This fourth monthly analytical report on open source observations of Jihadi activities throughout the Sahel will focus on the most significant events that occurred in March 2023. The month of March partly coincided with the holy month of Ramadan, which for many extremist and terrorist groups is traditionally the “month of Jihad” in which they exert additional efforts to carry out operations. Throughout the last decade the Islamic State (IS) and al-Qaeda factions worldwide have conducted Ramadan offensives.