13 C
New York
Wednesday, April 21, 2021

West African mediators jet to Mali seeking reversal of coup

Must read

Earnings put floor under European stocks, COVID cases in Asia eyed

LONDON: Global stocks gained on Wednesday as early indications of a rebound in European corporate earnings offset concerns over rising COVID-19 infections in Asia...

Auto retailer Lithia Motors quarterly profit more than triples

Sign In/Free Sign Up 0 Stock Markets8 minutes ago (Apr 21, 2021 05:35AM ET) (C) Reuters. (Reuters) - Lithia Motors (NYSE:LAD) Inc posted a...

UAE Adopts Blockchain Tech for Its Judicial Notary Services

Cryptocurrency12 minutes ago (Apr 21, 2021 05:30AM ET) UAE Adopts Blockchain Tech for Its Judicial Notary Services UAE has adopted blockchain technology in its judicial notary...

Binance to list FC Barcelona Fan Token in Innovation Zone

Cryptocurrency12 minutes ago (Apr 21, 2021 05:30AM ET) Binance to list FC Barcelona Fan Token in Innovation Zone Binance has announced that it will list FC...
imageWorld1 hour ago (Aug 22, 2020 08:40AM ET)

(C) Reuters. FILE PHOTO: West African leaders meet to discuss Mali military coup

BAMAKO/LONDON (Reuters) – Mediators from West Africa’s regional bloc are due in Mali on Saturday for talks aimed at reversing a coup that has been condemned abroad, but celebrated by many in a country battling an Islamist insurgency and simmering political unrest.

Leaders from the 15-nation Economic Community of West African States (ECOWAS) have taken a particularly hard line on Tuesday’s ouster of President Ibrahim Boubacar Keita. They quickly shut borders and ended financial flows – a move diplomats said was as much about dissuading opponents at home as stabilising Mali.

“They cannot tolerate this taking place. They are taking it very personally. It is on their doorstep and they think they are next,” one regional diplomat said of the West African leaders.

The presidents of Ivory Coast and Guinea are among those pushing for a tough response, another diplomat said, as both have faced violent public protests to their third-term bids and want the bloc to show it will not tolerate power grabs in its own backyard.

All eyes are on the visit by an ECOWAS delegation led by Nigeria’s former President Goodluck Jonathan, which is expected to arrive in Mali later on Saturday, according to his spokesman.

The ouster of Keita, known as IBK, has been welcomed by many in Mali, which was rocked by months of protests calling for his resignation over alleged corruption and worsening security in areas where affiliates of al Qaeda and Islamic State are active.

“Reinstating IBK is out of the question. The only thing they can achieve is the transition. Under the rules of ECOWAS, ECOWAS should midwife the transition,” the second diplomat said, referring to the outcome of the delegation’s talks.

A junta of military officers has controlled the country since Tuesday, when the mutineers detained Keita at gunpoint and forced him to resign. They have promised to oversee a transition to elections and a spokesman has said they are open to talks with ECOWAS.

On Friday, thousands of the coup’s supporters gathered in a central square in Bamako, the capital, to celebrate the takeover. There is no outward sign ECOWAS’s suspension of financial relations is yet being felt.

West African mediators jet to Mali seeking reversal of coup

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

Earnings put floor under European stocks, COVID cases in Asia eyed

LONDON: Global stocks gained on Wednesday as early indications of a rebound in European corporate earnings offset concerns over rising COVID-19 infections in Asia...

Auto retailer Lithia Motors quarterly profit more than triples

Sign In/Free Sign Up 0 Stock Markets8 minutes ago (Apr 21, 2021 05:35AM ET) (C) Reuters. (Reuters) - Lithia Motors (NYSE:LAD) Inc posted a...

UAE Adopts Blockchain Tech for Its Judicial Notary Services

Cryptocurrency12 minutes ago (Apr 21, 2021 05:30AM ET) UAE Adopts Blockchain Tech for Its Judicial Notary Services UAE has adopted blockchain technology in its judicial notary...

Binance to list FC Barcelona Fan Token in Innovation Zone

Cryptocurrency12 minutes ago (Apr 21, 2021 05:30AM ET) Binance to list FC Barcelona Fan Token in Innovation Zone Binance has announced that it will list FC...

Virgin Atlantic sees full fleet flying by October, November: CEO

Stock Markets12 minutes ago (Apr 21, 2021 05:30AM ET) (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London LONDON (Reuters) - Virgin...