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The average interest rates applied by banks in the Economic and Monetary Community of Central Africa (CEMAC) increased by 106 basis points (1.06%)
Amid talk of ditching West African franc, a colonial-era legacy, analysts unpack what it means for three Sahel states.
The WAEMU currency has achieved an unprecedented peak against the Nigerian currency-naira, reaching 2.45 naira per franc as of January 15, 2024. This
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Sub-Saharan African (SSA) countries, including those in the CEMAC (Economic and Monetary Community of Central Africa) region are endowed with abundant natural resources that hold significant potential for economic growth. But in many instances, these opportunities were wasted, and results were disappointing: resource-rich countries in SSA often have registered lower economic growth and higher inequality than those without such resources – a phenomenon referred to as the “resource curse”. A recent World Bank report, which expands on the research conducted by Cust et al. (2022) , undertake...