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-0.03 %The Alliance of Sahel States (AES), comprising Mali, Burkina Faso and Niger, established an investment and development bank on Wednesday to finance major infrastructure and economic initiatives across the region.
The Alliance of Sahel States (AES), comprising Mali, Burkina Faso and Niger, established an investment and development bank on Wednesday to finance major infrastructure and economic initiatives across the region.
Burkina Faso’s Economy, Finance and Planning Minister Aboubakar Nacanabo announced the completion of the establishment process with an initial capital of $895 million, following a meeting with finance ministers from the three countries.
The AES had unveiled plans in May 2025 to form a regional investment bank to support large-scale projects and strengthen financial independence.
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