ISWAP Collects Taxes in CFA As Nigeria Government Plans Currency Redesign
Nov. 13, 2022 The Nigerian government’s proposed change to the design of three of its currency notes has caused a rush to deposit cash in banks. Even the insurgents have…
Ivorian Economist, Brou Nominated West Africa Central Bank Governor
June 5, 2022 Ivorian economist Jean-Claude Brou, president of West Africa’s main political bloc, has been nominated by Ivory Coast President Alassane Ouattara to be governor of the regional central…
Mali debt defaults due to sanctions exceed $93 million
Feb. 16, 2022 Mali has defaulted on more than 53.99 billion franc CFA ($93 million) in interest and principal payments since January due to regional sanctions, data from the West…
COVID-19 pandemic could lead to HIV surge in West, Central Africa – UNAIDS chief
Nov 3, 2021 West and Central Africa could see a rise in HIV infections and AIDS-related deaths in a few years due to disruptions in health services because of the…
President Buhari cautions that ambition for Eco regional currency could be in ‘serious jeopardy’
President Muhammadu Buhari on Tuesday cautioned that the ambition for Eco regional currency could be in ‘serious jeopardy,’ unless member states complied with agreed processes of reaching the collective goal….
Taiwo Fajolu, CFA to launch book on Tech Disruption
Technology is reshaping the world in unbelievable ways and a look around simply buttresses this fact. Disruption is occurring almost every other minute and African countries, particularly, Nigeria must…
Across Africa, hotel development remains important in most advanced economies
Today, Africa is seen as one of the most promising regions for hotel developers. Aside from small chains and independents, four global hotel groups dominate signings and openings on…
Nigeria, Ghana, others kick against renaming the CFA to ECO
After an extraordinary general meeting of ECOWAS heads of state and governments in the West African Monetary Zone, Nigeria and 5 other Anglophone nations (Nigeria, Ghana, The Gambia, Liberia, Sierra…
Eco: Ghana to adopt new West African currency next year but ditch euro peg
President Nana Akufo-Addo of Ghana Ghana’s government said it is determined to join a West African currency that will replace the France-backed CFA franc as soon as next year…
Revamped West African currency, ECO to be launched in 2020 – Macron
The West African Economic and Monetary Union has reached an agreement with France to make changes to the CFA franc, Ivorian President Alassane Ouattara said on Saturday, in a shift…