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ECOWAS leaders to establish regional peacekeeping force in member states

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Leaders in the West African sub-region have resolved to establish a regional peacekeeping force to intervene in member states to help restore security and constitutional order.

The leaders on Sunday said they want to nip the security crisis in the region bud which has witnessed several coups in the past two years.

“The leaders of ECOWAS have decided to recalibrate our security architecture to ensure that we take care of our own security in the region,” the leaders said in a communique after an annual summit in Nigeria’s capital Abuja.

“The leaders are determined to establish a regional force that will intervene in the event of need, whether in the area of security, terrorism (or to) … restore constitutional order in member countries.”

ECOWAS leaders “reserve the right and they have taken the decision to take certain measures but they would appeal and call on the authorities of Mali to release the soldiers.”

The subregion has witnessed military interregnums with coups Mali, Guinea, and Burkina Faso and the Economic Commission for West African States (ECOWAS) wants to do more to boost constitutional government in its member states.

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South Sudan’s finance minister Bak Barnaba Chol fired

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President Salva Kiir of South Sudan has dismissed Bak Barnaba Chol, the Minister of Finance and Planning, and appointed engineer Daniel Daniel Chuong in his place.

 

Kiir removed the Finance Minister without providing a reason in a presidential decree that was published in South Sudan’s capital, Juba.

 

Before his appointment, the new finance minister was the petroleum ministry’s technical adviser and the previous minister of petroleum.

 

The country’s local currency, the South Sudanese pound (SSP), was depreciating at the same time as the changes were implemented, causing hyperinflation.

 

Three months ago, the SSP was worth 1,100 units against the US dollar; three months later, it was worth a record low of 1,800 units.

 

To secure hard currency and stabilize the economy, the nation is currently struggling to raise daily oil production from the current 150,000 barrels per day to 175,000 barrels per day.

 

South Sudan is currently in a dangerous situation. UN reports state that local violence between different armed groups and factions is on the rise.

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Senegal: opposition figure Sonko promises new national currency if party wins election

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Controversial Senegalese opposition leader, Ousmane Sonko, said the country would consider the implementation of
reform of the West Africa region’s CFA franc currency at a regional level first, and if that failed, would consider creating a national currency, if his preferred candidate, Bassirou Diomaye Faye, wins the next presidential election.

Faye is one of the main candidates in Senegal’s March 24 presidential election. He is backed by the popular firebrand Sonko, who was disqualified from the race over a defamation conviction.

Sonko made the promise while speaking at a joint press conference with Faye, shortly after both politicians were released from jail.

It appeared the comment was aimed at easing concerns after their election campaign, which promised to introduce the new currency if Faye won.

“We will try to implement a monetary reform at the sub-regional level first,” Sonko said. “If that fails, we will decide as a nation.”

Sonko alleged that the CFA franc currency, which is pegged to the euro and used by eight countries of the West Africa Monetary Union, affects economic development in the region, and the time is right to explore more options.

“There’s no sovereignty if there is no monetary sovereignty,” said Faye, speaking at the same press conference.

To be declared the winner in a presidential poll, a candidate must secure the signatures of 0.8% to 1% of the voting public. At least 2,000 sponsors must be secured for each of Senegal’s fourteen regions, where a minimum of seven signatures are required.

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