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Malians suffer economic hardship after four years of military rule

Published 08/18/2024, 04:03 AM
Updated 08/18/2024, 09:20 AM
© Reuters. A fruit vendor prays on the side of a street in Bamako, Mali, April 11, 2016. REUTERS/Joe Penney/File Photo

(Reuters) - Four years after the military ousted Mali’s then-president and came to power, many residents say economic troubles are worsening and constant power cuts are hurting businesses.

The August 2020 coup in the troubled West African nation was set off by public anger with corrupt rulers backed by former colonial power France, a spreading jihadist insurgency and economic hardship. Many are still waiting for life to improve.

"The way they've handled the electricity situation is a problem. Many Malians are experiencing huge losses," Oumar Diarra, a furniture maker, told Reuters. "The government has to make an effort because we are suffering enormously."

The 2020 coup in Mali helped set off a wave of coups in the Sahel region south of the Sahara desert, including in neighbours Burkina Faso and Niger, which are fighting the same jihadist groups linked to al Qaeda and Islamic State.

The current military rulers in Mali, who seized power in a second coup in 2021, have reneged on a promise to hold elections in February, postponing the vote indefinitely for technical reasons.

Allasana Ag Agaly, a silversmith, said power cuts were affecting all households in Mali. “If the head of the family goes out in the morning and comes back at night without being able to work to bring something to his family, it will affect the children, the women and everyday life,” he said.

The World Bank says economic growth in Mali is expected to slow to 3.1% this year from 3.5% last year, with extreme poverty levels rising. About 90% of Mali's population lives in poverty.

Mali’s military leaders, along with those in Niger and Burkina Faso, also kicked out French and U.N. troops that had been involved in fighting Islamist insurgents for a decade, and turned to Russia for help instead.

© Reuters. A fruit vendor prays on the side of a street in Bamako, Mali, April 11, 2016. REUTERS/Joe Penney/File Photo

Some residents say they remain hopeful, and view the current hardship as the price for greater independence from France.

“Political independence without economic independence is meaningless,” said Alkady Haidara, a resident in the capital Bamako. “I just want Malians to be patient, because it's part of life. You have to go through a difficult time to have a brighter moment.”

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