France to intensify effort to ‘decapitate’ al-Qaeda-linked groups in Sahel: Macron
February 16, 2021, 11:14 am

France to intensify effort to ‘decapitate’ al-Qaeda-linked groups in Sahel: Macron

French President Emmanuel Macron gestures as he speaks at The Elysee Palace in Paris. (AFP)

France will intensify its efforts to help “decapitate” Qaeda-linked groups in the Sahel, President Emmanuel Macron told regional leaders via video conference on Tuesday.

He also urged the so-called G5 Sahel nations – Burkina Faso, Chad, Mali, Mauritania and Niger – to expand their own anti-terror fight and work on restoring government control and services in areas where extremist fighters operate.

“We are re-engaging our forces in order to decapitate these organisations,” Macron said during a two-day summit in the Chadian capital of N’Djamena.

He did not mention any drawdown of France’s 5,100-troop Barkhane operation in the region, after French losses in extremist attacks prompted calls for a review of the mission.

Macron said the efforts would focus on combatting the Group to Support Islam and Muslims (GSIM) and in particular one of its main armed groups, Katiba Macina.

The aim is “to strengthen actions against terrorism” while also carrying out a “political jolt... give the people of the Sahel something to hope for,” he said.

He said it was essential for states fighting extremists to win public support for counter-insurgency efforts.

“We have succeeded in gaining some real successes in the three-border zone,” Macron said, referring to a flashpoint area where the frontiers of Niger, Mali and Burkina Faso converge.

“The GSIM enemy has lost its hold and sustained numerous losses.”

“The international mobilization for the Sahel has never been as strong,” he said.

The GSIM has claimed responsibility for some of the biggest attacks in the Sahel since its official launch in 2017. It was placed on a US blacklist of terrorist organisations in September 2018.

One of its main components is the Katiba Macina, led by a radical preacher, Amadou Koufa, who comes from the Fulani, also called Peul, community.

He launched attacks in central Mali, an ethnic powderkeg, recruiting largely among members of his own community.

As a result, the wider Fulani community in the region became tarred with the attacks carried out by the Katiba Macina.

Other ethnic groups, notably the Dogon and Bambara, then formed so-called self-defense forces, setting the scene for bloody tit-for-tat violence.

source: AFP

Image source: AFP

Levant

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.