Senegalese Americans

Best's Commentary: Heightened Political Tension in West Africa Likely to Have Limited Impact on (Re)Insurance Markets

Retrieved on: 
Thursday, February 22, 2024

The Best’s Commentary, “Impact on (Re)Insurance Markets Likely Limited Amid Heightened Political Tension in West Africa,” notes that while insurance penetration in the three countries remains low, there is solid demand for reinsurance for larger commercial risks, including retrocession into international markets, and that commercial relationships between domestic insurers and regional reinsurers are likely to persist.

Key Points: 
  • The Best’s Commentary, “Impact on (Re)Insurance Markets Likely Limited Amid Heightened Political Tension in West Africa,” notes that while insurance penetration in the three countries remains low, there is solid demand for reinsurance for larger commercial risks, including retrocession into international markets, and that commercial relationships between domestic insurers and regional reinsurers are likely to persist.
  • However, departure from the Conférence Interafricaine des Marchés d’Assurances (CIMA) community could have regulatory implications for those countries’ (re)insurers, and AM Best analysts will continue to monitor developments.
  • To access a complimentary copy of this commentary, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=340662 .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

West Africa trade will take a hit as Mali, Niger and Burkina Faso leave Ecowas

Retrieved on: 
Wednesday, February 14, 2024

Founded in 1975, Ecowas is one of eight regional economic communities recognised by the African Union to foster regional integration on the continent.

Key Points: 
  • Founded in 1975, Ecowas is one of eight regional economic communities recognised by the African Union to foster regional integration on the continent.
  • Its main objective is to create a single, large trading bloc through economic cooperation.
  • Intra-regional trade remains well below the levels of other regions and the west African economies still rely a lot on informal activities.
  • These networks have encouraged the development of informal trade between west African countries and prevented the implementation of trade facilitation initiatives.

The integration conundrum

  • Subject to constant climatic uncertainties, it includes some of the poorest and least developed countries in the world.
  • Sahelian countries such as Burkina Faso, Mali and Niger depend more on regional trade than coastal countries, such as Côte d’Ivoire, Ghana or Nigeria.
  • They tend to produce identical agricultural commodities, which they typically trade with other countries located on the Gulf of Guinea.
  • Livestock trade between the Sahel and the Gulf of Guinea is also highly dependent on free movement between west African countries.

The consequences

  • Withdrawing from Ecowas is likely to have major consequences on the regional economy as a whole.
  • Without free access to the ports of Cotonou, Lomé, Abidjan or Tema, Sahelian imports will be far more expensive.
  • In addition, leaving Ecowas and its free movement protocol could have catastrophic consequences for millions of Sahelians who live in – or wish to migrate to – coastal cities.

Political motivations

  • It is primarily motivated by the fact that the bloc’s approach to region-building is not confined to economic integration.
  • Ecowas is also well-known for its robust involvement in peacekeeping and security operations to end conflict in the region.


Olivier Walther receives funding from the Organisation for Economic Co-operation and Development.

Ecowas: why withdrawal of Mali, Niger and Burkina Faso signals fresh trouble for the Sahel

Retrieved on: 
Wednesday, February 7, 2024

On 27 January 2024, Mali, Burkina Faso and Niger announced their plan to withdraw from membership of the Economic Community of West African States (Ecowas), despite repeated efforts at reconciliation. Diplomacy scholar Nicholas Westcott explains how the decision may be the latest symptom of a deepening crisis in the Sahel, the area south of the Sahara desert stretching from Mauritania in the west to Chad in the east.Why does their decision pose a threat to the region?So does the risk of potential hostility to Malian and Burkinabe migrants in Ghana, Côte d’Ivoire and Senegal.

Key Points: 


On 27 January 2024, Mali, Burkina Faso and Niger announced their plan to withdraw from membership of the Economic Community of West African States (Ecowas), despite repeated efforts at reconciliation. Diplomacy scholar Nicholas Westcott explains how the decision may be the latest symptom of a deepening crisis in the Sahel, the area south of the Sahara desert stretching from Mauritania in the west to Chad in the east.

Why does their decision pose a threat to the region?

  • So does the risk of potential hostility to Malian and Burkinabe migrants in Ghana, Côte d’Ivoire and Senegal.
  • Stopping free movement between these three countries and the rest of west Africa would have serious economic consequences for all concerned.
  • Other western countries risk being tarred with the same neocolonial brush unless they reform international institutions to reflect African concerns.

What are the drivers?

  • This has been brought on by years of sluggish growth following the 2008 financial crisis, COVID and the Ukraine war, the impact of climate change and population growth.
  • Elected governments are finding it increasingly difficult to satisfy the expectations of their citizens.
  • It is almost a re-run of the 1970s when drought, corruption and development failures led to a rash of coups in the region.

Why have regional bodies like Ecowas not been able to help?

  • Faced with the juntas’ threat of secession, African regional organisations, in this case Ecowas and the African Union, face a dilemma.
  • Or do they compromise their principles to preserve at least nominal unity, and allow authoritarian governments back into the club?
  • Nevertheless, it’s possible that the departure announcement is a bargaining chip to get more lenient terms for their reintegration into Ecowas.

What lies behind the military regimes’ announcement?


Regime survival has become their overriding objective. Their explicit intention seems to be to undermine the principle that African nations should apply standards to each other. The fact that African governments themselves signed up to these principles is as irrelevant to the insurrectionists, who want to retain power, as it is to the jihadists, who want to seize it. They have set out the following justifications for their withdrawal:
Ecowas provided no support against the jihadists
Ecowas has imposed “illegal” sanctions that are harming the people
Ecowas has fallen under the influence of foreign governments.

  • They reflect an attempt to look like defenders of the poor and opponents of western influence.
  • Populations are being mobilised and armed to fight the jihadists.
  • Their official justification may be anti-terrorist duties, but their real purpose is to protect the regime from further threats of mutiny, coup or invasion.
  • The migrant trade is already thriving again in Agadez, the key transit point in northern Niger to the Mediterranean coast.


Nicholas Westcott does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Afolabi Oke, Appointed as Ambassador of the African Union 6th Region to Nigeria, ECOWAS

Retrieved on: 
Wednesday, January 31, 2024

Lagos, Nigeria--(Newsfile Corp. - January 31, 2024) - Afolabi Kehinde Oke, Nigerian business executive and technology entrepreneur, has been appointed as the official Ambassador of the African Union 6th Region (AU6R)/The Economic Community Africa Sixth Region (ECASR) to Nigeria and the Economic Community of West Africa States (ECOWAS).

Key Points: 
  • Lagos, Nigeria--(Newsfile Corp. - January 31, 2024) - Afolabi Kehinde Oke, Nigerian business executive and technology entrepreneur, has been appointed as the official Ambassador of the African Union 6th Region (AU6R)/The Economic Community Africa Sixth Region (ECASR) to Nigeria and the Economic Community of West Africa States (ECOWAS).
  • The African Union, in an official statement, highlighted that Afolabi Oke's appointment was based on his exceptional qualifications, expertise, and unwavering commitment to the mission and vision of AU6R/ECASR.
  • "I am deeply honoured to accept the prestigious appointment as Ambassador of the African Union 6th Region/ The Economic Community of Africa Sixth Region to Nigeria and the Economic Community of West African States (ECOWAS).
  • As Afolabi Oke takes on this significant diplomatic role, expectations are high for his leadership to further enhance the ties between the African Union 6th Region and Nigeria, as well as contribute to the economic development and technological advancement of the ECOWAS region.

African Agriculture Announces Multi-Year Supply Agreement with South Korea-Based Holding Company Dr. Kahn

Retrieved on: 
Thursday, January 4, 2024

New York, Jan. 04, 2024 (GLOBE NEWSWIRE) -- African Agriculture Holdings Inc. (Nasdaq: AAGR), (“African Agriculture” or “the Company”) a pioneering company operating a commercial-scale alfalfa farm in Senegal and dedicated to food security for the coming century, today announced a multi-year supply agreement with Dr. Kahn, a South Korea based diversified holding company, for the supply of alfalfa to South Korea.

Key Points: 
  • New York, Jan. 04, 2024 (GLOBE NEWSWIRE) -- African Agriculture Holdings Inc. (Nasdaq: AAGR), (“African Agriculture” or “the Company”) a pioneering company operating a commercial-scale alfalfa farm in Senegal and dedicated to food security for the coming century, today announced a multi-year supply agreement with Dr. Kahn, a South Korea based diversified holding company, for the supply of alfalfa to South Korea.
  • Under the terms of the agreement, African Agriculture will supply up to the entirety of the specific production of the 700 hectares that are currently under development.
  • “The scope of this agreement proves out our growth strategy, providing us with a validation by a leading South Korean company, representative of the highest quality control standards in that market,” stated Alan Kessler, Chairman and CEO of African Agriculture.
  • This supply agreement to Asia represents further commercial validation of our pilot program, and we look forward to scaling our production.

The Vanuatu Trade Commission To Ghana Partners ECO-6 For Development In Vanuatu and West Africa

Retrieved on: 
Tuesday, January 2, 2024

MIAMI, Jan. 2, 2024 /PRNewswire-PRWeb/ -- The Vanuatu Trade Commission of Ghana has signed an agreement with the African Diaspora Central Bank (ADCB)/ Eco-6 Lumi as its strategic trading partners for the Republic of Vanuatu and the West African sub-regional countries.

Key Points: 
  • MIAMI, Jan. 2, 2024 /PRNewswire-PRWeb/ -- The Vanuatu Trade Commission of Ghana has signed an agreement with the African Diaspora Central Bank (ADCB)/ Eco-6 Lumi as its strategic trading partners for the Republic of Vanuatu and the West African sub-regional countries.
  • The Vanuatu Trade Commission Ghana represents a sovereign trading partner of the Economic Community of West African States (ECOWAS) while ECO-6 invests in members and trade partners of African Regional Economic Communities (RECs).
  • We embrace this agreement as a sign of hope for our jurisdictional relevance of the Vanuatu Trade Commission.
  • Million Africans and our Diaspora families benefit through financial stimulus packages from the Vanuatu Trade Commission and ADCB.

The Mining Sector in West Africa 2023 - A Growing Industry with Dozens of Companies Actively Exploring - ResearchAndMarkets.com

Retrieved on: 
Thursday, December 21, 2023

The "Mining Sector in West Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Mining Sector in West Africa 2023" report has been added to ResearchAndMarkets.com's offering.
  • West Africa contains known deposits of various minerals, and many more are still to be discovered as the region is generally underexplored.
  • In 2023, construction restarted on the Simandou iron ore mining, railway and deep water port project in Guinea.
  • This report covers mining in West Africa, including the countries comprising the Economic Community of West African States (Ecowas).

Coup in Gabon: Ali Bongo the eighth west African leader to be ousted by military in two years

Retrieved on: 
Friday, September 1, 2023

Gabon’s prime minister, Ali Bongo, has become the latest in a string of African leaders to be ousted by a military coup in recent years.

Key Points: 
  • Gabon’s prime minister, Ali Bongo, has become the latest in a string of African leaders to be ousted by a military coup in recent years.
  • The coup in Gabon is the eighth in west and central Africa since 2020, and the second – after Niger – in as many months.
  • News of Bongo’s removal from power was greeted by many with jubilation, with crowds taking to the streets in support of the military junta.

Contested election

    • The result of the August 26 election, which appeared to hand Bongo his third term in power, was widely disputed.
    • There were reported long delays in polling stations being opened, the internet was shut down, and a curfew was imposed as polls closed.
    • In 2016, there were outbreaks of violence which resulted in more than 50 deaths after an extremely tight election result which Bongo won by 49.8% of the vote against his main opponent, Jean Ping with 48.2%.
    • Gabon’s human rights record has been mixed, with reports of abuse and violence, especially against dissident voices after the 2016 election.

International reaction

    • But the events in Libreville will put pressure on the regional body which is already discussing ways to reverse the recent coup in Niger which occurred barely a month ago.
    • Russia, on the other hand, has been steadily trying to strengthen its influence in the region and might see an opportunity to gain further influence by supporting Gabon’s military junta.
    • China, too, is keen to play a growing role in the region – although Beijing tends mainly to concentrate on building economic ties on the resource-rich continent.

Niger coup: why an Ecowas-led military intervention is unlikely

Retrieved on: 
Tuesday, August 8, 2023

Ecowas leaders gave the Nigerien military junta an ultimatum to cede power within seven days of 30 July or face a military intervention.

Key Points: 
  • Ecowas leaders gave the Nigerien military junta an ultimatum to cede power within seven days of 30 July or face a military intervention.
  • However, hopes of a Nigeria-led Ecowas military intervention in Niger now appears dim.
  • The likelihood of a military intervention further diminished when Nigerian legislators rejected the idea.
  • It will be difficult for Ecowas to carry out military intervention without the full support of Nigeria.
  • My view is that the unwillingness of Nigeria’s politicians to support military intervention, coupled with growing local support for the junta in Niger, will make the use of force almost impossible.

Why military intervention is unlikely

    • Hundreds of youths joined military personnel to stand guard at the entrance to Niamey.
    • Second, politicians in Nigeria and Ghana fear that any military intervention would result in human catastrophe, which would further destabilise the region.
    • President Bola Tinubu, who took office only recently, will find it difficult to ignore the senators from the region who rejected any military intervention.
    • A military intervention in Niger which could result in a full blown war would embolden terrorist groups.

Way forward

    • The de facto leader General Abdourahamane Tiani was on the verge of being removed as leader of the presidential guard before the coup d'etat.
    • Many high-ranking military officers in the country are involved in the mutiny and it is almost impossible they will be able to work with Bazoum again.
    • They could be tried for treason, which is punishable by death in Niger.
    • As I have explained elsewhere, the mutiny was partly a result of the large presence of foreign military troops in the country.

Niger: with a key deadline passed, Nigeria must take decisive steps to prevent a civil war in its neighborhood

Retrieved on: 
Monday, August 7, 2023

West Africa is now bracing to see how Ecowas, which has threatened to take all steps, including military intervention, will react.

Key Points: 
  • West Africa is now bracing to see how Ecowas, which has threatened to take all steps, including military intervention, will react.
  • Niger’s coup bears serious consequences for regional peace, security, and stability in west Africa, especially as it affects Nigeria and the already troubled Sahel region.
  • The options now before Ecowas are to extend the deadline to give mediation and diplomatic efforts a chance, or to proceed with the threatened military intervention.

Jihadi insurgency threats

    • Elsewhere in southern Niger there is overspill from violence in northern Nigeria involving jihadist groups, including Boko Haram and its breakaway faction, the Islamic State in the West African Province (ISWAP).
    • To add to the instability, there are estimated to be as many 30,000 “bandits”, mainly operating in and around northern Nigeria.
    • While described as “terrorists” by the Nigerian government, these are generally driven by economic and criminal, enterprises.

All eyes on Nigeria’s response

    • The cost of previous Ecowas interventions, particularly in Liberia and Sierra Leone, has largely been borne by Nigeria.
    • That would have calamitous consequences for the region and major implications for global security.