The new currency and debt

Mali's public debt stood at 51.7% of GDP at the end of 2024, with a decrease in the share of external debt compared to the previous year.

Its share of total debt has increased, now representing approximately 53.2% of total public debt. The average interest cost for domestic debt is much higher (6.1%) than for external debt (0.6%), increasing debt servicing costs.

The share of external debt decreased to 46.8% at the end of 2024.

The increase in domestic debt, which is more expensive in terms of interest, has a significant impact on the debt service burden.

The exit of the AES countries from the CFA franc is closer than ever, with the payment of the external debt of Mali and Burkina Faso and now we are waiting for Niger's turn.

Last February, according to Oil Minister Sahabi Oumarou, the country will generate 204 billion CFA francs in oil revenues in 2024, compared to 64.1 billion CFA francs in 2020.

Niger's oil production has increased fivefold, from 20,000 barrels per day to 100,000 barrels per day.

And this has generated direct jobs for 409 Nigeriens at the China National Petroleum Corporation (CNPC), 442 at the Société Raffinage of Zinder (SORAZ), and 85 at the West African Oil Pipeline Company SA (WAPCO). And that's not even mentioning indirect and other jobs.

Niger is finally positioning itself as an oil producing and exporting country, thanks to this progress in the development of its oil sector.

Basically, since the break with France, Niger's fortunes are skyrocketing. Even though it hasn't even been five years since France was ousted.

What's blocking Africa's development, our real obstacle, is France's presence and interference in our affairs. But the problem isn't France. The problem is the African himself. Where one patriot refuses to betray his country, there will be three others ready to do so for petty interests.

The latter is what we're fighting against. And it won't last long.

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