Markets and investing
Digital currency in the prepping for west African states
Published in
1 min readJan 11, 2017
The eight member countries of the West African Economic and Monetary Union (WAEMU), Senegal, Cote d’Ivoire, Burkina Faso, Benin, Togo, Mali, Niger and Guinea-Bissau, could soon share their own central-bank issued digital currency, the eCFA.
The South Africa rand is no longer the world’s most volatile currency thanks to the Turkish lira. Rising metal prices drove up mining stocks on the Johannesburg Stock Exchange at the last trade.
Nigeria’s oil minister Kachikwu has stated his key goals for the sector in 2017 highlighting a focus on downstream issues, revamping local refineries and passing the petroleum industry bill.
