Analytical Report “Energy and Raw Material Markets of the Global South” (September 2024) The Sahel is a vast landlocked savannah region in Africa that forms a transition between the Sahara in the north and the more fertile lands in the south. The Alliance of Sahel States was formed in West Africa on September 17, 2023,. On July 6, 2024, the leaders of Mali, Niger, and Burkina Faso signed an agreement to establish the Confederation of Sahel States. In addition to the task of closely coordinating defense, security, and military-technical cooperation policies, which essentially underlies the new association, the leaders of the three countries agreed in principle to strengthen economic cooperation and integration within the Confederation. The combined GDP of the Alliance (Confederation) countries is about $60 billion, which is close to the top ten African economies. In terms of area, the Confederation is the largest territory on the continent, occupying more than 9%. As a result of the unification, the Confederation will dominate the African continent in terms of gold production and supply, with the prospect of further expansion of this industry, since Mali and Burkina Faso are among the top three largest gold producers on the African continent, second only to Ghana, while Niger is in 11th place. Read more about the resource potential of the Alliance (Confederation) in the Review.

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