While the economic and financial sanctions against Mali were lifted by the Economic Community of West African States (ECOWAS), on July 3, traffic is slowly resuming on the Bamako-Dakar axis. Before the embargo, more than 300 heavy goods vehicles used this section daily towards Mali and, in the opposite direction, it was nearly 1,000 trucks which converged on the port of Dakar, the main access to the sea for Bamako. But the closing of the borders decided by all the heads of state of the sub-regional organization, in order to force the Malian transitional authorities to put in place a clear political timetable which allows a rapid return of civilians to power, halted trade between the two countries.
Mali: the political class relieved but cautious after the lifting of ECOWAS sanctions
Nearly 23% of Senegalese exports are destined for Mali. According to figures from the National Statistics and Demography Agency (ANSD), they were valued at more than 62 billion CFA francs (95 million euros) in January. But they have fallen by 30 to 60% over the month that followed the economic sanctions. In an interview at Young AfricaBaïdy Agne, president of the National Council of Senegalese Employers (CNP) also at the head of several companies – in port handling (Somicoa), airport (Smith & Kraft) and construction (Sinco) in particular -, welcomes the resumption of trade between the two countries but is concerned about the long-term repercussions of the sanctions on the financial health of Senegalese companies.
We, Senegalese private actors, have done everything to ensure that the sanctions are lifted
Capcov: On July 3, ECOWAS decided to lift the economic and financial sanctions issued against Mali, six months after their implementation. Was it time to reopen them borders?