Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

ECOWAS exit could see junta-led nations lose access to $702bn market

Daba Finance/ECOWAS exit could see junta-led nations lose access to $702bn market
BREAKING NEWSFebruary 3, 2024 at 9:23 PM UTC

TLDR

  • Mali, Niger, and Burkina Faso considering withdrawing from ECOWAS could harm their fragile economies and worsen food insecurity.
  • Exiting ECOWAS may lead to the loss of access to a $702 billion market and increased tariffs and restrictions.
  • This move could worsen economic challenges and increase vulnerability, posing a threat to the stability of these nations.

The intentions of Mali, Niger, and Burkina Faso, currently under military rule, to withdraw from the Economic Community of West African States (ECOWAS) could have detrimental effects on their fragile economies and worsen existing issues of widespread food insecurity.

These landlocked nations, among the poorest in the region with an annual per-capita GDP of less than $1,000, face potential risks by breaking away from the West African bloc, per a report by Bloomberg.

Exiting ECOWAS puts them at the peril of losing access to a substantial $702 billion market, exposing them to elevated tariffs and restrictions on the movement of goods and financial flows. This move has the potential to exacerbate economic challenges and compound existing vulnerabilities, further threatening the stability of these nations.

Key Takeaways

Niger, Mali, and Burkina Faso last Sunday announced plans to withdraw from ECOWAS due to dissatisfaction with sanctions imposed in response to recent coups in their respective countries. The leaders of these Sahel nations criticize the regional bloc, citing the organization's failure to provide adequate support in their ongoing struggles against terrorism and insecurity. The departure marks a rupture in the longstanding relationship between the junta-led West African states and the regional economic community.

ECOWAS
Mali
Niger
Burkina Faso
Regional Integration
Regional Trade

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved