The Alliance of Sahel States has launched a regional investment and development bank to fund infrastructure and economic projects across West Africa’s Sahel region.
The bloc, comprising Mali, Burkina Faso and Niger, aims to strengthen financial sovereignty amid shifting political and security alliances.
Burkina Faso’s Economy Minister Aboubakar Nacanabo announced the bank’s completion, revealing an initial capital base of $895 million agreed by member states.
The initiative, first unveiled in May, reflects a shared ambition to finance large-scale development independently and reshape the region’s economic future.