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OUSTER, INC.

(OUST)
  Report
Delayed Nyse  -  04:00 2022-11-30 pm EST
1.180 USD   -4.07%
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Gunfire, confusion grip Burkina Faso day after coup, fire breaks out at French embassy

10/01/2022 | 03:14pm EST

OUAGADOUGOU (Reuters) -Gunfire rang out across Burkina Faso's capital on Saturday and fire broke out at the French embassy after self-declared leader Ibrahim Traore accused President Paul-Henri Damiba of staging a counter-offensive after his apparent ouster a day earlier.

The standoff signals deep division within the army and a worrying new chapter for Burkina Faso, where a rampant Islamist insurgency has undermined faith in the authorities and displaced almost 2 million people, according to aid groups.

The West African country and former French protectorate has become the epicentre of violence carried out by groups linked to al Qaeda and Islamic State that began in neighbouring Mali in 2012 and has spread to other countries south of the Sahara Desert.

The Burkinabe army chief of staff called on opposing factions in a statement to cease hostilities and continue talks, adding that the situation was "an internal crisis within the National Armed Forces".

The U.S. State Department and the U.N. Secretary-General denounced the overthrow of the government.

"He strongly condemns any attempt to seize power by the force of arms and calls on all actors to refrain from violence and seek dialogue," a spokesperson for Antonio Guterres said in a statement.

Forces loyal to Traore appeared on state television and said Damiba had taken refuge in a French army base from where he was organising the counter-strike.

The French foreign ministry issued a statement saying the base had never hosted Damiba, who seized power in a Jan. 24 coup.

But hundreds of people who support Traore's takeover gathered in front of the French embassy in protest on Saturday. Anti-French demonstrators also gathered and stoned the French Cultural Centre in the Southern town of Bobo-Dioulasso.

In the early evening, a fire broke out at the embassy and several shots were heard. The embassy could not be reached for comment.

Earlier in the day, scattered shots rang out, armed helicopters circled the presidential palace and a convoy of special forces swept through central Ouagadougou after Traore announced on state television the previous evening that he had seized control in what would be the second coup this year.

"They led a counter-offensive this morning. Some of the special forces were sent ... and also the air base has been manipulated," Traore told radio station Omega on Saturday.

Damiba's whereabouts remain unknown.

Mali, Chad, and Guinea have all seen coups since 2020, raising fears of a backslide towards military rule in a region that had made democratic progress over the past decade.

(Additional reporting by David Lewis; Writing by Alessandra Prentice; Editing by Gareth Jones, Nick Macfie and Bate Felix)

By Thiam Ndiaga and Anne Mimault


ę Reuters 2022
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Financials (USD)
Sales 2022 46,1 M - -
Net income 2022 -133 M - -
Net Debt 2022 - - -
P/E ratio 2022 -1,54x
Yield 2022 -
Capitalization 218 M 218 M -
Capi. / Sales 2022 4,72x
Capi. / Sales 2023 2,12x
Nbr of Employees 290
Free-Float 67,0%
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Number of Analysts 7
Last Close Price 1,18 $
Average target price 4,29 $
Spread / Average Target 263%
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Managers and Directors
Angus Pacala Chief Executive Officer & Director
Anna Brunelle Chief Financial Officer
Susan Heystee Chairman
Mark Frichtl Chief Technology Officer
Darien Spencer Executive Vice President-Global Operations
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