IBOV 168,334 ▲ 0.03% IPSA 10,888 ▲ 0.47% IPC MEX 67,705 ▼ 0.82% MERVAL 3,291,322 ▼ 1.26% COLCAP 2,502.96 ▲ 4.02% BVL PERÚ 57,309.08 ▲ 1.03% USD/BRL5.15▼ 0.01% USD/MXN17.31▼ 0.01% USD/CLP903.15▲ 0.19% USD/COP3,437▲ 0.02% USD/PEN3.38▼ 0.01% USD/ARS 1,463 — 0.00% USD/UYU39.97▲ 0.72% USD/PYG6,069▲ 1.51% USD/BOB6.86▲ 1.80% USD/DOP58.33▲ 0.14% USD/CRC450.55▲ 2.15% USD/GTQ7.62▲ 2.27% USD/HNL26.67▲ 1.34% USD/NIO 36.62 — 0.00% USD/VES610.90▲ 4.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 0.41% USD/TTD6.70▲ 0.56% EUR/BRL5.91▲ 0.28% BRENT 80.59 ▲ 0.93% WTI 76.54 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.59% GOLD 4,173 ▼ 1.21% SILVER 64.91 ▼ 2.03% SOY 1,142 ▲ 0.88% CORN 444.25 ▲ 5.52% WHEAT 613.25 ▲ 0.08% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 0.64% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 217.40 ▼ 0.87% CEMEX 21.52 ▼ 3.15% GFNORTE 189.48 ▼ 1.07% BIMBO 58.92 ▲ 3.33% TELEVISA 10.05 ▼ 4.19% AMX 23.61 ▲ 2.74% GAP 436.88 ▼ 0.71% ASUR 308.21 ▲ 2.26% OMA 238.13 ▼ 3.57% KOF 181.26 ▼ 4.57% GRUMA 287.07 ▼ 0.56% KIMBER 38.37 ▲ 3.84% SQM-B 73,200 ▲ 1.74% COPEC 5,860 ▼ 0.02% BSANTANDER 74.00 ▲ 0.41% FALABELLA 6,065 ▼ 0.56% ENELAM 82.51 ▲ 9.58% CENCOSUD 2,116 ▼ 2.06% CMPC 1,041 ▼ 1.32% BANCO CHILE 180.01 ▼ 1.35% LATAM AIR 25.25 ▲ 0.52% YPF 76,425 ▲ 0.39% GGAL 8,260 ▼ 2.82% PAMPA 5,190 ▼ 0.57% TXAR 674.50 ▼ 0.88% ALUAR 1,000 ▼ 0.99% TGS 9,730 ▲ 2.21% CEPU 2,393 ▲ 1.36% MIRGOR 16,850 ▲ 0.15% COME 45.48 ▼ 0.70% LOMA NEGRA 3,550 ▼ 0.91% BYMA 318.00 ▼ 2.00% TELECOM ARG 4,165 ▼ 0.77% ECOPETROL 16.58 ▲ 5.81% BANCOLOMBIA 81.45 ▲ 1.89% GRUPO AVAL 5.75 ▲ 3.05% CREDICORP 382.76 ▼ 1.08% SOUTHERN COPPER 192.93 ▲ 0.65% BUENAVENTURA 32.58 ▼ 4.85% MERCADOLIBRE 1,635 ▲ 0.20% NUBANK 12.71 ▼ 1.40% XP 15.30 ▼ 0.78% PAGSEGURO 8.82 ▼ 1.01% STONE 10.59 ▼ 1.67% GLOBANT 30.74 ▼ 11.18% TECNOGLASS 45.97 ▲ 1.86% GAP AIRPORT 254.31 ▲ 2.30% ASUR 308.21 ▲ 2.26% OMA AIRPORT 114.00 ▲ 2.21% AMX ADR 26.46 ▲ 0.04% FEMSA ADR 126.47 ▲ 0.72% CEMEX ADR 12.73 ▲ 1.03% PETROBRAS ADR 16.75 ▼ 0.24% VALE ADR 15.42 ▼ 0.71% ITAU ADR 7.79 ▼ 2.26% SANTANDER BR 5.20 ▼ 3.17% AMBEV ADR 3.12 ▼ 0.64% CSN 1.03 ▼ 8.04% GERDAU 4.17 ▼ 7.13% LATAM ADR 55.85 ▲ 2.40% BTC 64,168 ▼ 0.11% ETH 1,729 ▼ 0.61% SOL 73.97 ▲ 1.09% XRP 1.15 ▼ 0.01% BNB 588.91 ▲ 0.22% ADA 0.16 ▼ 0.60% DOGE 0.08 ▼ 0.27% AVAX 6.32 ▲ 1.39% LINK 7.98 ▼ 0.01% DOT 0.97 ▲ 0.20% LTC 45.97 ▲ 3.33% BCH 199.61 ▼ 0.09% TRX 0.33 ▲ 0.04% XLM 0.22 ▼ 0.12% HBAR 0.08 ▼ 0.54% NEAR 2.20 ▲ 0.49% ATOM 1.77 ▼ 1.73% AAVE 75.07 ▼ 1.32% SELIC 14.25% EMBRAER 79.20 ▲ 0.41% EMBRAER ADR 60.70 ▼ 0.99% JBS 11.93 ▼ 2.37% JBS BDR 59.52 ▼ 3.72% MBRF3 15.28 ▼ 1.10% MBRFY 2.96 — 0.00% INTER 5.44 ▼ 2.16% IBOV 168,334 ▲ 0.03% IPSA 10,888 ▲ 0.47% IPC MEX 67,705 ▼ 0.82% MERVAL 3,291,322 ▼ 1.26% COLCAP 2,502.96 ▲ 4.02% BVL PERÚ 57,309.08 ▲ 1.03% USD/BRL 5.15 ▼ 0.01% USD/MXN 17.31 ▼ 0.01% USD/CLP 903.15 ▲ 0.19% USD/COP 3,437 ▲ 0.02% USD/PEN 3.38 ▼ 0.01% USD/ARS 1,463 — 0.00% USD/UYU 39.97 ▲ 0.72% USD/PYG 6,069 ▲ 1.51% USD/BOB 6.86 ▲ 1.80% USD/DOP 58.33 ▲ 0.14% USD/CRC 450.55 ▲ 2.15% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.67 ▲ 1.34% USD/NIO 36.62 — 0.00% USD/VES 610.90 ▲ 4.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 0.41% USD/TTD 6.70 ▲ 0.56% EUR/BRL 5.91 ▲ 0.28% BRENT 80.59 ▲ 0.93% WTI 76.54 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.59% GOLD 4,173 ▼ 1.21% SILVER 64.91 ▼ 2.03% SOY 1,142 ▲ 0.88% CORN 444.25 ▲ 5.52% WHEAT 613.25 ▲ 0.08% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 0.64% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 217.40 ▼ 0.87% CEMEX 21.52 ▼ 3.15% GFNORTE 189.48 ▼ 1.07% BIMBO 58.92 ▲ 3.33% TELEVISA 10.05 ▼ 4.19% AMX 23.61 ▲ 2.74% GAP 436.88 ▼ 0.71% ASUR 308.21 ▲ 2.26% OMA 238.13 ▼ 3.57% KOF 181.26 ▼ 4.57% GRUMA 287.07 ▼ 0.56% KIMBER 38.37 ▲ 3.84% SQM-B 73,200 ▲ 1.74% COPEC 5,860 ▼ 0.02% BSANTANDER 74.00 ▲ 0.41% FALABELLA 6,065 ▼ 0.56% ENELAM 82.51 ▲ 9.58% CENCOSUD 2,116 ▼ 2.06% CMPC 1,041 ▼ 1.32% BANCO CHILE 180.01 ▼ 1.35% LATAM AIR 25.25 ▲ 0.52% YPF 76,425 ▲ 0.39% GGAL 8,260 ▼ 2.82% PAMPA 5,190 ▼ 0.57% TXAR 674.50 ▼ 0.88% ALUAR 1,000 ▼ 0.99% TGS 9,730 ▲ 2.21% CEPU 2,393 ▲ 1.36% MIRGOR 16,850 ▲ 0.15% COME 45.48 ▼ 0.70% LOMA NEGRA 3,550 ▼ 0.91% BYMA 318.00 ▼ 2.00% TELECOM ARG 4,165 ▼ 0.77% ECOPETROL 16.58 ▲ 5.81% BANCOLOMBIA 81.45 ▲ 1.89% GRUPO AVAL 5.75 ▲ 3.05% CREDICORP 382.76 ▼ 1.08% SOUTHERN COPPER 192.93 ▲ 0.65% BUENAVENTURA 32.58 ▼ 4.85% MERCADOLIBRE 1,635 ▲ 0.20% NUBANK 12.71 ▼ 1.40% XP 15.30 ▼ 0.78% PAGSEGURO 8.82 ▼ 1.01% STONE 10.59 ▼ 1.67% GLOBANT 30.74 ▼ 11.18% TECNOGLASS 45.97 ▲ 1.86% GAP AIRPORT 254.31 ▲ 2.30% ASUR 308.21 ▲ 2.26% OMA AIRPORT 114.00 ▲ 2.21% AMX ADR 26.46 ▲ 0.04% FEMSA ADR 126.47 ▲ 0.72% CEMEX ADR 12.73 ▲ 1.03% PETROBRAS ADR 16.75 ▼ 0.24% VALE ADR 15.42 ▼ 0.71% ITAU ADR 7.79 ▼ 2.26% SANTANDER BR 5.20 ▼ 3.17% AMBEV ADR 3.12 ▼ 0.64% CSN 1.03 ▼ 8.04% GERDAU 4.17 ▼ 7.13% LATAM ADR 55.85 ▲ 2.40% BTC 64,168 ▼ 0.11% ETH 1,729 ▼ 0.61% SOL 73.97 ▲ 1.09% XRP 1.15 ▼ 0.01% BNB 588.91 ▲ 0.22% ADA 0.16 ▼ 0.60% DOGE 0.08 ▼ 0.27% AVAX 6.32 ▲ 1.39% LINK 7.98 ▼ 0.01% DOT 0.97 ▲ 0.20% LTC 45.97 ▲ 3.33% BCH 199.61 ▼ 0.09% TRX 0.33 ▲ 0.04% XLM 0.22 ▼ 0.12% HBAR 0.08 ▼ 0.54% NEAR 2.20 ▲ 0.49% ATOM 1.77 ▼ 1.73% AAVE 75.07 ▼ 1.32% SELIC 14.25% EMBRAER 79.20 ▲ 0.41% EMBRAER ADR 60.70 ▼ 0.99% JBS 11.93 ▼ 2.37% JBS BDR 59.52 ▼ 3.72% MBRF3 15.28 ▼ 1.10% MBRFY 2.96 — 0.00% INTER 5.44 ▼ 2.16%
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Sunday, June 21, 2026

Sahel States Chart New Course as ECOWAS Exit Looms

By · January 28, 2025 · 2 min read

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Thousands gathered across Niger, Burkina Faso, and Mali on Tuesday, January 28, 2025. They celebrated their nations’ imminent withdrawal from the Economic Community of West African States (ECOWAS).

The departure takes effect on Wednesday, January 29, marking a significant shift in West African geopolitics. The three military-led countries announced their intention to leave ECOWAS in January 2024.

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They cited the organization’s alleged dependence on France as a primary reason for their exit. This move has fractured the regional bloc and cast uncertainty over its future.

Niger, Burkina Faso, and Mali have formed the Alliance of Sahel States (AES) in response. This new confederation aims to strengthen their sovereignty and coordinate efforts against terrorism. The AES has already taken steps towards greater integration and self-reliance.

One key initiative is the creation of a 5,000-strong joint military force. This force will soon be operational to tackle security challenges across the central Sahel region. It will be equipped with air, land, and intelligence resources to combat regional threats effectively.

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The AES has introduced economic measures to boost regional cooperation. These include proposals for a common central bank and a new currency to replace the CFA franc.

The alliance has also abolished roaming charges for telephone communications between member states. A joint biometric passport for AES citizens has been introduced.

However, it faces obstacles, with some neighboring countries refusing to recognize it. This development raises questions about the viability of the new travel document.

ECOWAS’ Struggle and the Rise of AES

ECOWAS has made last-ditch efforts to prevent the withdrawal. The bloc provided a six-month grace period until July 29, 2025. During this time, ECOWAS hopes to convince the three nations to reconsider their decision.

However, AES leaders have repeatedly stated that their choice to leave is irreversible. The withdrawal of these founding members will significantly impact ECOWAS.

The bloc will lose 76 million people from its total population of 446 million. It will also lose more than half of its geographical territory. This geopolitical shift reflects growing frustration with external influences in the region.

The AES countries now favor partnerships with nations like Russia, Turkey, and Iran over traditional Western allies. This realignment could have far-reaching consequences for regional stability and international relations.

The success of the AES will depend on its ability to address internal challenges and counter insurgencies. Securing national borders remains a top priority, as many regions are still under rebel occupation.

In short, the alliance’s future may hinge on attracting new members and resources. As the Sahel region enters this new era, the world watches closely.

The AES represents both a challenge to established regional structures and an experiment in self-determination. Only time will tell if this bold move will lead to greater stability and prosperity for the people of the Sahel.

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