Business Africa
Ivorian President Alassane Ouattara announced an overhaul of the CFA franc, a currency used by eight states in West and Central Africa, most of them former French colonies.
Supporters of the CFA franc say the link to France provides currency credibility and price stability.
Critics say the arrangement is “post-colonial,” preventing countries from exercising monetary sovereignty and enabling France to wield clout in its former colonies.
Economist Samuel Mathey gives his take on the challenges that may ensue following the adoption of this new currency.
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UN reports widening global inequality in sexual and reproductive health and rights
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UK man runs the length of Africa in 10,000 miles and 352 days
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Poll shows Egypt's March inflation figures expected to edge upwards
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British man running length of Africa nears finish line
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We are working on ways to support drought-hit African countries- IMF
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Morocco: Rabab Cheddar chases Olympic dreams while fasting Ramadan