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    Nigeria champions African-Arab Trade to boost agribusiness, industrial growth

    Nigeria champions African-Arab Trade to boost agribusiness, industrial growth

    South Africa, Mozambique sign energy cooperation deal

    South Africa, Mozambique sign energy cooperation deal

    Ghana sanitation minister resigns over alleged stashed cash

    Ghana’s inflation slows for 11th straight month in November

    Security chief detained in South Sudan

    Security chief detained in South Sudan

    Nigeria’s overnight lending rate falls 100 bps on excess liquidity, policy shift

    Nigeria tightens cash withdrawal limits to curb money-laundering risk

    Kenyan lawmakers identify ‘disturbing trend’ of misconduct by British troops

    Kenyan lawmakers identify ‘disturbing trend’ of misconduct by British troops

    Mali adopts new mining code to boost sector’s contribution to GDP

    Mali recovers $1.2 billion in arrears from miners, eyes annual windfall under new code

    Nigeria’s defence minister quits as government faces rising violence

    Nigeria’s defence minister quits as government faces rising violence

    Guinea-Bissau: Nigeria offers protection to opposition candidate Dias; Election commission says cannot conclude presidential election process

    Guinea-Bissau: Nigeria offers protection to opposition candidate Dias; Election commission says cannot conclude presidential election process

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    Global power shifts are playing out in the Red Sea region: why this is where the rules are changing

    Global power shifts are playing out in the Red Sea region: why this is where the rules are changing

    Understanding Trump’s Christian Genocide Claim and Military Threat: What It Means for Nigeria-U.S. Relations

    Understanding Trump’s Christian Genocide Claim and Military Threat: What It Means for Nigeria-U.S. Relations

    South Africa needs to rethink its community media policy – 4 ways to close the gaps

    South Africa needs to rethink its community media policy – 4 ways to close the gaps

    Cameroon’s Biya declared vote winner, opposition reports gunfire

    What do the recent 2025 elections in Cameroon and Ivory Coast reveal about their state of democracy?

    Ivory Coast president Ouattara’s party pushes him to run again

    Ivory Coast elections: Ouattara’s final rule or forever rule?

    Charting New Waters: Maritime Advancements and West Africa’s Development

    Charting New Waters: Maritime Advancements and West Africa’s Development

    The Critical Role of Gold in Tanzania’s Economic Growth

    The Critical Role of Gold in Tanzania’s Economic Growth

    Five Years After the Coup in Mali: Are Stability and Growth Within Reach?

    Five Years After the Coup in Mali: Are Stability and Growth Within Reach?

    Cameroon President Paul Biya marks 41 years in power

    Paul Biya at 92: will defections weaken his grip on absolute power in Cameroon?

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    One in three South Africans have never heard of AI: what this means for policy

    One in three South Africans have never heard of AI: what this means for policy

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Youth Empowerment Through Vocational Training in Rural Sub-Saharan Africa

    Youth Empowerment Through Vocational Training in Rural Sub-Saharan Africa

    Manufacturers in Ghana and Nigeria claim that although corruption damages businesses, digital technologies provide a chance to combat it

    Manufacturers in Ghana and Nigeria claim that although corruption damages businesses, digital technologies provide a chance to combat it

    Environmental Threats and Conservation Efforts in Namibia

    Environmental Threats and Conservation Efforts in Namibia

    Your teachers’ level of knowledge affects how well you perform in class: perspectives from 14 French-speaking African nations

    Your teachers’ level of knowledge affects how well you perform in class: perspectives from 14 French-speaking African nations

    Islamic Finance in Nigeria: Between Islamization and Shariah Non-Compliance Polemics

    Islamic Finance in Nigeria: Between Islamization and Shariah Non-Compliance Polemics

    What determines a return to civilian rule after military coups in Africa?

    What determines a return to civilian rule after military coups in Africa?

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    Robert Mugabe (1924 – 2019): Revolutionary and former President of Zimbabwe

    Robert Mugabe (1924 – 2019): Revolutionary and former President of Zimbabwe

    Idi Amin Dada (1928 – 2003): Military officer and former President of Uganda

    Idi Amin Dada (1928 – 2003): Military officer and former President of Uganda

    Albert John Luthuli (1898–1967): South African politician and first African Nobel Laureate

    Albert John Luthuli (1898–1967): South African politician and first African Nobel Laureate

    Shaka Zulu (1787-1828), founder of the Zulu empire in Southern Africa

    Shaka Zulu (1787-1828), founder of the Zulu empire in Southern Africa

    Chimamanda Ngozi Adichie, Nigerian writer

    Chimamanda Ngozi Adichie, Nigerian writer

    Olaudah Equiano (1745-1797), writer and abolitionist

    Olaudah Equiano (1745-1797), writer and abolitionist

    Ex-Credit Suisse chief executive Tidjane Thiam eyeing Ivory Coast 2025 presidential contest

    Tidjane Thiam, Ivorian businessman and politician

    François (Ngarta) Tombalbaye (1918-1975): First President of Chad

    François (Ngarta) Tombalbaye (1918-1975): First President of Chad

    Apollo Milton Obote (1925-2005): Former President of Uganda

    Apollo Milton Obote (1925-2005): Former President of Uganda

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    Zong Massacre

    Abomey, southern Benin

    Abomey, southern Benin

    Ifẹ̀, an ancient city in south-western Nigeria

    Ifẹ̀, an ancient city in south-western Nigeria

    Robben Island, South Africa

    Robben Island, South Africa

    Mount Kilimanjaro, Tanzania

    Mount Kilimanjaro, Tanzania

    Kumbi Saleh, the capital of the ancient Ghana Empire

    Kumbi Saleh, the capital of the ancient Ghana Empire

    Kano, an ancient city in northern Nigeria

    Kano, an ancient city in northern Nigeria

    Agadez, historic city in Niger

    Agadez, historic city in Niger

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Mali: Economic hardship worsens after four years of military rule

August 19, 2024
Mali: junta announces postponement of presidential election
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Four years after the military ousted Mali’s then-president and came to power, many residents say economic troubles are worsening and constant power cuts are hurting businesses.

The August 2020 coup in the troubled West African nation was set off by public anger with corrupt rulers backed by former colonial power France, a spreading jihadist insurgency and economic hardship. Many are still waiting for life to improve.

“The way they’ve handled the electricity situation is a problem. Many Malians are experiencing huge losses,” Oumar Diarra, a furniture maker, told Reuters. “The government has to make an effort because we are suffering enormously.”

The 2020 coup in Mali helped set off a wave of coups in the Sahel region south of the Sahara desert, including in neighbours Burkina Faso and Niger, which are fighting the same jihadist groups linked to al Qaeda and Islamic State.

The current military rulers in Mali, who seized power in a second coup in 2021, have reneged on a promise to hold elections in February, postponing the vote indefinitely for technical reasons.

Allasana Ag Agaly, a silversmith, said power cuts were affecting all households in Mali. “If the head of the family goes out in the morning and comes back at night without being able to work to bring something to his family, it will affect the children, the women and everyday life,” he said.

The World Bank says economic growth in Mali is expected to slow to 3.1% this year from 3.5% last year, with extreme poverty levels rising. About 90% of Mali’s population lives in poverty.

Read also

Nigeria champions African-Arab Trade to boost agribusiness, industrial growth

South Africa, Mozambique sign energy cooperation deal

Ghana’s inflation slows for 11th straight month in November

Mali’s military leaders, along with those in Niger and Burkina Faso, also kicked out French and U.N. troops that had been involved in fighting Islamist insurgents for a decade, and turned to Russia for help instead.

Some residents say they remain hopeful, and view the current hardship as the price for greater independence from France.

“Political independence without economic independence is meaningless,” said Alkady Haidara, a resident in the capital Bamako. “I just want Malians to be patient, because it’s part of life. You have to go through a difficult time to have a brighter moment.”

Source: Reuters
Tags: BamakoBurkina FasoEconomic hardshipFranceMaliNigerRussia

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