ECOWAS President Siriro Diomaye Faye has announced plans to strengthen the organization's collective security frameworks and mechanisms to address the growing threat of terrorism in the region. Faye made the statement during the 8th bi-annual coordination meeting between the African Union and regional economic communities in Egypt. As the current chair of ECOWAS, Faye emphasized the need for a robust collective security approach to tackle the menace.
Faye also stressed the importance of continued dialogue with countries in the Sahel region, which have formed an alliance to counter terrorism and other security challenges. He noted that ECOWAS must maintain strong ties with these countries to preserve the gains made in regional integration and ensure the free movement of people, goods, and services. The ECOWAS president highlighted the need for a coordinated approach to address the root causes of terrorism.
During the meeting, Faye called for the African Continental Free Trade Area (AfCFTA) to be made more beneficial to African economies. He suggested that this could be achieved through local processing and manufacturing of resources, as well as the development of logistics infrastructure to connect different markets across the continent. Faye emphasized that ECOWAS is committed to making AfCFTA a success.
ECOWAS is set to launch several key projects, including a single currency, "ECO," which is expected to be introduced in 2027. The organization is also working on a biometric identity card that will facilitate the free movement of citizens within the region. Faye noted that the project is progressing well and will enhance regional integration.
The ECOWAS president also reported on progress made in the region's energy sector, particularly in the integration of electricity networks. He stated that 14 countries have made significant progress in linking their electricity grids, which will improve energy security and access.
Faye was elected as the president of ECOWAS in July, succeeding Julius Maada Bio of Sierra Leone. He has been tasked with leading the organization in addressing the region's security, economic, and social challenges. The Senegalese leader has vowed to work closely with member states to achieve these goals.
The appointment of General Birame Diop as the new head of ECOWAS Commission for 2026-2030 is also seen as a significant development. Diop, a Senegalese general, will work closely with Faye to implement the organization's agenda and address the region's challenges. ECOWAS comprises 15 member states and aims to promote economic integration, stability, and security in West Africa.
Key points
- ECOWAS to introduce a single currency, "ECO," in 2027.
