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.
01:15
U.S. considers adding more African countries to travel ban
01:00
Renewed calls to end plastic pollution on World Environment Day
48:03
Half a century later, Is ECOWAS falling apart? [Africanews Debates]
00:52
Bill Gates says most of his $200 billion fortune will go to Africa over next 20 years
Go to video
Africa’s First Multilingual Small Language Model Gets Even Smaller - Thanks to Top African Innovator
01:14
DR Congo Justice Minister under fire over $19M transfer