Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

For West African juntas, CFA franc pits sovereignty against expediency

For West African juntas, CFA franc pits sovereignty against expediency

DAYS after Burkina Faso, Mali and Niger announced last month they were quitting the West Africa political union ECOWAS, Burkina Faso's military ruler Ibrahim Traore was already naming his next target: the region's CFA franc currency. "It's not just the currency. Anything that maintains us in slavery, we'll break those bonds," the 35-year-old army captain turned coup leader said in an interview, posted on YouTube. The three countries jointly announced on Jan. 28 they were pulling out of the Economic Community of West African States (ECOWAS) after it pressured them to restore constitutional order following a string of coups. Having…
Read More
Burkina Faso names coup leader Traore as transitional president

Burkina Faso names coup leader Traore as transitional president

BURKINA FASO'S military officials, political parties and civil society leaders officially designated army captain Ibrahim Traore as the country's transitional president, two weeks after he seized power in Burkina Faso's second coup this year. About 300 delegates are meeting over two days in the capital, Ouagadougou, to outline plans to return the West African country to constitutional rule. Burkina Faso is struggling with a violent insurgency waged by groups linked to al Qaeda and Islamic State that began in neighbouring Mali in 2012 and has spread to other countries south of the Sahara Desert. The violence has killed thousands, displaced…
Read More