Africa West Africa World 

Francophone West Africa seeks ‘financial freedom’ from France

For decades Francophone nations in West Africa have had the management of their currency done in France. Their financial reserves have always been planned and controlled from France despite gaining independence many years ago. A model where these eight former colonies of France had their foreign-exchange accumulation kept at the French Treasury could soon change. Benin’s President Patrice Talon has… Read More
Africa Business West Africa World 

Why Francophone West Africa must take lead in ECO adoption

The proposed single currency named Eco for the West African sub-region is being pursued by member states in the hope that it will promote trade and economic growth. The acceptance of the Eco would however bring an end to the use of the CFA by members of the West African Monetary Union (WAMU), namely; Benin, Burkina Faso, Cote d’Ivoire, Guinea-Bissau,… Read More