International
ECOWAS Intensifies Efforts On Regional Single Currency
The Economies of West African States (ECOWAS) has intensified efforts on practical arrangements for the launch of the single currency, ECO for the region following consensus reached in the implementation of the directives issued at its 65th Ordinary Session.
This was revealed in a communiqué issued at the end of the 66th ordinary session of the authority of the head of state and government meeting held in Abuja on Sunday.
The ECOWAS bloc of 15 countries had previously planned to launch the currency in 2020, but the coronavirus pandemic caused delays.
The new launch date is 2027.
The Authority said it adopted the criteria proposed by the High-Level Committee for the selection of candidate Member States for the launch of ECO or those which would join at a later stage.
It instructed the Commission, in collaboration with the West African Monetary Agency (WAMA), to ensure that these criteria are incorporated into the protocol establishing the ECOWAS Monetary Union Agreement.
The Authority also endorses the proposals of the High-LevelCommittee on the costs, sources and modalities for financing the implementation of the reforms and institutions needed to launch the ECO.
It urged the central banks and member states to take the necessary measures for the payment of their financial contributions for the operationalisation of these institutions as soon as the decision on the effective date for the launch of the ECOWAS single currency is taken.
The Heads of State also urged the High-Level Committee, in collaboration with the ECOWAS Commission, to intensify its efforts to ensure that the deadlines set for the establishment and operationalisation of the institutions needed to launch the ECO are met.
The body said it welcomed the results achieved in the implementation of the ECOWAS Agricultural Policy (ECOWAP) within the framework of food security and nutrition.
Considering the critical role of agriculture in the socio-economic development of ECOWAS member states, the Authority directed the commission to ensure a swift implementation of the regional strategy for the Development of Livestock Farming and the Security of Pastoral Systems; the Regional Rice Self-sufficiency Initiative and its road map 2025-2035; and domesticate the Comprehensive African Agriculture Development Programme (CAADP) Action Plan 2026-2035.
The Authority also welcomed the strengthening of cooperation with technical and financial partners and urged member states to work together with community institutions towards the achievement of these initiatives for food security and nutrition in the region.
The ECOWAS currency is intended to:
Improve trade
A single currency could lower trade costs and improve intraregional trade, which is currently hindered by the use of different national currencies that are not convertible within ECOWAS.
· Boost economic prosperityA single currency could boost the economic well-being and prosperity of ECOWAS countries.
Some say that the transition to a single currency will involve a short period where both the national currencies and the common currency circulate side by side.
Others suggest that the first phase of implementation should involve two distinct ECO zones, where countries peg their national currency to the ECO.
International
South Africa kicks out Israel’s ambassador Ariel Seidman
The South African foreign ministry accused Ariel Seidman of “unacceptable violations of diplomatic norms and practice which pose a direct challenge to South Africa’s sovereignty.”
•Cyril Ramaphosa, South African President
The South African government on Friday declared Mr Ariel Seidman, the chargé d’affaires of the Israeli Embassy, unwelcome and ordered him out of the country within 72 hours, for what it called repeated violations of diplomatic norms, including insulting President Cyril Ramaphosa.
The South African foreign ministry accused Ariel Seidman of “unacceptable violations of diplomatic norms and practice which pose a direct challenge to South Africa’s sovereignty”.
“These violations include the repeated use of official Israeli social media platforms to launch insulting attacks” on Ramaphosa, as well as a “deliberate failure” to notify the South African authorities about visits by senior Israeli officials.
Diplomatic relations between South Africa and Israel have been strained since South Africa brought a genocide case over Israel’s actions in Gaza at the International Court of Justice. Israel has rejected the case as baseless.
South African lawmakers in 2023 voted in favour of closing down the Israeli embassy in Pretoria and suspending all diplomatic relations over the war in Gaza, but that decision was never implemented.
International
Burkina Faso military government dissolves political parties
Burkina Faso’s Interior Minister Emile Zerbo said the decision was part of a broader effort to “rebuild the state” after what he said were widespread abuses and dysfunction in the country’s multiparty system.
•Photo: Heads of state of Mali’s Assimi Goita, Burkina Faso’s Captain Ibrahim Traore and Niger’s General Abdourahamane Tiani walk together during the first ordinary summit of heads of state and governments of the Alliance of Sahel States (AES) in Niamey, Niger July 6, 2024. REUTERS/Mahamadou Hamidou.
Burkina Faso’s military-led government has dissolved all political parties and scrapped the legal framework governing their operations.
The decree was approved by the government ‘s council of ministers on Thursday.
The decision by the military rulers who seized power in September 2022 is the latest move to tighten control following the suspension of political activities after the coup.
Burkina Faso’s Interior Minister Emile Zerbo said the decision was part of a broader effort to “rebuild the state” after what he said were widespread abuses and dysfunction in the country’s multiparty system.
He said a government review found that the multiplication of political parties had fuelled divisions and weakened social cohesion.
Before the coup, the country had over 100 registered political parties, with 15 represented in parliament after the 2020 general election.
International
Colombian plane crash kills lawmaker, 14 others
The Cúcuta region is known for its rugged terrain, unpredictable weather conditions and areas controlled by Colombia’s largest guerrilla group, the National Liberation Army.
A twin-propeller aircraft carrying 15 people, including a Colombian lawmaker, Diogenes Quintero, crashed in a mountainous region near the Venezuelan border on January 28.
AFP reported that the aircraft departed from the border city of Cúcuta and lost contact with air traffic control shortly before it was scheduled to land in the nearby town of Ocaña at about 5:00 p.m. GMT.
“There are no survivors,” an official of the aviation authority told AFP. The plane was carrying 13 passengers and two crew members.
The Cúcuta region is known for its rugged terrain, unpredictable weather conditions and areas controlled by Colombia’s largest guerrilla group, the National Liberation Army.
In a separate report, NDTV disclosed that the government deployed the Colombian Air Force to locate the aircraft and recover the bodies.
Local parliamentarian Wilmer Carrillo expressed concern over the incident, saying, “We have received with concern the information about the air accident in which my colleague, Diogenes Quintero, Carlos Salcedo and their teams were travelling.”
Quintero is a member of Colombia’s Chamber of Deputies, while Salcedo is a candidate in the upcoming elections. The crash adds to a history of fatal aviation accidents involving prominent figures in Colombia.
In January 2025, a private plane crashed in central-eastern Colombia, killing all six people on board, including singer Yeison Jiménez.
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