• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Alliance of Sahel States Advance Plans for Regional Development Bank

4 weeks ago
in Business, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
52
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Alliance of Sahel States Advance Plans for Regional Development Bank

Finance and economy ministers from the Alliance of Sahel States (AES) have moved to accelerate the operationalization of the Confederal Bank for Investment and Development (BCID-AES), a key financial institution recently created by Burkina Faso, Mali, and Niger.

Meeting in Niamey, Niger’s capital, the ministers reached a consensus to release the necessary capital for the bank within the required timeframe, a critical step expected to enable a swift start to the bank’s activities.

The commitment was announced in an official communique following the ministerial committee meeting, as reported by Xinhua.

More than just a conventional financial institution, the BCID-AES is envisioned as a long-term economic tool aimed at strengthening financial independence across the AES bloc. Mali’s Finance Minister, Alousséni Sanou, stressed that the bank should serve as a genuine instrument of economic sovereignty.

According to a Sputnik Africa correspondent, Sanou urged that the institution be seen not merely as a bank, but as a foundation for strategic transformation within the region.

AES states pursue financial independence

The BCID-AES was established following the joint withdrawal of Burkina Faso, Mali, and Niger from ECOWAS earlier this year.

The key objectives of the bank include financing critical infrastructure and development projects, reducing reliance on external donors, mobilizing local resources, and advancing the bloc’s overall economic and financial autonomy.

To meet these goals, ministers from the three member countries reaffirmed their joint commitment to taking all necessary steps toward full implementation. They agreed to intensify consultations that would guide the rollout of the bank’s priority initiatives.

Sanou further noted the importance of finalizing legal frameworks and foundational studies, describing them as essential groundwork for the bank’s successful takeoff. He also called on the public to support the initiative, encouraging citizens across the three countries to actively promote the bank and its mission.

The BCID-AES was established following the joint withdrawal of Burkina Faso, Mali, and Niger from the Economic Community of West African States (ECOWAS) earlier this year. The creation of the bank signals a broader shift by the three Sahel nations toward regional self-determination in economic matters.

With political alignment and financial mobilization now underway, the Confederal Bank for Investment and Development is set to become a central pillar in reshaping the AES economic landscape.

Source: businessinsider
Via: norvanreports
Tags: Alliance of Sahel States Advance Plans for Regional Development Bank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.