However, women who have acquired refrigerators, even small ones, can buy sachet water in bulk (200 CFA francs
for a bag of twenty) and send their children out to sell it for 25 CFA francs
per bag, yielding a gross profit of 300 CFA francs
per bag of twenty and 1,830 CFA francs
on average over the course of a day.
Africa has seen success in issuing Sukuk in Sub Saharan Africa, and West Africa in particular in the West African CFA franc
(XOF), which minimises exposure to FX risk for domestic issuers and investors.
With 655 employees and 55 branches across the country, the Ivorian subsidiary has total assets of 850 billion CFA francs
A special court in Senegal sentenced the son of former president Abdoulaye Wade on Monday to six years in prison for corruption and ordered him to pay a 138 billion CFA franc
($228 million) fine, dashing his hopes of competing in elections due in 2017.
France will finance many development projects in Congo for the 2015-2020 period for a total amount of 200 billion CFA francs
(US$414 million), the Congolese Ministry of Finance announced Monday.
Converted to peso, 31,000 CFA francs
is about P2,821.
President Teodoro Obiang Nguema's government announced the co-investment fund of 500 billion CFA francs
($1 billion) as it hosted a two-day conference in Malabo showcasing opportunities for foreign investors in sectors beyond oil and gas.
With the help of import licensing, then-Finance Minister Konan Bedie earned his first billion CFA francs
within a year.
CargIll from the US is prepared to invest between 100 and 200 billion CFA francs
in palm oil plantations.
Revenues during the quarter rose to 612 billion CFA francs
, versus 498.
He was said to have campaigned vigorously for Conde during the election campaign and contributed up to 25m CFA francs
(pounds 32,000) to the cause.
Nkouo is the first of three agricultural villages the government plans to develop at a cost of 13 billion CFA francs
(20 million euros, 27 million dollars), Agricultural Minister Rigobert Maboundou explained.