Currency fluctuations against the dollar have caused huge losses for foreign companies, with some groups even exiting Nigeria and Kenya. Is the relative stability of the CFA franc in West and Central ...

Nearly 150 million people use the franc of the Financial Community of Africa (CFA) on a daily basis, from Senegal in the extreme west to Gabon in the center of the continent. Used in 14 countries, the ...

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A planned new West African currency to replace the France-backed CFA franc this year has been derailed by the coronavirus pandemic and its launch could now be up to five years away, Ivory Coast's ...

When French President Emmanuel Macron holds talks with his Ivory Coast counterpart on Saturday (December 22), the future of the French-backed CFA franc currency will be under scrutiny. It's a lifeline ...

In its programme published on 9 March, the Diomaye President coalition had announced the launch of a monetary reform that would give Senegal its own currency. But at a more recent press conference, ...

Ivory Coast collected 2.35 trillion CFA francs ($4.41 billion) in taxes in 2020, 4.4% more than the previous year, Abou Sie Ouattara, director general of the tax authority, said on Thursday.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...