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On denombre quinze Etats, dont huit pays rassembles au sein d'une monnaie ouest-africaine (UEMOA) et qui utilisent le FCFA.
"Second, there is an increasing adoption of mobile phone as a distribution channel-especially in Ghana and UEMOA," says George Bodo.
The bank will establish itself in the UEMOA countries where it does not yet have a presence, by setting up new representatives in the form of subsidiaries or branches.
BOAD's ratings are based on the support Fitch believes it would receive from its two key shareholders, Banque Centrale des Etats d'Afrique de l'Ouest (BCEAO), which is the regional central bank of UEMOA, and Cote d'Ivoire.
This slows down the flow of goods and makes it difficult to do business, whilst on the other the end, if for instance I built a factory in Mali, any goods that are made should have the ability to be sold into any of the other seven countries in UEMOA without having to clear any customs.
The Economic and Monetary Union of West Africa (UEMOA) plans to issue about USD4.9bn of debt this year, down 22.4 percent from 2014.
The Forum was hosted and organised by the West African Economic and Monetary Union (UEMOA), Global Finance & Capital (GFCL), and the West African Development Bank (BOAD).
Dubai: Eight heads of states from the West African Economic and Monetary Union (UEMOA) and the head of West African Development Bank (BOAD) on Tuesday addressed an investment forum in Dubai seeking more investments from the region.
Dubai, Dhu-AlQa'dah 14, 1435, Sep 9, 2014, SPA -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE) and Ruler of Dubai, met here today with Heads of State of six member countries of West African Economic & Monetary Union (UEMOA) participating in the West Africa Investment Forum in Dubai.
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday met with the heads of state of six member countries of the West African Economic and Monetary Union, or UEMOA, participating in the inaugural West Africa Investment Forum in Dubai.
In attendance will be the Heads of State of Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, as well as the Presidents of UEMOA (the West African Economic & Monetary Union) and BOAD (the West African Development Bank).
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