• By The Financial District


Mali's President Ibrahim Boubacar Keita announced his resignation on live television in the early hours of Wednesday morning following a military coup. "I've decided to leave my post," he said, clad in traditional clothing and a medical mask to protect against COVID-19, Mahamadou Kone wrote for the Deutsche Presse-Agentur (dpa.)

The president and Prime Minister Boubou Cisse were arrested by the military after a mutiny on Tuesday, following months of street protests in the volatile West African state, which is also battling an Islamic insurgency.

"The president and his prime minister have been arrested," army officer Sidi Gakou told dpa earlier Tuesday. "They are being taken to Kati military camp."

The United Nations (UN), European Union (EU), African Union Commission (AUC) and the Economic Community of West African States (ECOWAS), condemned the military's actions. The UN secretary general called for the "immediate release" of the president, while the EU said it "condemns the coup attempt under way in Mali and rejects any anti-constitutional change."