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.
Launched in 2011 as a successor to Cameroon Airlines, Camair-Co has already racked up debts of 30bn CFA francs
Summary: In the first six months of 2015, the resources mobilized by the state of Senegal were estimated at 962.9 billion CFA francs
NIAMEY, , Dhu-AlQa'dah 11, 1436, August 26, 2015, SPA -- Security forces in Niger have dismantled a counterfeiting operation, seizing at least 270 million CFA francs
($470,244) in fake euro and dollar notes, authorities told state-owned television on Tuesday, according to Reuters.
Ecobank Cote d'Ivoire finances 13 per cent of the Ivorian economy, having paid 14 billion CFA francs
($23.5 million) in taxes to the Ivorian Treasury in 2014.
BRVM's market capitalisation has doubled in three years, standing at 7458 billion CFA francs
($13.8 billion) on 31 December 2014.
"The crime of illicit enrichment being proven, Karim Wade: six years in prison and a fine of 138 billion CFA francs
," judge Henri Gregoire Diop said in the ruling, adding that Wade had hidden away funds in offshore companies in the British Virgin Islands and Panama.
Decurey said the company plans to raise its capital from 25 billion CFA francs
to 65 billion CFA francs
by the end of the year.
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.
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.