Burkina Faso Leader Removed in Counter-Coup Over Insecurity [Business News Network (BNN) (Canada)]
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Source: Business News Network
The Patriotic Movement for Salvation and Restauration will hold on to power in the West African nation, after replacing Damiba with Ibrahim Traore, a military captain, according to a statement read on the state broadcaster Radio Television du Burkina late Friday. “We have lost faith in” Damiba, a spokesman said in the broadcast. “Instead of retaking territory, we have lost ground to the armed terrorist groups,” he said. Damiba, who himself took power in a January coup, faced growing discontent over jihadist violence and a recent crackdown on civic freedoms, including restricting political demonstrations. The announcement comes after gunfire and heavy explosions were heard near the presidential palace earlier in the day. Burkina Faso is Africa's fourth-largest gold producer, where companies including Endeavour Mining Plc and Iamgold Corp. own mines. Production of the metal plunged in the first half of this year as militants attacked the gold operations. ©2022 Bloomberg L.P.
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