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Questions over the CFA franc’s peg to the euro; and XAF/XOF parity A Franctrade survey suggests that the CFA franc’s peg to the euro will remain a major theme for business and industry leaders in the region in 2019 with many participants taking the view that a devaluation of the currency is now
Most of the CFA franc zone countries in both central and west Africa are currently considered to be at moderate risk of debt distress. Of the remaining four, three are deemed to be at high risk of debt distress–Cameroon, the Central African Republic and Chad; while Senegal is at low risk. None of the countries profiled is
Efforts are underway in the Central African Economic and Monetary Community (CEMAC) to merge the Douala Stock Exchange (DSX) with Libreville’s Central African Bourse (BVMAC) after years of lacklustre activity. Prospects for the merger had been raised following a decision by the regions’ Heads of State in October 2017 with a steering committee now expected
21 points Weak energy prices and heightened geopolitical risks have struck a debilitating blow on the economies of the central African economic union CEMAC. The urgency of the region’s challenge was articulated today in an impressive 21 point resolution taken at the end of an extraodinary meeting of Central African Heads of State held at the
Commodities traded by West African producers fell sharply ahead of the US presidential elections and are yet to recover following confirmation that Donald Trump had secured enough electoral college votes to be declared US President-elect. Strong Coffee: (Cote d’Ivoire, Cameroon) Coffee futures traded both in London and New York dived lower on Tuesday as investors,
