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A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform on Saturday with promises to create a new national currency and renegotiate ...
Usage of: West African CFA franc Central African CFA franc The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
The economy of Senegal is driven by mining, construction, tourism, fishing and agriculture, which are the main sources of employment in rural areas, despite abundant natural resources in iron, zircon, gas, gold, phosphates, and numerous oil discoveries recently. Senegal's economy gains most of its foreign exchange from fish, phosphates ...
Senegal's newly elected President Bassirou Diomaye Faye on Wednesday said his government would conduct an audit of the West African nation's oil, gas and mining sectors. The announcement followed ...
Senegal will seek to implement a reform of the West Africa region's CFA franc currency at a regional level first and if that fails, will consider creating a national currency, opposition leader ...
The vessel extracting the oil is moored about 100 kilometers (60 miles) offshore at the Sangomar oil fields. The project aims to produce 100,000 barrels of oil per day, the statement said. The discovery of oil and gas off the coast of Senegal in 2014 raised hopes that the industry could generate billions of dollars in revenue for the developing ...
The hypothetical currency is sometimes referred to as the afro or afriq. [2] In April 2021, Wamkele Mene, Secretary General of the AfCFTA said: "I don't know how long it will take for Africa to have a common currency. It may not happen in our lifetime, but we have got to start somewhere to address the multiplicity of currencies as a constraint ...