Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Mali's former coup chief takes power after military arrests president

Published 05/25/2021, 04:24 AM
Updated 05/25/2021, 04:59 PM
© Reuters. FILE PHOTO: The new interim president of Mali Bah Ndaw is sworn in during the Inauguration ceremony in Bamako, Mali September 25, 2020. REUTERS/Amadou Keita

By Paul Lorgerie and Tiemoko Diallo

BAMAKO (Reuters) -International pressure increased on Mali's military leaders to free the president and prime minister on Tuesday, a day after their arrest deepened a political crisis and threatened to derail a transition to democratic elections.

President Bah Ndaw and Prime Minister Moctar Ouane have been detained at a military base outside the capital Bamako since Monday evening. French President Emmanuel Macron condemned what he said was a "coup within a coup" and raised the threat of targeted sanctions.

The two men were in charge of a transitional government created after a military takeover in August that ousted President Ibrahim Boubacar Keita. They were tasked with overseeing a return to democratic elections next year.

The U.N. Security Council is due to privately discuss the latest developments in Mali on Wednesday, diplomats said.

Interim vice president Colonel Assimi Goita said on Tuesday he had seized power because the president and prime minister had failed to consult him about a government reshuffle in which two former coup leaders lost their cabinet positions. Goita orchestrated the August coup before being appointed vice president of a civilian-military transition.

France, a former colonial power and military ally to Mali, joined the United States, the European Union and others in condemning the detention and called for their immediate release.

"We are prepared to take in the coming hours targeted sanctions against those taking part," Macron told reporters at the end of an EU summit.

The situation could exacerbate instability in the West African country, where Islamist groups linked to al Qaeda and Islamic State control large areas of the north and centre and stage frequent attacks on the army and civilians.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Political instability and military infighting have complicated efforts by Western powers and neighbouring countries to help Mali, and jihadists have been able to use the country as a launchpad for attacks across the region.

In a statement read by an aide on national television, Goita said elections next year to restore an elected government would go ahead as planned.

"The vice president of the transition saw himself obligated to act to preserve the transitional charter and defend the republic," the statement said.

THREAT OF SANCTIONS

Mali has been in turmoil since 2012 when the army, frustrated over the government's handling of a rebellion, ousted president Amadou Toumani Toure. Separatist and Islamist rebels took advantage and seized the north of the country.

French forces drove back the Islamists in 2013 but they have regrouped and expanded their reach to neighbouring Burkina Faso and Niger.

Worried about the fallout from Monday's detentions, the United Nations, European Union, United States and regional countries have all demanded the release of the leaders.

"Sanctions will be adopted against those who stand in the way of the transition," Josep Borrell, the EU's foreign affairs chief, said on Twitter.

A delegation from the Economic Community of West African States (ECOWAS) arrived in Mali on Monday to help resolve the dispute. ECOWAS played a key role in the formation of the interim government after the August coup.

The problems in Mali are part of a recent democratic backslide in West and Central Africa, where strong military factions have taken control or presidents have extended their rule beyond their allotted mandates.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Last month a military council seized power in Chad after the battlefield death of president Idriss Deby. His son, Mahamat Idriss Deby, now runs the country and has promised a transition to civilian rule similar to Mali's. The opposition and civil society say the military holds too much power and fear Deby will not relinquish control.

J. Peter Pham, former U.S. special envoy for the Sahel, now with the Atlantic Council, said Deby and others will be watching Mali carefully and if they see the post-coup agreement is not adhered to, there will be little incentive for soldiers who seize power elsewhere to give it up.

"There will be repercussions not just for Mali but for the region," he said.

A Western official said that the example being set in Mali could complicate negotiations with the military rulers in Chad.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.