

Persons: Afolabi, Mohamed Bazoum, General Abdourahamane Tiani, Djiby Sow, Bazoum, Ikemesit Effiong, Effiong, Peter Pham, Edward McAllister, David Lewis, Emelia Sithole, Alexandra Zavis, Kevin Liffey Organizations: ECOWAS, REUTERS, Economic, West African States, Security, Institute for Security Studies, SPECIAL, SBM Intelligence, Nigerien, Atlantic Council, Thomson Locations: Denton, Banjul, Gambia, DAKAR, Niger, Guinea, Burkina Faso, Mali, Ivory Coast, Dakar, Nigeria, Niamey, U.S

☆ West African bloc seeks solution to Niger coup as deadline nears
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] Thousands of anti-sanctions protestors gather in support of the putschist soldiers in the capital Niamey, Niger August 3, 2023. REUTERS/Mahamadou HamidouNIAMEY, Aug 4 (Reuters) - West African defence chiefs were set to wrap up discussions about possible intervention in Niger on Friday, as mediators from the regional bloc push coup leaders in Niamey to restore constitutional order before an approaching deadline. The military junta in Niger is locked in a standoff with the Economic Community of West African States (ECOWAS), which has taken its hardest stance yet on last week's ouster of President Mohamed Bazoum - the seventh coup in West and Central Africa since 2020. Niger's self-declared leader Abdourahamane Tiani has rejected the sanctions and said the junta will not back down against any threats. Later on Friday, the region's defence chiefs will officially end a multi-day meeting in the Nigerian capital Abuja about a possible military response that they have said would be a last resort.

Persons: Mohamed Bazoum, Abdourahamane Tiani, Tiani, Alessandra Prentice, Simon Cameron, Moore Organizations: REUTERS, Economic, West African States, ECOWAS, Islamic, Thomson Locations: Niamey, Niger, Mahamadou, NIAMEY, West, Central Africa, France, juntas, Mali, Burkina Faso, al Qaeda, Islamic State, Nigerien, Nigerian, Abuja

☆ Niger coup leaders blamed insecurity; conflict data paints a different picture
▼ + stars: | 2023-08-03 | by ( Edward Mcallister | ) www.reuters.com time to read: +6 min

In Burkina Faso, where there were two coups last year, deaths rose 80% to more than 4,000 in 2022. Military spokespeople in Mali and Burkina Faso did not respond to requests for comment. Military leaders in Mali and Burkina Faso kicked out French forces after their coups. Niger army operations could falter, he said. "You saw it in Burkina Faso after the second coup.

Persons: Abdourahmane Tiani, Balima, Mohamed Bazoum, Ibrahim Yahaya Ibrahim, Wagner, Leonardo Santos Simao, Tiani, Simao, Bazoum, Ulf Laessing, Konrad Adenauer, Edward McAllister, Michelle Nichols, Alexandra Zavis, Giles Elgood Organizations: REUTERS, Security, Islamic, Crisis, Wagner Group, Reuters, spokespeople, United Nations, Economic, West, Sunday, Local, Military, Burkina Faso, European Union, Konrad Adenauer Foundation, Thomson Locations: Niger, Niamey, DAKAR, U.S, Mali, Burkina Faso, al Qaeda, Islamic State, West Africa's, Brussels, Boko, Nigeria, West Africa, West African States, Burkina, French, France, New York

☆ DNA of enslaved iron workers illuminates African American history
▼ + stars: | 2023-08-03 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

A view of the site of the Catoctin Furnace, an iron forge where enslaved people of African descent once worked, in Cunningham Falls State Park in Maryland, U.S., in this undated photograph. The site now also is providing unique insight into African American history thanks to research involving DNA obtained from the remains of 27 individuals buried in a cemetery for enslaved people at Catoctin Furnace. For African American and United States history, revealing these stories and family legacies is important to understanding and acknowledging who we are, where we came from and how we are connected to each other today," Bruwelheide added. Enslaved people of African descent were forced to work in agricultural, industrial and domestic settings in parts of the United States. In a first-of-its-kind analysis, the researchers examined historical DNA alongside genetic testing company 23andMe's personal ancestry database to identify 41,799 Americans related to the 27 individuals, including 2,975 close relatives.

Persons: Aneta, Camp David, Kari Bruwelheide, Bruwelheide, Éadaoin Harney, Andy Kill, enslavers, Kathryn Barca, Barca, Will Dunham, Rosalba O'Brien Organizations: REUTERS, U.S, Smithsonian Institution, Democratic, Smithsonian's National, of, United, Workers, Catoctin, Smithsonian, Thomson Locations: Cunningham Falls, Park, Maryland, U.S, Handout, REUTERS WASHINGTON, Camp, Catoctin, West, Central Africa's, Senegal, Gambia, Angola, Democratic Republic of Congo, Africa, Americas, Washington, United States, Civil

Washington's objective is to support West Africa's regional bloc ECOWAS in its efforts to reverse the takeover, the senior State Department official said, speaking on condition of anonymity. "We don't think it's fully successful, and we think there's a narrow opportunity to reverse it," the official told reporters. ECOWAS on Sunday gave Niger coup leaders one week to reinstate ousted Bazoum or face sanctions and the possible use of force. A change in government would affect Washington's ability to engage in Niger, though there are some exceptions to the law for counterterrorism, the official said. Niger and its neighbors Mali, Burkina Faso, Nigeria and Chad are all struggling to repel Islamist insurgents.

Persons: Mohamed Bazoum, Bazoum, Washington, Daphne Psaledakis, Humeyra Pamuk, Simon Lewis, Marguerita Choy Organizations: West, ECOWAS, senior State Department, Sunday, Islamic, ., U.S, Thomson Locations: Niger, U.S, West, Central Africa, France, Islamic State, al Qaeda, Mali, Burkina Faso, Nigeria, Chad

☆ Niger coup leaders dissolve govt, declare Tiani head of state
▼ + stars: | 2023-07-28 | by ( Moussa Aksar | ) www.reuters.com time to read: +4 min

NIAMEY, July 28 (Reuters) - Leaders of the coup in Niger declared General Abdourahamane Tiani as the new head of state on Friday, and said they had suspended the constitution and dissolved all former institutions after overthrowing President Mohamed Bazoum. He represents the state of Niger in international relations," an officer said, reading out a statement. African countries, Western powers, regional and international organizations have reacted with alarm to the coup in Niger, insisting that Bazoum be freed and constitutional order restored. Niger borders three countries - Mali, Burkina Faso and Chad - that have also experienced military coups in the last two years. Niger so far has held them off better than Mali and Burkina Faso, where violence has only worsened since the military coups.

Persons: Abdourahamane Tiani, Mohamed Bazoum, Tiani, Bazoum, Josep Borrell, Kamala Harris, Boris Pistorius, Bate Felix, Anait, Nellie Peyton, John Stonestreet, Angus MacSwan, Nick Macfie Organizations: National Council, Bazoum, REUTERS, Islamic, West African States, European Union, United, European, EU, German, Spiegel, Thomson Locations: NIAMEY, Niger, Mali, Burkina Faso, Chad, France, Niamey, al Qaeda, Islamic State, West Africa's, Nigeria, Guinea, United States, Africa, EU, Germany, Italy

'ONLY HOPE' FOR STABILITY IN SAHELNiger became a democratic outlier in West Africa's Sahel region following military takeovers in neighbouring Mali, Burkina Faso and Chad since 2020. All four countries of the arid Sahel region, just south of the Sahara, are now run by military leaders after soldiers in Niger said on Wednesday night they had ousted President Mohamed Bazoum. France, which has had counter-insurgency troops in West Africa for a decade, has turned to Niger to base the bulk of its forces. Their role is solely to support Niger's army when local forces identify operations in the border regions connecting Mali, Niger and Burkina Faso. The European Union decided in December to set up a three-year military training mission in Niger, to which Germany contributes troops.

Persons: Mohamed Bazoum, juntas, Moussa Aksar, John Irish, Nellie Peyton, Bate Felix, Emelia Sithole, Leslie Adler Organizations: Islamic, National Assembly, REUTERS, European Union, DEMOCRATIC, Economic, West African States, ECOWAS, John, Thomson Locations: West Africa, Niger, Africa's Sahel, Mali, Burkina Faso, Chad, al Qaeda, Islamic State, Russia, France, United States, U.S, Russian, Niamey, ACLED, Germany, Italy, Guinea, Bissau, Guinea Bissau, Paris

[1/5] A view of a ransacked supermarket Auchan, after Senegal opposition leader Ousmane Sonko was sentenced to prison in Dakar, Senegal June 3, 2023. REUTERS/Zohra BensemraDAKAR, June 3 (Reuters) - Streets filled with rubble and ransacked shops greeted residents of some Dakar neighbourhoods on Saturday - fallout from clashes between anti-government protesters and police that have gripped Senegal in recent days. Mobs smashed windows and looted at least two gas station shops overnight in Dakar's Ouakam and Ngor districts, while an Auchan supermarket in densely populated Grand Yoff was torched and ransacked. The unrest is the latest in a string of protests in Senegal, long considered one of West Africa's most stable democracies. The opposition is also concerned that President Macky Sall will try to bypass the two-term limit and run again in February elections.

Persons: Ousmane Sonko, Khadija, Ndiaye, Macky Sall, Edward McAllister, Bate Felix, Alessandra Prentice, Mark Potter Organizations: REUTERS, Thomson Locations: Senegal, Dakar, DAKAR, Dakar's, Ouakam, West

[1/5] People put out burning barricades that were set on fire by supporters of Senegal opposition leader Ousmane Sonko, after Sonko was sentenced to prison in Dakar, Senegal June 1, 2023. Nine people were killed in clashes between riot police and Sonko supporters on Thursday after he was sentenced to two years for corrupting youth. The opposition says the verdict, which could prevent Sonko from running in elections next year, was politically motivated. Cheikh Anta Diop University in Dakar was the epicentre of Thursday's violence, with protesters setting buses alight and throwing rocks at riot police, who responded by firing tear gas. One student, Alioune Ndiaye, said he planned to travel hundreds of miles to his home in eastern Senegal to escape the violence.

Persons: Ousmane Sonko, Sonko, Abdou Karim Fofana, Cheikh, Alioune Ndiaye, Macky Sall, Sall, Mouhamad Diouf, Diouf, Adji Sarr, Cheikh Hann, Bate Felix, Cooper Inveen, Sofia Christensen, Anait, Edward McAllister, Angus MacSwan, Frances Kerry Organizations: REUTERS, Army, Security, Cheikh Anta Diop University, Authorities, Thomson Locations: Senegal, Dakar, DAKAR, Senegalese, West, Ouakam

Sonko, 48, was accused of raping a woman who worked in a massage parlour in 2021, when she was 20, and making death threats against her. "With this sentence Sonko cannot be a candidate," said one of his lawyers, Bamba Cisse. University law professor Ndiack Fall said Sonko could demand a retrial if he turns himself in to authorities. But Sall's second term has been particularly turbulent for a country usually viewed as one of West Africa's strongest democracies. Separately, Sonko is appealing against a six-month suspended prison sentence for libel.

Persons: Ousmane Sonko, Bamba Cisse, Ndiack Fall, Sonko's, Sonko, Macky Sall, Sall, Ngouda Dione, Bate Felix, Sofia Christensen, Estelle Shirbon, Christina Fincher, Matthew Lewis Organizations: University, REUTERS, Thomson Locations: DAKAR, Dakar, West, Dakar Senegal, Senegal

DAKAR, June 1 (Reuters) - Nine people were killed in Senegal on Thursday in clashes between riot police and supporters of opposition leader Ousmane Sonko after a court sentenced him to two years in jail, casting serious doubt on his chances of running for president next year. The justice ministry said the opposition leader could now be taken to prison at any time. Police remained stationed around his home Dakar as unrest flared in the capital and elsewhere after the verdict. But Sall's second term has been particularly turbulent for a country usually viewed as one of West Africa's strongest democracies. Separately, Sonko is appealing against a six-month suspended prison sentence for libel - an offence he also denies.

Persons: Ousmane Sonko, Sonko, Bamba Ciss, Sonko's, Antoine Felix Abdoulaye Diome, Abdou Karim Fofana, Ndiack Fall, Macky Sall, Sall, Ngouda Dione, Bate Felix, Diadie Ba, Edward McAllister, Sofia Christensen, Alessandra Prentice, Matthew Lewis, Andrew Heavens, Daniel Wallis Organizations: Police, REUTERS, University, Thomson Locations: DAKAR, Senegal, Dakar, Dakar Senegal, West, Lincoln

Opposition MP Ramatoulaye Bodian said politicians and mayors had planned to visit Sonko at home on Monday, but were prevented by police who fired tear gas at them. Senegal's interior minister said Sunday's caravan had not sought permission and was stopped for security reasons. Senegal is seen as one of West Africa's strongest democracies and has a two-term limit for presidents. A guilty verdict could rule Sonko out of the election. Additional reporting by Joel Kouam Writing by Edward McAllister; Editing by Hugh Lawson and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

DAKAR, May 8 (Reuters) - The presidential bid of a popular Senegalese opposition politician was thrown into doubt on Monday after a court of appeal handed him a heavier suspended sentence in a libel case, triggering a small protest in Dakar that riot police quelled with tear gas. But Monday's appeal hearing extended the suspended sentence to six months, said lawyer Boubacar Cissé, who represents the minister. "If this sentence is final, there is a good chance that his candidacy will be inadmissible," Diaw said. He has six days to file an appeal with the Supreme Court. Aside from the latest ruling, Sonko is also charged with raping a beauty salon employee in 2021 and making deaths threats against her.

☆ Artists give new life to Ivory Coast's neglected 'Pyramid'
▼ + stars: | 2023-04-24 | by ( Loucoumane Coulibaly | ) www.reuters.com time to read: +2 min

REUTERS/Luc GnagoABIDJAN, April 24 (Reuters) - International and local artists paint giant, colourful murals on the exterior of a 15-storey building in Ivory Coast's commercial capital called "the Pyramid," an architectural gem that fell into disuse 20 years ago. A symbol of Ivorian prosperity in the 1970s and one of the first towers built in the central business district of Plateau in Abidjan, this futuristic pyramid-shaped building was neglected for years. The project "Pyramid 2023, tomorrow is already born" aims to give it a second life. Through this initiative, Ivorian artistic director Lemon Otto renovates external facades of older building such as Pyramid, which was completed in 1973 under the direction of the Italian architect Rinaldo Olivieri. Many buildings in the business district are internationally known and could teach Ivorians about their own urban history, architects say.

Nestle (NESN.S) and Hershey (HSY.N) said they paid the LID premium. But when the COVID pandemic cratered demand, global cocoa prices plunged before they built up a cushion. Ivory Coast and Ghana say companies should pay both premiums. Industry data from the International Cocoa Organisation (ICCO) shows cocoa output in Ivory Coast rose to record levels in the 2020/21 season. Of the roughly 2 million tonnes of cocoa Ivory Coast produces each year, between 20-30% is grown illegally in protected forests by an estimated 1.3 million people, many of them children.

☆ U.S. military conducts first maritime drills with West African forces
▼ + stars: | 2023-03-16 | by ( Cooper Inveen | ) www.reuters.com time to read: +2 min

SOGAKOPE, Ghana, March 16 (Reuters) - The West African troops silently pulled their small boats up to a rust-stained ferry and swarmed up its sides on grappling hooks to disarm the mock kidnappers onboard. The drill in Ghana's Volta river on Saturday was carried out during the first ever maritime exercises organised by the U.S. military under its long-running Flintlock programme to bolster the skills of West African forces. Around 350 troops took part in the drills including servicemen from Ivory Coast, Ghana and Nigeria on the Gulf of Guinea. Illegal, unreported and unregulated (IUU) fishing has spread along West Africa's coasts, sapping an estimated $9.4 billion per year through illicit financial flows, according to a 2022 report by the Financial Transparency Coalition of non-governmental organisations. Of the top 10 companies they found involved in IUU fishing in the region, eight were Chinese and a third of all vessels sported Chinese flags, it said.

☆ Blinken brings aid and praise to Niger as it battles insurgents
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +3 min

Blinken's visit to Niger, the first by a U.S. Secretary of State, signals its importance as a U.S. ally in the Sahel, a senior State Department official told reporters travelling with Blinken. Landlocked Niger and other countries in the Sahel, including its neighbours Mali, Burkina Faso, Nigeria and Chad, are all struggling to repel Islamist insurgents who in some cases have seized control of swathes of territory. The official praised Niger's President Mohamed Bazoum for opposing military coups in Mali and Burkina Faso and for consulting the parliament over security issues rather than deciding alone. Ghana has asserted that Burkina Faso has also hired Wagner mercenaries. "They use a lot of misinformation and disinformation to besmirch the French, I think, and the traditional French security partnership."

Relations between Russia and the U.S. have become more hostile since Moscow invaded Ukraine over a year ago, and Washington and its allies oppose Russian influence in West Africa. This has worried Western governments and the United Nations who say the move has led to a spike in violence. Mali, whose government took power in a 2021 military coup, has previously said Russian forces are not mercenaries but trainers helping local troops with equipment from Russia. The UK, Germany and other nations are pulling troops from a United Nations peacekeeping mission in Mali as security worsens. Armed groups have a foothold in coastal countries including Benin and Togo and threaten economic leaders Ivory Coast and Ghana.

☆ THG appoints Damian Sanders as chief financial officer
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: 1 min

Portugal agrees to swap Cape Verde's debt for environmental investment, article with galleryEnvironment category · January 23, 2023Portugal has signed an agreement to swap Cape Verde's debt for investments in an environmental and climate fund that is being established by the archipelago nation off West Africa's coast, Portuguese Prime Minister Antonio Costa said on Monday.

☆ Portugal agrees to swap Cape Verde's debt for environmental investment
▼ + stars: | 2023-01-23 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, Jan 23 (Reuters) - Portugal has signed an agreement to swap Cape Verde's debt for investments in an environmental and climate fund that is being established by the archipelago nation off West Africa's coast, Portuguese Prime Minister Antonio Costa said on Monday. The former Portuguese colony, which is already suffering from rising sea levels and significant biodiversity loss due to increasing ocean acidity, owes around 140 million euros ($152 million) to the Portuguese state and over 400 million to its banks and other entities. Climate change is a challenge that takes place on a global scale and no country will be (environmentally) sustainable if all countries are not sustainable," Costa said during a state visit to Cape Verde in remarks broadcast by RTP television. Cape Verde Prime Minister Ulisses Correia e Silva said his country needed to urgently enable mechanisms and financing instruments to support such solutions and deal with natural emergencies. ($1 = 0.9206 euros)Reporting by Sergio Goncalves; editing by Andrei Khalip and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

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